Business Context and Reporting Period
This Form 8-K Current Report was filed by Cerberus Cyber Sentinel Corporation (not CISO Global, Inc.) on February 4, 2021, covering events occurring on February 1, 2021. The registrant is an emerging growth company incorporated in Delaware with principal executive offices in Scottsdale, Arizona.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial performance data.
Material Changes
- Board Appointment: On February 1, 2021, the Board of Directors appointed Sandra Morgan, 42, as a director to serve immediately.
- Compensation: In connection with her election, the Board granted Ms. Morgan 200,000 shares of the Company's common stock.
- Qualifications: Ms. Morgan was selected for her experience with regulatory and compliance issues, having previously served as Chairwoman of the Nevada Gaming Control Board and Commissioner of the Nevada Gaming Commission.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding financial guidance, future outlook, or specific business risks. It notes that there are no arrangements or understandings between Ms. Morgan and other persons regarding her appointment, and no transactions requiring disclosure under Item 404(a) of Regulation S-K exist.
Investor Verification Checklist
- Verify the ticker symbol and trading status of Cerberus Cyber Sentinel Corporation, as the filing indicates "None" for securities registered under Section 12(b).
- Confirm the impact of the 200,000 share grant on total outstanding shares and potential dilution.
- Review the press release filed as Exhibit 99.1 for additional context on the appointment.
- Check subsequent filings for any financial data, as this 8-K contains none.