SCWorx Corporation

11/04/2024 | Press release | Distributed by Public on 11/04/2024 05:03

Management Change/Compensation Form 8 K

Item 5.02, Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officer.

Resignation of Directors

On October 31, 2024, Alton Irby and Steven Horowitz, resigned from the Board of Directors and from their positions as members of the Audit, Compensation and Nominating and Corporate Committees of SCWorx Corp (the "Company").

Appointment of New Directors

On October 31, 2024, Michael Burke and Troy Kirchenbauer were appointed to the Board of Directors of SCWorx, Corp., a Delaware corporation. Each of Messrs. Burke and Kirchenbauer constitute "independent directors" within the meaning of applicable rules of the Nasdaq Stock Market. Each of them was also appointed to serve on the Audit, Compensation and Nominating Committees of the Board of directors. Mr. Burke was appointed Chairman of the Audit Committee and Mr. Kirchenbauer was appointed Chairman of the Compensation Committee. Mr Kirchenbauer was appointed Chairman of the board, to serve in such capacity until the next annual meeting of shareholders.

After giving effect to the foregoing appointments, the composition of each Committee of the Board of Directors is as follows:

Audit Committee:

Michael Burke

Vincent Matozzo

Troy Kirchenbauer

Compensation Committee:

Troy Kirchenbauer

Michael Burke

Vincent Matozzo

Nominating and Corporate Governance Committee:

Vincent Matozzo

Michael Burke

Troy Kirchenbauer

Compensation for each of Messrs. Burke and Kirchenbauer is to be determined at a later time.

Michael Burke

Mr. Burke was formerly the Executive Vice President and CFO of Prisma Health from 2018-2022. Prior to Prisma Health Mr. Burke served as CFO of NYU Langone Medical Center from December 2008 to July 2018 and formerly served as CFO to Tufts New England Medical Center from 2004 to 2008. His experience with disaster recovery, large financial system integration projects, and mergers and acquisitions at each institution provides valuable insights to clients as they manage in this ever-changing healthcare environment.

Prior to Tufts, Mr. Burke worked as the Chief Financial Officer of Duke University Hospital and was also a Senior Manager at KPMG. Mr. Burke graduated from St. John Fisher University with a BS, Accounting.