ITUP Interups Inc (CE)

ITEM 5.02—DEPARTURE OF DIRECTORS AND CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS

As of September 20, 2019, the Registrant is contemplating the appointment of Mr. Rahul Krishna as Interim Chief Human Resources Officer (“CHRO”). Mr. Krishna is a management expert and conglomerate business leader with deep, varied, and established industry credentials in Organization Development, Leadership Development, Change Management, Employer Branding and Communication. He was one of the youngest Human Resources Head of a Tata Group Company and also the youngest Head of Tata Administrative Services (“TAS”). He holds the distinction of taking TAS to the top position on the annual AC Neilsen Survey (now Nielsen Survey) of the most preferred employers at premium Business Schools in India during his tenure. Mr. Krishna has also worked as the Group Head for Organizational Development & Talent Management for the Avantha Group, valued at USD $4 billion with around 25,000 employees, where he established and successfully institutionalized the Avantha Development Centre and the “Avantha Way” by creating a common talent management framework across all nine Avantha Group Companies. He also has worked with leading multinational companies like Coca Cola and Seagram (now Pernod Ricard). As Interim CHRO for the Registrant, Mr. Krishna would be charged with developing the Registrant’s human resource framework and employer brand apart from running a comprehensive talent management framework for the Registrant.

Well versed in most leading behavioral and talent assessment tools, Mr. Krishna a certified Hogan Professional, a Lominger-certified learning agility professional, and a certified Barrett Values specialist. He is a graduate of Jawaharlal Nehru University, New Delhi and holds a master’s degree in Personnel Management from Pune University, India.

The Company is actively negotiating Mr. Rahul Krishna’s contractual terms of appointment and once finalized his engagement contract with the Registrant would be reported to the SEC as it mandates.

FORWARD LOOKING STATEMENTS

This Report on Form 8-K includes both historical and forward-looking statements, which includes information relating to future events, future financial performance, strategies, expectations, competitive environment and regulations. Words such as “may,” “shall”, “should,” “could,” “would,” “predicts,” “potential,” “continue,” “expects,” “anticipates,” “future,” “intends,” “intending”, “contemplating”, “plans,” “believes,” “estimates,” “hopefully” and similar expressions, as well as statements in future tense, present and past continuing, identify forward-looking statements. Such statements are intended to operate as “forward-looking statements” of the kind permitted by the Private Securities Litigation Reform Act of 1995, incorporated in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). That legislation protects such predictive statements by creating a “safe harbor” from liability in the event that a particular prediction does not turn out as anticipated. Forward-looking statements should not be read as a guarantee of future performance or results and will probably not be accurate indications of when such performance or results will be achieved. Forward-looking statements are based on information we have when those statements are made, or on our management’s good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.

The inclusion of the forward-looking statements should not be regarded as a representation by us, or any other person, that such forward-looking statements will be achieved. You should be aware that any forward- looking statement made by us in this Report on Form 8-K, or elsewhere, speaks only as of the date on which we make it. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on the forward-looking statements contained in this Report on Form 8-K.