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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): April 20, 2026
QUALITY
INDUSTRIAL CORP.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
000-56239 |
|
35-2675388 |
(State
or other jurisdiction
of incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification No.) |
| 505
Montgomery Street, San Francisco, CA |
|
94111 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: (800) 706-0806
(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 (17CFR 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: None
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
April 20, 2026, John-Paul Backwell resigned from his position as Chief Executive Officer of Quality
Industrial Corp., a Nevada corporation (the “Company”), effective immediately. Mr. Backwell will continue to be a director
of the Company. The resignation was not the result of any disagreement with the Company on any matter known to an executive officer of
the Company relating to the operations, policies or practices of the Company.
On
April 20, 2026, the Board of Directors of the Company appointed Carsten Kjems Falk as the Company’s Chief Executive Officer, effective
immediately. Mr. Falk, 51, has served as the Interim Chief Financial Officer and a director of
the Company since August 2025. Since June 2025, Mr. Falk has also served as Head of M&A of Fusion Fuel Green PLC, an Irish public
limited company (Nasdaq: HTOO). From October 2022 to August 2025, Mr. Falk was the Chief Commercial Officer of the Company. From June
2022 to October 2024, Mr. Falk served as Chief Commercial Officer of Ilustrato Pictures International Inc., a Nevada corporation (OTC:
ILUS). From September 2020 to October 2022, Mr. Falk was the Chief Executive Officer of the Company. From 2013 through 2019, Mr. Falk
was Chief Executive Officer of Domino’s Pizza Denmark. Mr. Falk holds a Master of Arts in Educational Theory and Curriculum Studies:
Mathematics from Aarhus University. The Board of Directors of the Company believes that Mr. Falk is qualified to serve on the Company’s
Board of Directors due to his service to the Company in several senior executive roles since 2020 and extensive leadership experience
across the SaaS, FMCG, and energy sectors.
There
are no arrangements or understandings between Mr. Falk and any other persons pursuant to which he was selected as Chief Executive Officer.
There are no family relationships that exist between Mr. Falk and any directors or executive officers of the Company. In addition, there
has been no transaction, nor is there any currently proposed transaction, between Mr. Falk and the Company that would require disclosure
under Item 404(a) of Regulation S-K.
Item
7.01 Regulation FD Disclosure.
On
April 23, 2026, the Company released a press release announcing the resignation of Mr. Backwell and the appointment of Mr. Falk. A copy
of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The
information furnished pursuant to this Item 7.01 (including Exhibit 99.1 hereto), shall not be deemed “filed” for purposes
of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities
of that section, nor shall it be deemed incorporated by reference into any filing under the Exchange Act or the Securities Act of 1933,
as amended (the “Securities Act”), except as expressly set forth by specific reference in such a filing.
Forward-Looking
Statements
The
press release attached as Exhibit 99.1 hereto and the statements contained therein include “forward-looking statements” within
the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934,
as amended, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to future events
or the Company’s future financial or operating performance. In some cases, you can identify forward-looking statements because
they contain words such as “may,” “will,” “believes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “should,” “seeks,” “future,”
“continue,” “plan,” “target,” “predict,” “potential,” or the negative of
such terms or other comparable terminology. Forward-looking statements in this press release include, but are not limited to, statements
regarding the Company’s leadership transition, the expected impact of Mr. Falk’s appointment, the Company’s business
strategy, operational priorities, and future performance. Forward-looking statements relating to expectations about future results or
events are based upon information available to the Company as of the date of this press release and are not guarantees of future performance.
Actual results may vary materially from those discussed in these forward-looking statements as a result of various factors, including,
without limitation, the risk that the leadership transition may not yield anticipated benefits, the Company’s ability to execute
its business plan, market and competitive conditions, financing availability, regulatory developments, and other risks and uncertainties
described under Item 1A. “Risk Factors” and elsewhere in the Company’s Annual Report on Form 10-K filed with the Securities
and Exchange Commission (the “SEC”) on March 31, 2026, and in other filings with the SEC. Should any of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described as anticipated,
estimated or expected. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified
in their entirety by these cautionary statements. The Company undertakes no obligation to publicly update or revise any forward-looking
statements to reflect events or circumstances arising after the date of this press release, except as required by law.
Item
9.01 Financial Statements and Exhibits.
| Exhibit
No. |
|
Description |
| 99.1 |
|
Press Release dated April 23, 2026 |
| 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 thereunto duly authorized.
| Date:
April 23, 2026 |
QUALITY
INDUSTRIAL CORP. |
| |
|
| |
|
/s/
Carsten Kjems Falk |
| |
Name:
|
Carsten
Kjems Falk |
| |
Title:
|
Chief
Executive Officer and Interim Chief Financial Officer |
Exhibit
99.1
Quality
Industrial Corp. Announces CEO Transition
Carsten
Kjems Falk Appointed Chief Executive Officer
SAN
FRANCISCO, CA, April 23, 2026 - Quality Industrial Corp. (the “Company”) (OTCID: QIND), an industrial and energy-focused
company providing comprehensive solutions for the liquefied petroleum gas (“LPG”) industry, today announced the appointment
of Carsten Kjems Falk as Chief Executive Officer. Mr. Falk will continue to serve as Chief Financial Officer and a director of the Company.
The appointment follows the resignation of John-Paul Backwell as Chief Executive Officer, for personal and health reasons. Mr. Backwell
will continue to serve as a director of the Company.
Mr.
Falk has served as the Company’s Interim Chief Financial Officer and a director since August 2025. Since June 2025, Mr. Falk has
also served as Head of M&A of Fusion Fuel Green PLC (Nasdaq: HTOO). From October 2022 to August 2025, Mr. Falk served as Chief Commercial
Officer of the Company, and from September 2020 to October 2022, he previously served as Chief Executive Officer of the Company. Mr.
Falk has also held senior executive roles across the SaaS, FMCG, and energy sectors, including Chief Executive Officer of Domino’s
Pizza Denmark from 2013 through 2019.
“I
am honored to take on this expanded role at such an important time for the Company,” said Mr. Falk. “We remain focused on
disciplined execution, operational efficiency, and advancing our strategic priorities. I also remain committed to ensuring our ongoing
transactions are accomplished.”
Forward-Looking
Statements
This
press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange
Act. Forward-looking statements generally relate to future events or the Company’s future financial or operating performance. In
some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “believes,”
“expects,” “anticipates,” “estimates,” “projects,” “intends,” “should,”
“seeks,” “future,” “continue,” “plan,” “target,” “predict,” “potential,”
or the negative of such terms or other comparable terminology. Forward-looking statements in this press release include, but are not
limited to, statements regarding the Company’s leadership transition, the expected impact of Mr. Falk’s appointment, the
Company’s business strategy, operational priorities, and future performance. These statements are based on information available
to the Company as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ
materially from those expressed or implied. These risks and uncertainties include, among others, the risk that the leadership transition
may not yield anticipated benefits, the Company’s ability to execute its business plan, market and competitive conditions, financing
availability, regulatory developments, and other risks and uncertainties described in the Company’s filings with the Securities
and Exchange Commission, including its Annual Report on Form 10-K filed on March 31, 2026. The Company undertakes no obligation to update
or revise any forward-looking statements, except as required by law.
Contact
Quality
Industrial Corp.
505
Montgomery Street, San Francisco, CA 94111
Phone:
+1-800-706-0806
Email:
info@qualityindustrialcorp.com
Investor
Relations Website: qualityindustrialcorp.com
X:
@QualityIndCorp | @Fusion_Fuel
Source:
Quality Industrial Corp.
