On October 30, 2020, the board of directors of Vertical Computer Systems, Inc. removed former director Richard Wade as CEO and President of the Company, and placed him in his capacity as an employee on unpaid administrative leave, while the Company performs an investigation of his actions as a former corporate officer and director of the Company (under the terms of his employment agreement) in order to determine the future status of his employment and the appropriate remedies and actions that the Company may take against him. The Board made the appointment of Len Chermack, age 64, Chief Executive Officer of the Company, effective as of October 30, 2020. Len has served as an Associate of Naya Ventures and beginning in February 2020, he has been the CEO/Founding Partner focusing on capital sourcing for HEXA Global Ventures, which supports entrepreneurs and companies in the technology, healthcare, human resources and services.