Mitesco, Inc. 8-K

What Happened

• Mitesco, Inc. announced on March 9, 2026 that its Board of Directors appointed Brian Valania to the Board and named him Chief Executive Officer and Chief Financial Officer. Valania served as General Manager of the company’s Centcore, LLC subsidiary (July 2024–March 2026) and has 20+ months in that GM role. His background includes independent cloud and SAP consulting (Sept 2020–May 2024) and prior sales roles at SNP, Experian, and Dun & Bradstreet.
• The company was advised on January 11, 2026 that director Jim Clifton would resign once a qualified replacement was appointed; the filing states there were no disagreements and Clifton remains a shareholder and will assist as available.
• The company issued a press release on March 10, 2026 describing the management and board changes (included as an exhibit to the 8-K).

Key Details

• Appointment date: March 9, 2026 — Brian Valania named Director, CEO and CFO.
• Past compensation: Valania was paid under a consulting agreement at $120,000 per year; $60,000 was paid in FY2025 and $60,000 remains payable when the Board determines sufficient resources are available.
• Director pay: No director compensation plan has been established for FY2026, so no director compensation has been awarded yet.
• Governance: All officers and directors are subject to the Company’s Code of Ethics; a resignation letter from Jim Clifton is filed as an exhibit.

Why It Matters

• Leadership: Naming an internal executive as CEO and CFO concentrates top operating and financial control in one person, which can speed decision-making and signal continuity in the company’s cloud and data-center strategy led by Centcore.
• Financial/cash impact: The company has an outstanding $60,000 obligation to Valania from his consulting agreement and has not yet set FY2026 director compensation — items investors may watch for in future disclosures.
• Governance and continuity: The filing reports no disagreements with the departing director and includes a press release and resignation letter, providing transparency about board composition and management changes.