StageWise Strategies Corp. (TEGO): director Temur Zokirov reason not stated

Events in this filing

Item 5.02 as filed

Item 5.02 Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Pursuant to the Share Exchange Agreement, as of
the Registration Date, (i) Temur Zokirov, Bahtiyor Kadirov and Elina Davidyan will resign as members of the Board, and (ii) Anita Mendiratta,
Wesley T. Davis, Marc William Kasher, Richard Nolan Sharko and Irodakhon Abduvakhitova, each of whom was designated by TEG SPV, will commence
serving as members of the Board, with Ms. Mendiratta serving as Chair of the Board. The resignations are in connection with the Share
Exchange and are not the result of any disagreement with the Company on any matter relating to its operations, policies or practices.
Mr. Zokirov continues to serve as the Company’s Chief Financial Officer, and Elmurod Sopiev continues to serve as the Company’s
Chief Executive Officer.
The Board has determined that each of Ms. Mendiratta,
Mr. Davis, Mr. Kasher and Mr. Sharko qualifies as an “independent director” under the OTCQB standards. It is expected that
the Board will establish an Audit Committee, consisting of Mr. Sharko, Mr. Davis and Ms. Mendiratta, with Mr. Sharko serving as the chair;
a Compensation Committee, consisting of Mr. Kasher, Mr. Davis and Ms. Mendiratta, with Mr. Kasher serving as the chair; and a Nominating
and Corporate Governance Committee consisting of Mr. Kasher, Mr. Davis and Ms. Mendiratta, with Mr. Kasher serving as the chair.
Biographical information for each of the Company’s
directors and executive officers is set forth under “Directors and Executive Officers” in Item 2.01 of this Current Report
and is incorporated herein by reference. Other than the designation of the new directors by TEG SPV pursuant to the Share Exchange Agreement,
there are no arrangements or understandings between any of the new directors and any other person pursuant to which he or she was appointed.
Ms. Abduvakhitova is the daughter of Mr. Artikkhodjaev, the Company’s controlling stockholder, and received 58,591,499 Exchange
Shares in the Share Exchange as the Individual Seller. Except as described in this Current Report, none of the new directors has a direct
or indirect material interest in any transaction required to be disclosed under Item 404(a) of Regulation S-K.