Item 5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
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On
July 31, 2018 and Christian Winzenried resigned as a director of SPGX and Dr. Philip Grothe consented to and was appointed as
an additional director of SPGX, by consent resolutions of the board of directors.
Also,
on July 31, 2018, Christian Winzenried resigned as the Chief Financial Officer of SPGX and Stefan Mühlbauer consented to
and was appointed the Chief Financial Officer of SPGX by the board of directors.
The
board of directors and management of SPGX currently consists of Stefan Mühlbauer as a director and as the Chief Executive
Officer, the Chief Financial Officer, the Treasurer, the Corporate Secretary and the Chief Communications Officer of SPGX, Lilibeth
Fani Grunder as a director of SPGX, and Dr. Philip Grothe as a director of SPGX.
Stefan
Mühlbauer (40 years old) has been the Chief Communications Officer of SPGX and a director of SPGX since February 2017, and
has been the Treasurer and Corporate Secretary of SPGX since January 2018, and was the Chief Financial Officer of SPGX from January
to May 2018, and has been since being reappointed in August 2018. During the past five years, Mr. Mühlbauer has
served
as CEO of Arma Communications Inc, a business development and marketing Agency in Naples, Florida since 2013. Additionally Mr.
Mühlbauer
serves as managing partner for Eagle Run Capital Inc. Previously,
Mr.
Mühlbauer
held positions with several leading investment banks in Europe.
Mr.
Mühlbauer
was the Chief Operating Officer at Silvia Quandt & Cie AG
where he was responsible for building up the institution’s research and corporate finance activities. Mr.
Mühlbauer
received his degree in Finance from the University of Miami
.
Lilibeth
Fani Grunder (37 years old) has been a director of SPGX since May 2018. During the past five years, Ms. Fani Grunder has been
an account operations specialist with Nike in Switzerland and previous to that CEO of Timet in Zurich Switzerland.
Dr.
Philip Grothe (42 years old) was a director of SPGX from January 2017 to May 2018, and was reappointed a director in August 2018,
and was the President and Chief Executive Officer of SPGX and from January 2017 to February 2017. During the past five years,
Dr. Grothe has been the CEO of alimex Group since 2014. Prior to joining alimex he was partner and shareholder of Simon, Kucher
& Partners, a top management consultancy focusing on strategy, marketing, pricing and sales. Dr. Grothe started his career
at Deloitte Consulting where he worked as a manager and project leader in numerous marketing and sales projects. He graduated
in Economics and obtained his PhD in Strategic Management.
SPGX
does not have any committees, and therefore no directors or officers have served or do serve on any committees, other than the
audit committee, which the three directors currently are members. Christian Winzenried did not resign as a result of any disagreement
with SPGX.
During
the past three years, none of the current directors or officers have served as a director of any listed companies.
There
is no family relationship among the directors or officers of SPGX. However, Ms. Fani Grunder is the sister of Christopher Grunder,
a principal shareholder of SPGX.
During
the last two years, there has been no transaction or proposed transaction that SPGX was or is a party to in which any of the current
directors or officers had or is to have a direct or indirect material interest, except for the Services Agreement dated August
1, 2017 between SPGX and Dr. Philip Grothe. See Exhibit 10.7 - Services Agreement for more details.
SPGX
has not entered into any material plan, contract, or arrangement (whether or not written) with any of any of current directors
or officers.