Business Context and Reporting Period
This Form 6-K filing by Safe-T Group Ltd. (also referenced as Alarum Technologies Ltd. in metadata) covers the month of October 2021, with the report dated October 27, 2021. The filing primarily addresses significant changes to the Company's Board of Directors and executive leadership.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report is a disclosure of corporate governance changes rather than a financial results statement.
Material Changes
- Board Appointment: On October 26, 2021, the Board appointed Mr. Avi Rubinstein as a director and member of the Board until the next annual general meeting of shareholders.
- Executive Departure: Mr. Amir Mizhar stepped down from his positions as President of the Company, member of the Board, and Chief Software Architect of the subsidiary Safe-T Data A.R Ltd. His departure was effective October 25, 2021.
- Reason for Departure: The filing states Mr. Mizhar's departure did not arise from any disagreement with the Company regarding operations, policies, or practices. He intends to pursue other activities and will serve as an external adviser.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or specific risk factors related to operations. It notes that Mr. Rubinstein brings significant experience in the cyber and technology sectors, having previously served as Chief Business Officer for the Company's subsidiary and held executive roles at Nice Systems Ltd., Inpedio BV, Ectel Ltd., StorWiz, and VideoCodes.
Investor Verification Checklist
- Verify the effective date of Mr. Avi Rubinstein's board appointment (October 26, 2021).
- Confirm the effective date of Mr. Amir Mizhar's resignation (October 25, 2021).
- Review the Company's subsequent filings for any financial impact related to these leadership changes.
- Check if Mr. Mizhar's role as an external adviser involves a formal consulting agreement.