Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 1, 2021, Spectrum Global Solutions, Inc., a Nevada corporation (the
"Company"), announced the appointment of Mark Porter, age 48, to replace Roger
Ponder as Chief Executive Officer ("CEO") of the Company, effective March 1,
2021.
Since January 2001, Mr. Porter has been President and Chief Executive Officer of
HWN, Inc. ("High Wire Networks"). With over two decades of technology industry
experience, Mr. Porter is a channel veteran with extensive experience in
pioneering new and more innovative ways to deliver professional and managed
services.
There are no family relationships between Mr. Porter and any director or
executive officer of the Company. As reported in the Current Report on Form 8-K
filed by the Company on February 2, 2021, on January 27, 2021, the Company, HW
Merger Sub, Inc., High Wire Networks and the stockholders of High Wire Networks
(the "Stockholders") entered into an Agreement and Plan of Merger (the
"Agreement") whereby the Stockholders agreed to sell to the Company all of the
capital stock of High Wire Networks. Mr. Porter is a stockholder of High Wire
Networks. The closing of the transaction contemplated by the Agreement is
subject to certain closing conditions, as set forth in the Agreement. Following
such closing, High Wire Networks will be a wholly-owned subsidiary of the
Company.
A copy of the press release announcing the hiring of Mr. Porter is furnished
herewith as Exhibit 99.1 to this Current Report on Form 8-K.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
99.1 Press Release, dated March 1, 2021.
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