UNITED STATES
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FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 13, 2025, the Board of Directors of The Coretec Group, Inc. (the “Company”) took action by written consent in lieu of a meeting, in accordance with Section 8 of Article III of the Bylaws of the Company. The Board approved changes in corporate leadership and governance, including the appointment of new officers, acceptance of resignations, and authorization of regulatory filings and financing.
The actions taken include, among others:
| ● | Appointment of Seonkee Kim as Co-Chairman of the Board, President, and Chief Executive Officer; | |
| ● | Appointment of Ho Seok Kim as Chief Financial Officer; | |
| ● | Acceptance of the resignation of Jung Min Lee as a Director; | |
| ● | Relief of Antti Uusiheimala from officer positions; | |
| ● | Continued service by Elbert Michael Ussery as Co-Chairman and Director; | |
| ● | Continued service by Victor Keen as Independent Director; | |
| ● | Authorization to prepare and file the Company’s OTC Markets Alternative Reporting Standard disclosures; | |
| ● | Approval of financing authorization for related audit expenses; | |
| ● | Direction to update corporate records accordingly. |
The full text of the Board resolutions is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 8.01 Other Events.
The Company has authorized the preparation and filing of its Alternative Reporting Standard disclosures with OTC Markets Group for the periods ended September 30, 2024, December 31, 2024, and March 31, 2025. A loan facility of up to $300,000 has been authorized to support audit preparation and related compliance activities.
Item 9.01 Financial Statements and Exhibits.
| **Exhibit No. | Description** | |
| 99.1 | Board Resolutions of The Coretec Group, Inc., dated May 13, 2025 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE CORETEC GROUP, INC. | ||
| By: | /s/ Seonkee Kim | |
| Name: | Seonkee Kim | |
| Title: | Chief Executive Officer | |
| Date: | May 30, 2025 | |