Item 5.02 Departure of Directors or Certain O?cers; Election of Directors;
Appointment of Certain O?cers; Compensatory Arrangements of Certain O?cers.
On September 15, 2022, MediXall Group, Inc. (the "Company") announced the
departure of Mr. Timothy Hart as Chairman and board member of MediXall. Mr.
Hart's departure was not a result of a disagreement relating to the registrant's
operations, policies or practices. Mr. Hart had served as Director and CFO
since the Company's inception.
On September 15, 2022, upon Mr. Hart's departure, the Board of Directors
("Board") announced the appointment of John Marino as Chairman of the Board of
Directors of MediXall Group, Inc. From 1999 until 2013, he served as President
of Transportation Management Services, Inc. (TMS), our wholly owned subsidiary.
Prior to joining TMS, Mr. Marino served as the Director of Real Estate and
legislative affairs at Patriot Rail Corp., a Boca Raton, Florida based company
which is an operator of short line and regional railroads in the U.S. While at
Patriot Rail Corp., his responsibilities included management and development of
railroad real estate including industrial development as well as rights-of-way
management of all easements and encroachments. From 2015 thru 2021 Mr. Marino
served as president of Continental Rail LLC, a domestic short line railroad
holding company. Mr. Marino holds a B.S. in International Business from American
University in Washington D.C. He is a member of the City Tavern Club in
Washington D.C. and a member of The Foreign Policy Discussion Group.
On September 15, 2022, the Company appointed Richard Paull, Chief Financial
Officer of MediXall Group, Inc., Mr. Paull has over 35 years of accounting and
finance experience. His accounting career began in the early 1980's as a staff
accountant with Grant Thornton (formerly Alexander Grant). for 2 years. From
there, he moved into private industry with Oxbow Corporation as one of the
personal accountants to William I Koch, the founder and Chairman/President/CEO.
He worked with the CFO on consolidated reports for Bill, along with setting up
the accounting for his America 3 Foundation, Inc a not for profit that which
originally oversaw Bill's challenge of the America's Cup in 1991-92. Opting out
of a relocation, Mr. Paull opened an accounting and tax office in South Florida
which provided small to medium corporations' tax and accounting needs along
personal tax services. His client's included Netstairs.com Inc et al. he was its
CFO for 18 years. He assisted with preparation of SEC documents, i.e. Form
10-SB, assisting our periodic auditors, along with day-to-day accounting etc.
During this period, various CPA firms also contracted him to assist them and
their clients with audits and preparation of SEC 10-Ks and 10-Qs. In fall, 2013,
he began consulting with TBG and R3 Accounting on various clients. The tasks
included assisting them and the external auditors on the periodic audits and
drafting SEC Forms 10-Qs and 10-Ks for them. In fall of 2017 Mr. Paull joined R3
Accounting full time. He assists on an as needed basis with the SEC related
reports and filings.
Mr. Paull holds a BS.in Biology and Education from Syracuse University and an
MBA Accounting and Taxation from Suffolk University.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements.
Forward-looking statements are based on management's current expectations and
are subject to risks and uncertainties, many of which are beyond the Company's
control, that may cause actual results or events to differ materially from those
projected. These risks and uncertainties include risks described in the section
entitled "Risk Factors" and elsewhere in the Company's Annual Report on Form
10-K filed with the SEC on April 19, 2022 and filings with the SEC, including,
without limitation, its reports on Forms 8-K and 10-Q, and the S-1 registration
filed with the SEC on November 5, 2019, all of which can be obtained on the SEC
website at www.sec.gov. Readers are cautioned not to place undue reliance on the
forward-looking statements, which speak only as of the date on which they are
made and reflect management's current estimates, projections, expectations and
beliefs. The Company expressly disclaims any obligation or undertaking to
release publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in its expectations or any changes in
events, conditions or circumstances on which any such statement is based, except
as required by law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
104 Cover Page Interactive Data File (the cover page XBRL tags are
embedded within the inline XBRL document)
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