Business Context and Reporting Period
This Form 8-K is a current report filed by Intellisense Solutions Inc. (not Odysight.Ai Inc.) on May 16, 2018. The filing addresses corporate governance changes under Item 5.02, specifically the departure of an officer and the appointment of new directors and officers.
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 personnel changes and does not contain financial statements or performance metrics.
Material Changes
- Resignation: Neil Reithinger resigned as Secretary on May 16, 2018. He remains President, Treasurer, and a director. The resignation was not due to any disagreement with the company.
- Appointments: Eyal Ben Ami was appointed to the Board of Directors, and Oded Gilboa was appointed as Secretary on May 16, 2018.
- Board Composition: Following these changes, the Board of Directors consists of two members: Eyal Ben Ami and Neil Reithinger.
Management Commentary and Risks
Management Commentary: The company provided biographical details for the new appointees. Eyal Ben Ami brings experience from IDB Bank of Israel and Virtual Crypto Technologies Inc. Oded Gilboa is a licensed CPA with over 16 years of experience in finance, including roles at TechCare Corp., Mylan Specialty, Taro Pharmaceuticals, and IDT Corporation.
Risks and Contingencies: The filing explicitly states there are no transactions involving the departing or incoming officers (or their immediate families) exceeding the lesser of $120,000 or 1% of the average total assets for the last two fiscal years. No other risks or contingencies were disclosed in this specific report.
Investor Verification Checklist
- Verify the correct registrant name is Intellisense Solutions Inc., not Odysight.Ai Inc.
- Confirm the current Board of Directors consists of only two members (Reithinger and Ben Ami).
- Review the company's most recent 10-K or 10-Q for financial data, as this 8-K contains no financial metrics.
- Check for any subsequent filings regarding the operational impact of these leadership changes.