Karl Jamil Sweis, a director of DS HEALTHCARE GROUP, INC., has just filed an initial statement of beneficial ownership where 36,765 shares of DS HEALTHCARE GROUP, INC. were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Sweis. Sweis operates out of Pompano Beach, FL. Some additional info was provided as follows:
On May 8, 2015, the board of directors of the Company appointed Karl Sweis as director of the Company. The Company has agreed to issue Mr. Sweis up to 5,000 shares of restricted common stock for serving on the board of directors. Such shares shall vest in four (4) equal tranches over a period of twelve (12) months from his date of appointment. The remaining 31,765 shares were
acquired by Mr. Sweis prior to his appointment as a director.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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