Mark B. Lucky has amended his Schedule 13D filing regarding his position at Visium Technologies, Inc., indicating a significant development in the company's internal governance.

This amendment, filed on October 29, 2026, comes as Lucky has delivered a notice under his Executive Employment Agreement, stating that there are grounds for his resignation due to what he terms as "Good Reason." The filing clarifies that the company has an opportunity to address these issues, with the cure period now extended to November 25, 2026, or 30 days after the formation of a special committee of independent directors.

Background

Lucky Mark Burdon, identified by CIK 0001392431, is associated with Visium Technologies, Inc. (CIK 0001082733), a company engaged in services related to computer programming. The company is incorporated in Florida and has undergone several name changes in its history. The most recent filing prior to this was on October 29, 2026, with a Schedule 13D/A.

What the Filing Says

The filing states, "The Reporting Person intends, as sole director, to fix the number of directors at three and to elect two directors who are independent of him." It also mentions that Lucky has proposed a mutual separation agreement with the company, although no agreement has been reached.

Impact

This development may affect the governance structure of Visium Technologies and its shareholders, particularly as the company navigates internal challenges. The amendment highlights the need for independent oversight and could influence the company's operations and strategic direction.

What's Next

The filing does not say what happens next. However, the situation remains fluid as the company seeks to address the concerns raised by Lucky and the formation of the independent committee is anticipated.