Form type: 8-K
Filing date: 2022-04-29
Report date: 2022-04-25
Accepted: 2022-04-29 13:11 UTC
Items: 5.02,7.01,9.01
Description: N/A
Document: form8-k.htm
Format: html (XBRL)
Size: 52.0 KB
Download status: downloaded
Current Report (8-K)
0001493152-22-011486 — Filed 2022-04-29
Sean Wallace was appointed Executive Vice President and Chief Financial Officer effective May 10, 2022, replacing retiring Thomas Severson, bringing over 35 years of finance and banking experience including prior roles at JP Morgan and Cogent Communications. Wallace's compensation package includes a $250,000 annual base salary plus 700,000 restricted stock units, consisting of 400,000 time-based units vesting annually and 300,000 performance-based units tied to specified capital raising targets, along with standard severance and acceleration provisions in case of qualifying termination.