Company: SCTH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001017386-25-000028
Chunk: 1

Company: Securetech Innovations, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 1
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 of the date of this registration statement. 

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Table of Contents

Bonuses and Deferred Compensation

We may pay bonuses as determined by the Board of Directors from time to time based on performance, which may either be paid in stock or cash at the Board's discretion.

Options and Stock Appreciation Rights

We do not currently have a stock option or other equity incentive plan.  We may adopt one or more such programs in the future.

Payment of Post-Termination Compensation

We do not have change-in-control agreements with any of our directors or executive officers. We are not obligated to pay severance or other enhanced benefits to executive officers upon the termination of their employment.

Director Compensation

We do not plan to pay our directors any cash compensation until our business becomes operationally profitable. However, we may reimburse our directors for out-of-pocket travel and lodging expenses related to attending Board of Directors meetings.

Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of March 31, 2025, certain information as to shares of our common stock owned by (i) each person known by us to beneficially own more than 5% of our outstanding common stock, (ii) each of our directors, and (iii) all of our executive officers and directors as a group.

Unless otherwise noted, each shareholder's mailing address is 2355 Highway 36 West, Suite 400, Roseville, MN  55113.

Common Stock
 
Series A Preferred Stock

Name of Beneficial Owner

Number of Shares
 
Percentage
of
Class (1)

Number of Shares
 
Percentage
of
Class (2)

Officers and Directors

J. Scott Sitra,
President, CEO, and Director

173,000

0.5%

10,400

58.7%

Anthony Vang,
Treasurer, Secretary, and Director

10,049,070

28.5%

-0-

0%

Kao Lee,
President and CEO, Top Kontrol, LLC (3)

2,698,140

7.6%

6,640

37.5%

All officers and directors as a group (3 persons)
 
12,920,210
 
36.6%

17,040
 
96.2%

Five Percent Stockholders

Kue & Jay Xiong
 
5,000,000
 
14.2%

-0-
 
0%

(1)Based on 35