04/16/2026 | Press release | Distributed by Public on 04/16/2026 05:31
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 9, 2026, Walter Geldenhuys, Chief Executive Officer, Interim Chief Financial Officer and sole member of the Board of Directors of Rivulet Entertainment, Inc. (the "Company"), appointed Michael Witherill to the Board of Directors of the Company. Subsequent to such appointment, on April 9, 2026, Mr. Geldenhuys resigned from his senior officer positions and from the Board of Directors of the Company. Mr. Geldenhuys did not resign as a result of a disagreement with the Company.
As of the date of this report, the Company does not have a separate audit, nominating or compensation committee. As such, Mr. Witherill has not been appointed to any specific committees. Further, during the two years ended June 30, 2025, Mr. Witherill provided certain film production services to the Company. In consideration for the services provided, Mr. Witherill was paid $391,000, of which $86,000 was still outstanding as of the date of the filing.