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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 1, 2026
AppTech
Payments Corp.
(Exact
name of registrant as specified in its charter)
| Delaware |
|
001-39158 |
|
65-0847995 |
|
(State or other jurisdiction
of incorporation) |
|
(Commission
File Number) |
|
(IRS Employer
Identification No.) |
5050 Avenida Encinas, Suite
120
Carlsbad,
California 92008
(Address
of principal executive offices) (Zip Code)
Registrant’s
telephone number, including area code (760)
707-5959
Not Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| |
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
|
| |
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
|
| |
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
|
| |
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of Each Class |
|
Trading
Symbol(s) |
|
Name
of Each Exchange on Which Registered |
| Common
stock, par value $0.001 per share |
|
APCX |
|
OTCQB |
| Warrants,
each whole warrant exercisable for one share of common stock |
|
APCXW |
|
OTCQB |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 1, 2026, AppTech
Payments Corp. (the “Company”) released Thomas J. DeRosa from his roles as President and Chief Executive Officer of the Company,
effective immediately. Mr. DeRosa will continue to serve as a member of the Company’s Board of Directors (the “Board”).
Also on July 1, 2026, the Company appointed Felipe A. Corrado IV, age
47, as Interim Chief Executive Officer of the Company. In this capacity, he will serve as the Company’s Chief Financial Officer
and Chief Executive Officer until, when, and if the Company’s Board appoints a replacement. Mr. Corrado has served as the Company’s
Chief Financial Officer and Treasurer since December 2024, and before that was a Management Consultant at the Company since 2021. Mr.
Corrado has over two decades of experience as an owner/operator, CFO, management consultant, financial analyst, practicing CPA, and auditor.
His areas of expertise include financial due diligence/quality of earnings, forensic, fraud, restructurings, corporate turnarounds, corporate
investigations, litigation support and economic damage calculation engagements on behalf of private equity investors, lenders, attorneys,
and public and private companies. As a consultant, he has performed diligences on over 150 acquisitions and financing deals across the
U.S., South America, Central America, Mexico, Asia and Canada. He spent years with Walt Disney Records earlier in his career, honing his
financial modeling and analysis skills. Prior to working for The Walt Disney Company, he worked for PricewaterhouseCoopers, LLP, auditing
and consulting for multiple venture capital, private equity, hedge, and mutual fund clients. Most recently, Mr. Corrado worked as a Senior
Manager in the transaction advisory services for BDO, LLP.
There are no arrangements or understandings
between Mr. Corrado and any other person pursuant to which he is being appointed as Interim Chief Executive Officer of the Company. There
are no family relationships between Mr. Corrado and any director or executive officer of the Company. Mr. Corrado does not have a direct
or indirect material interest in any transaction requiring disclosure under Item 404(a) of Regulation S-K. Mr. Corrado’s compensation
was changed to $300,000 in connection with this appointment.
SIGNATURES
Pursuant to the requirements of
the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
| |
APPTECH PAYMENTS CORP. |
| |
|
|
| |
|
|
| Date: July 10, 2026 |
By: |
/s/ Felipe Corrado |
| |
|
Felipe Corrado |
| |
|
CFO / interim CEO |
