UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
On September 13, 2022 Yosef Keret, a non-executive director on the Board of Directors (“the Board”) of Mawson Infrastructure Group Inc. (“the Company”), informed the Company of his decision to retire from the Board effective as at September 14, 2022.
Mr Keret has been a valued member of the Board since 2017, when the Company was known as Wize Pharma, Inc (“Wize”), was a biotechnology company, and was headquartered in Israel. Mr Keret remained a member of the Board after March 9, 2021, as previously reported in the Schedule 14(f) filed on February 26, 2021 and the Current Report on Form 8-K filed on March 9, 2021, when, pursuant to a Bid Agreement dated December 30, 2020, a change of control of Wize occurred and the other directors of Wize resigned.
Mr Keret agreed to remain a member of the Board of the Company to assist with a smooth transition from the Wize business to the Company’s current business as a Bitcoin miner. Mr Keret remaining as a director provided continuity on the Board during that time.
That period of transition is largely complete, and Mr Keret considers that it is an appropriate time for him to resign from the Board of the Company and to focus his attention on his other business commitments and obligations.
The Company wishes to thank Mr Keret for his significant contribution to the Company during the period of its transition to its current form, and wishes him well in his future endeavors.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
The Company cautions that statements in this report that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon the Company’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility of the Company’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies, and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” included in the Company’s Annual Report on Form 10-K filed with the SEC on March 21, 2022, Quarterly Report on Form 10-Q filed with the SEC on August 22, 2022, and in other filings that the Company has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. The Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Mawson Infrastructure Group Inc. | ||
| Date: September 13, 2022 | By: | /s/ James Manning |
| James Manning | ||
| Chief Executive Officer | ||
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