The extended cure period and proposed mutual separation indicate Lucky is seeking a negotiated exit while preserving board oversight. The formation of a special independent committee is the key catalyst to watch; if constituted quickly, it may accelerate a resolution. If no agreement is reached by March 1, 2027, his resignation would become effective, triggering a leadership vacuum.
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Executive Summary
Mark B. Lucky, CFO and sole director of Visium Technologies, filed Amendment No. 2 to his Schedule 13D to correct the cure period for his 'good reason' resignation notice and to clarify his board composition plans. He extended the cure period to the later of November 25, 2026 or 30 days after a special committee of independent directors is formed (but no later than March 1, 2027). He also proposed a mutual separation to the company and certain shareholders, but no agreement has been reached.
Key Financial Metrics
Key Facts
- Mark B. Lucky beneficially owns 119,746,869 shares (9.43% of common stock) as of October 28, 2026.
- He extended the cure period for his 'good reason' resignation to the later of November 25, 2026 or 30 days after a special independent committee is formed, but no later than March 1, 2027.
- He intends to expand the board to three members with two independent directors and establish a special committee to handle related-party matters.
- He proposed a mutual separation to the Issuer, PT Smart Green Technologies and Adler Capital Limited, under which he would resign and keep his securities; no agreement has been reached.
- He has not resigned and remains CFO and sole director.
Financial Impact
No direct financial impact; the filing updates governance and employment terms.
Risk Factors
- If Lucky resigns, the company loses its CFO and sole director, creating governance and operational uncertainty.
- The company's reliance on a single director and officer highlights significant key-person risk.
- No agreement has been reached on a mutual separation, leaving the timeline for resolution uncertain.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001654954-26-009241 |
| Document: 0001654954-26-009241-index.html | 0001654954-26-009241 |
| Document: 0001654954-26-009241.txt | 0001654954-26-009241 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 today | 8-K | $0.000500 | awaiting T+20 | awaiting T+20 | $0.000400 (+20.00%) |
Oct 29, 2026 1d ago | SC 13D/A | $0.000400 | awaiting T+20 | awaiting T+20 | $0.000400 (−0.00%) |
Oct 29, 2026 1d ago | SC 13D/A | $0.000400 | awaiting T+20 | awaiting T+20 | $0.000400 (−0.00%) |
Oct 28, 2026 2d ago | SC 13D/A | $0.000500 | awaiting T+20 | awaiting T+20 | $0.000400 (−20.00%) |
Sep 29, 2026 4w ago | NT 10-K | $0.000700 $0.000200 | ▲ +71.43% | ▲ +72.09% | $0.000400 (+42.86%) |
Sep 16, 2026 6w ago | 8-K | $0.000700 $0.000600 | ▼ −14.29% | ▼ −17.73% | $0.000400 (−42.86%) |
Jun 10, 2026 20w ago | 8-K | $0.002200 $0.002300 | ▲ +4.55% | ▲ +1.95% | $0.000400 (−81.82%) |
Apr 30, 2026 26w ago | 8-K | $0.002800 $0.001900 | ▼ −32.14% | ▼ −37.11% | $0.000400 (−85.71%) |
Apr 16, 2026 28w ago | 8-K | $0.002000 $0.002500 | ▲ +25.00% | ▲ +19.18% | $0.000400 (−80.00%) |
Apr 15, 2026 28w ago | 8-K | $0.002000 $0.002500 | ▲ +25.00% | ▲ +19.18% | $0.000400 (−80.00%) |
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