Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Chief Financial Officer
On January 16, 2022, the outgoing Chief Financial Officer of Save Foods, Inc.
(the "Company"), Ms. Vered Raz-Avayo, tendered her resignation to the Board of
Directors of the Company (the "Board") in connection with her role as the
Company's Chief Financial Officer, which resignation will enter into effect on
January 31, 2022. Ms. Raz-Avayo's resignation was due to personal reasons and
there were no disagreements between her and the Company or the Board.
Appointment of Interim Chief Financial Officer
On January 18, 2022, the Board resolved to appoint Mr. Omri Kanterovich, the
Company's current financial controller, as the Company's interim Chief Financial
Officer, VP of Finance, Treasurer and Secretary, which appointments shall enter
into effect on January 31, 2022. Below is a description of the relevant business
experience for Mr. Kanterovich:
Mr. Omri Kanterovich (38) will serve as the Company's interim Chief Financial
Officer, VP of Finance, Treasurer and Secretary beginning January 31, 2022. From
November 2021 to January 31, 2022, Mr. Kanterovich served as the Company's
financial controller. Prior to that, Mr. Kanterovich was a corporate controller
for Hisense Group Ltd. from 2020 until 2021. Earlier in his career, Mr.
Kanterovich was a senior associate at Kesselman & Kesselman, a member firm of
PricewaterhouseCoopers International Limited from 2018 until 2020, and an
assistant controller at Nextage Ltd. from 2016 until 2018. Mr. Kanterovich holds
aB.A. in computers and information systems from the Center of Academic Studies,
Israel. Mr. Kanterovich is also a certified public accountant in Israel.
In connection with Mr. Kanterovich's new positions with the Company, the Board
resolved to increase his monthly base salary from NIS 18,000 to NIS 25,000. No
additional changes were made to Mr. Kanterovich's compensation.
There are no other arrangements or understandings pursuant to which Mr.
Kanterovich was appointed interim Chief Financial Officer. There are no family
relationships among any of the Company's directors, executive officers, and Mr.
Kanterovich. There are no related party transactions between the Company and Mr.
Kanterovich reportable under Item 404 of Regulation S-K.
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