Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
April 20, 2021, Thomas Bray notified Novo Integrated Sciences, Inc. (the “Company”) of his intent to resign as the Company’s
Principal Financial Officer, effective immediately. On April 20, 2021, Company’s Board of Directors appointed Sterling Jimenez,
Ph.D., as the Company’s Principal Financial Officer. Dr. Jimenez will also serve as the Company’s principal accounting officer.
Dr.
Jimenez, age 46, also serves as the Vice-President, Finance for Novo Healthnet Limited, a wholly owned subsidiary of the Company (“NHL”).
Dr. Jimenez brings over 25 years of international corporate finance and operational experience, which includes directing accounting and
finance functions, corporate financial planning and analysis, risk modelling, valuation, mergers and acquisitions, cash flow management,
internal and external reporting, and the ongoing evaluation and analysis of corporate financial activity.
From
2020 to 2021, Dr. Jimenez served as the Director, Finance and Operations at Acenzia Inc., a Health Canada and FDA licensed nutraceuticals
and supplements manufacturer. From 2018 to late 2019, Dr. Jimenez served as the Senior Business Analyst for risk, valuation, marketing,
and operations at LiveWell Foods Inc. Canada, a nutraceuticals, CBD , and food manufacturing distribution company.
From
September 2012 to April 2021, Dr. Jimenez was a post-graduate professor for Université de Bordeaux teaching corporate finance,
financial risk, mergers and acquisitions, and financial research. In addition, through Université de Bordeaux’s international
delocalized doctoral and master’s degree program, Dr. Jimenez taught at universities worldwide. From March 2003 to February 2018,
Dr. Jimenez served as a consultant at SJR Financial Consulting, a finance and operations consulting firm located in the Caribbean, providing
corporate finance for large manufacturing companies, risk modelling for banks, and project investment analysis for international entities
pursuing investments in the Caribbean and the Dominican Republic.
In
2012, Dr. Jimenez earned his Ph.D. in Management Sciences, Financial and Economic Risks, from the Université de Bordeaux, Bordeaux
IV Montesquieu, Bordeaux, France.
From
2008 to 2020, Dr. Jimenez served as Treasurer and as a Board of Directors member for The National Capital Freenet (NCF), the first Canadian
ISP and the largest non-profit ISP community organization in Canada. From 2019 to 2020, Dr. Jimenez served on the Board of Directors
and as Chair of the Treasuring Committee for The Prime Ministers’ Row Museum, the first street museum project in North America.
Dr.
Jimenez holds a degree in Business Administration, Corporate Finance and Accounting from Pontificia Universidad Católica Madre
y Maestra, Santo Domingo, Dominican Republic.
The
Company agreed to pay Dr. Jimenez an annual base salary of CAD$90,000 (approximately $72,040).