Earth Science Tech, Inc. has made a significant leadership change with the resignation of Chief Financial Officer Ernesto L. Flores, effective October 25, 2026. This move comes at a critical time for the company as it navigates its operations in the pharmaceutical preparations industry.
Flores, who also served as a member of the Board of Directors and the Board's Compensation Committee, notified the company of his decision to step down. Importantly, his resignation was not due to any disagreements regarding the company's operations or policies. The company expressed gratitude for Flores' service during his tenure.
In the wake of Flores' departure, Giorgio R. Saumat, the company's Chief Executive Officer, will assume the roles of principal financial officer and principal accounting officer on an interim basis until a successor is appointed. This transition in leadership raises questions about the company's future financial strategies and operational direction.
Earth Science Tech, Inc. is a Florida-based company specializing in pharmaceutical preparations, operating under the ticker symbol ETST on the OTCQB exchange. The company has recently been active in filing various reports with the SEC, including a series of 8-K filings that provide updates on its operations and governance.
The latest filing, dated October 26, 2026, indicates that Flores will remain available to assist the company as a consultant, particularly in completing the independent auditor's review and filing of the Quarterly Report for the quarter ended September 30, 2026.
This leadership change comes at a time when the pharmaceutical preparations sector is experiencing significant scrutiny and competition. Other companies in the sector will be observing how Earth Science Tech manages this transition and whether it will impact their own strategies.
Looking ahead, the company has not specified what the next steps will be regarding the appointment of a new CFO. The industry will be keen to see how this change affects Earth Science Tech's operational effectiveness and market position.
For further details, the full resignation letter of Ernesto L. Flores is attached as Exhibit 17.1 in the filing.