Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On March 6, 2020, Mordechai Bignitz resigned as Chief Executive Officer and
director of OWC Pharmaceutical Research Corp. (the "Company") and its
wholly-owned Israeli subsidiary, One World Cannabis Ltd ("One World Cannabis").
The Company's Board of Directors expressed its gratitude to Mr. Bignitz for his
six years of service to the Company and wished him success in his future
endeavors.
(c) On March 6, 2020, the Registrant appointed Mr. Zvi Riterband as Chief
Executive Officer of the Registrant and One World Cannabis.
Zvi Riterband, age 59, specializes in optimization of company rights and assets
in multi jurisdiction companies. Mr. Riterband served as director and CEO of
EZTD, Inc. from 2017 to 2020 and served as General Manager of AMERIS Holdings
Ltd. from 2015 to 2017.
Mr. Riterband completed his studies at the Technion - Israel Institute of
Technology and has 25 years of experience managing international companies in
the industrial and financial sectors including public held companies as Chip
P.C. Ltd, Nia, Sefen, Transtech Airport Solutions and Bikur Cholim Hospital in
Jerusalem.
Mr. Riterband will receive a base salary of $10,000 per month for a minimum
period of six (6) months.
(d) On March 6, 2020, the Registrant Board of Directors appointed Mr. Riterband
to the Board of Directors and its Audit Committee.
© Edgar Online, source Glimpses
OWC PHARMACEUTICAL RESEARCH CORP. 
