Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On October 21, 2020, L. Michael Yukich joined NovAccess Global Inc. as our
fractional chief financial officer, replacing Daniel G. Martin, who had been
serving as interim CFO. Mr. Martin remains chairman of the board of directors.
Mike Yukich, age 74, has extensive financial and accounting experience and for
the past twenty years he has held the position of chief financial officer for
both public and private companies. Mr. Yukich currently serves as interim chief
financial officer for Innovest Global, Inc., a publicly-traded diversified
industrials company and significant shareholder of NovAccess. Mr. Yukich served
as Innovest's CFO from August 2017 to October 2019 and rejoined the company in
September 2020. Before joining Innovest, Mr. Yukich was CFO of Capital Finance
Group LLC, a financial services company with an emphasis in bond financing for
companies and municipalities. In addition, over his career Mr. Yukich has served
in senior financial positions for Fortune 500 companies including TRW, Inc. and
Eaton Corporation. Mr. Yukich is also a United States Navy veteran with tours on
two naval warships. He holds a BA in business administration from the University
of Mount Union and an MBA from Central Michigan University. He has been an
active member and past officer and director of the Financial Executives
Institute for the past twenty-two years. His community involvement includes
serving as president of the Beta Iota House Corporation of Sigma Nu National
fraternity, an affiliate of the University of Mount Union since 2002. Mr.
Yukich's deep financial and accounting experience for both publicly and
privately-held companies is expected to add significant value to NovAccess
Global.
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