UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 10, 2020

SAVE FOODS, INC.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

Raoul Wallenberg 20, Tel Aviv, Israel, 6971916

(Address of principal executive offices) (Zip Code)

Tel: (323) 744 7579

(Registrant’s telephone number, including area code)

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

Securities registered pursuant to Section 12(b) of the Act:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company [  ]

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

Appointment of David Palach as Co-Chief Executive Officer

On November 5, 2020, the board of directors of Save Foods, Inc. (the “Board” and the “Company”, respectively) appointed Mr. David Palach, to serve as co-Chief Executive Officer of the Company, effective as of the same date.

In connection with Mr. Palach’s appointment to the Board, the parties entered into a Consulting Agreement pursuant to which the Company and Mr. Palach agreed upon, inter alia, the following engagement terms: (a) a monthly retainer of $8,000, and (b) a grant of options to purchase shares of the Company’s common stock, which amount shall be determined by the Board on a future date.

Family Relationships

Mr. Palach does not have family relationships with any of the current officers or directors of the Company.

Business Experience

Mr. David Palach (55), currently owns and serves as chief executive officer of two private companies in the environmental industry, which positions he has held since 2010. In 2008, Mr. Palach joined B-pure Corp Ltd. and served as its chief executive officer until 2010. From 1995 until 2008, Mr. Palach worked at Intel Technologies where he served in various commercial, business development and finance-centric positions. Mr. Palach holds a BBA in Accounting from Baruch College/City University of New York and completed a Directors Course at Bar Ilan University in Israel. Mr. Palach previously maintained a certified public accounting license in the State of Maryland.

Related Party Transactions

There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.

Item 8.01. Other Events.

On November 10, 2020, the Company issued a press release announcing the appointment of Mr. Palach to the Board and providing related information, a copy of which is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.