iQSTEL approved amendments increasing CEO Leandro Jose Iglesias' cash compensation and granting Series B preferred share awards to both Leandro Jose Iglesias and Álvaro Quintana Cardona, subject to shareholder approval.
| IndividualLeandro Jose IglesiasÁlvaro Quintana Cardona | RoleChief Executive OfficerChief Financial Officer | Type of ChangeAmendment to Employment Agreement (cash and equity compensation)Amendment to Employment Agreement (equity compensation) | Effective DateCash changes effective July 7, 2026; equity changes effective upon shareholder approvalEquity changes effective upon shareholder approval | ReasonIncorporates relocation allowance and recognizes relocation expensesNot disclosed | Replacement InfoNot disclosedNot disclosed | Background DetailsMonthly base salary increased from $31,000 to $37,800; two-month cash performance bonus approved for relocation; annual bonus timing flexibility addedAnnual bonus timing flexibility added | Board/Committee Role ChangesNot disclosedNot disclosed | Equity Grant (FY-2025)20,000 Series B Preferred Shares (subject to stockholder approval)14,000 Series B Preferred Shares (subject to stockholder approval) | Equity Replacement DetailsReplaces prior annual equity up to 1,000,000 common shares with up to 50,000 Series B Preferred Shares per year (subject to approval)Replaces prior annual equity up to 800,000 common shares with up to 50,000 Series B Preferred Shares per year (subject to approval) |
Original SEC Filing:
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