Cyber Enviro-Tech, Inc. 8-K

What Happened Cyber Enviro‑Tech, Inc. (CETI) reported in an 8‑K filed March 18, 2026 that it issued one (1) share of a newly designated "Special 2025 Series A Preferred Stock" to CEO Kim D. Southworth. The Certificate of Designation for the Preferred Stock was filed with the Wyoming Secretary of State on March 9, 2026 (effective upon filing). The company states that, as of March 11, 2026, Southworth holds voting power representing approximately 60% of the total voting power of outstanding voting securities and that a change in control occurred on that date.

Key Details

• One (1) share of Special 2025 Series A Preferred Stock was issued to CEO Kim D. Southworth.
• The Preferred Stock consists of a single authorized share that carries voting rights equal to 60% of the company’s total voting power.
• The Preferred Stock has no economic rights: it is not convertible and has no rights to dividends, distributions, or liquidation proceeds.
• The issuance was made without cash consideration and relied on the Section 4(a)(2) exemption from registration; the Certificate of Designation is filed as Exhibit 3.1 to the 8‑K.

Why It Matters This filing documents a formal transfer of voting control to the CEO without issuing economic or convertible rights—meaning Southworth can control corporate votes (about 60% voting power) while the Preferred Stock does not provide financial claims. For investors, a change in control can affect strategic direction, corporate governance, and future decisions that require shareholder votes. The lack of economic rights also means this is a governance change rather than a financing event.