SafeSpace Global names new chief financial officer
SafeSpace Global Corporation appointed Michael L. Hrynuik as chief financial officer effective June 15, 2026, following the resignation of prior principal accounting officer Scott M. Boruff.
Rhea-AI Filing Summary
SafeSpace Global Corporation appointed Michael L. Hrynuik as chief financial officer effective June 15, 2026, following the resignation of prior principal accounting officer Scott M. Boruff. Hrynuik is a veteran capital markets executive with more than 20 years of experience in equity financings and strategic transactions.
Under his employment agreement, Hrynuik will receive a restricted stock award of 2,000,000 shares of common stock, vesting as set out in the agreement, a base monthly salary of $16,667, and an initial target annual bonus equal to 30% of his annual salary. The full employment agreement is filed as an exhibit.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Restricted stock award: 2,000,000 shares
Base monthly salary: $16,667
Target annual bonus: 30% of annual salary
+3 more
6 metrics
Restricted stock award
2,000,000 shares
CFO employment agreement equity grant
Base monthly salary
$16,667
CFO cash compensation under employment agreement
Target annual bonus
30% of annual salary
Initial bonus target for CFO
Par value per share
$0.000001 per share
Common stock par value referenced in grant
CFO age
55 years
Age of newly appointed chief financial officer
Appointment effective date
June 15, 2026
Effective date of CFO appointment and resignation of prior officer
Key Terms
restricted stock award, principal accounting officer, emerging growth company, Regulation S-K, +1 more
5 terms
restricted stock award financial
"a grant of a restricted stock award for 2,000,000 shares of the Company’s common stock"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
principal accounting officer financial
"The Company’s prior principal accounting officer was Scott M. Boruff, who resigned"
The Principal Accounting Officer is the person responsible for making sure a company's financial records are accurate and follow the rules. They play a key role in preparing financial reports that show how well the company is doing. This helps investors, managers, and regulators trust the company's financial information.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Regulation S-K regulatory
"No information is required to be disclosed with respect to Mr. Hrynuik pursuant to Item 404(a) of Regulation S-K."
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
FINRA Series 7 financial
"Mr. Hrynuik holds FINRA Series 7, 24, 63, and 79 licenses"
FINRA Series 7 is the professional qualification and license that lets a brokerage representative buy and sell a broad range of investments—stocks, bonds, mutual funds and other securities—on behalf of clients, comparable to a driver’s license for financial advisers. It matters to investors because passing the exam shows the adviser has met regulator-set knowledge and competency standards, enabling oversight and helping clients judge that their broker understands products, rules and basic risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What leadership change did SafeSpace Global (SSGC) disclose on June 15, 2026?
SafeSpace Global appointed Michael L. Hrynuik as its new chief financial officer, effective June 15, 2026. He replaces prior principal accounting officer Scott M. Boruff, who resigned the same day while remaining chief executive officer and chairman of the board.
What equity compensation is SafeSpace Global (SSGC) granting its new CFO?
SafeSpace Global granted CFO Michael Hrynuik a restricted stock award of 2,000,000 shares of common stock. These shares will vest according to a schedule detailed in his employment agreement, filed as Exhibit 10.1 to the current report on Form 8-K.
What is Michael Hrynuik’s salary and bonus structure at SafeSpace Global (SSGC)?
Michael Hrynuik will receive a base monthly salary of $16,667 as CFO of SafeSpace Global. His employment agreement also includes an initial target annual bonus equal to 30% of his annual salary, subject to the terms and performance criteria set by the company.
What is Michael Hrynuik’s professional background before joining SafeSpace Global (SSGC)?
Before joining SafeSpace Global, Michael Hrynuik held senior roles at Reva Capital Markets, Freedom Capital Markets, and Deer Isle Capital. He focused on equity capital markets, capital formation, mergers and acquisitions, and strategic transactions for public and private companies.
Where can investors find the full terms of SafeSpace Global’s (SSGC) CFO employment agreement?
Investors can review the complete employment agreement between SafeSpace Global and Michael Hrynuik in Exhibit 10.1. The company files this agreement with the Form 8-K and incorporates its terms by reference into the current report’s description.
AI-generated analysis. How Rhea-AI works. Not financial advice.
