8-K: Two Hands Corporation Announces CFO Resignation and Appointment
Current Report
Two Hands Corporation announces the resignation of Andrew Kucharchuk as CFO and the appointment of Matthew Stark to the role, effective February 20, 2025.
Summary
- Two Hands Corporation announced the resignation of Andrew Kucharchuk as Chief Financial Officer and member of the Board of Directors on February 20, 2025.
- Matthew Stark was appointed as the new Chief Financial Officer and a member of the Board of Directors, effective the same date.
- Mr. Kucharchuk's resignation was not due to any disagreements with the company.
- The Board of Directors now consists of Emil Assentato, Craig Marshak, and Matthew Stark.
- Matthew Stark will chair the company's audit committee.
- Matthew Stark has 15 years of experience in accounting and financial reporting within the financial services industry.
- Prior to this appointment, Mr. Stark served as the Corporate Controller at Nukkleus, Inc. since 2022.
- Mr. Stark's compensation will be $5,000 per month.
Sentiment
Score: 6
Explanation: The document describes a neutral event (CFO change) with no indication of negative impact on the company. The quick appointment of a replacement is a slightly positive sign.
Positives
- The company quickly filled the CFO position with Matthew Stark, who has 15 years of experience in accounting and financial reporting.
- Mr. Stark's experience includes working with FINRA-regulated broker-dealer services and cross-border payment services.
- The resignation of the previous CFO was not due to any disagreements with the company.
Industry Context
Executive changes are common in publicly traded companies, and this announcement reflects a routine transition in leadership.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer and Member of the Board of Directors | Andrew Kucharchuk | Matthew Stark | February 20, 2025 | Resignation |
Stakeholder Impact
- Shareholders may be interested in the change of CFO, but the announcement suggests a smooth transition.
- Employees may experience a change in leadership within the finance department.
Key Dates
| Date | Description |
|---|---|
| February 20, 2025 | Andrew Kucharchuk's resignation and Matthew Stark's appointment as CFO and Board member. |
| April 7, 2025 | Date of the report filing. |
Keywords
CFO, resignation, appointment, Matthew Stark, Andrew Kucharchuk, Board of Directors, financial reporting, accounting
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