On May 22, 2017, Christopher Grunewald resigned as Chief Executive Officer of Spotlight Innovation Inc. (the Company). Also on May 22, 2017 John Krohn was appointed Interim Chief Executive Officer of the Company, in addition to him continuing to serve as Chairman of the Board of Directors, President and Chief Operating Officer of the Company. Pursuant to Mr. Grunewalds resignation, the Company issued Mr. Grunewald a warrant to purchase 500,000 shares of Common Stock of the Corporation with an exercise price of $1.25 per share for a term of three years. Mr. Grunewald also agreed to cancel 1,618,627 shares of Common Stock of the Company previously owned by Mr. Grunewald. Mr. Grunewald will remain with the Company in an advisory capacity.
On May 24, 2017, Dr. June Beetler was appointed to the Board of Directors of the Company. Dr. Beetler is Board Certified in Pediatrics and has over 20 years of experience in general practice and urgent care settings. Her experience and expertise span general pediatrics, integrative medicine and holistic care. She currently holds a medical license in Florida and practices at St. Petersburg Pediatrics in St. Petersburg, Florida. Before relocating to Florida, Dr. Beetler maintained her own practice, Johnston Pediatric Clinic, P.C., for 18 years, and was a staff physician at Iowa Lutheran Hospital, Iowa Methodist Medical Center, and Mercy Medical Center - Des Moines.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SPOTLIGHT INNOVATION INC.
Dated: May 24, 2017
/s/ John William Pim
John William Pim
Chief Financial Officer
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