Filing Category: Executive/Director Change
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Analyst Summary
- Cindy Tang appointed as Chief Financial Officer of Cheetah Net Supply Chain Service Inc.
- Ms. Tang’s annual salary is $84,000, payable biweekly.
- Ms. Tang is eligible to receive shares of the Company’s Class A common stock worth $50,000 every 12 months of full-time service.
- The Company and Ms. Tang entered into an Employment Agreement and an Indemnification Agreement on February 18, 2025.
Potential Implications
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Analyst Summary
- Kenneth A. Hoxsie will not seek re-election at the 2025 annual meeting of stockholders.
- Hoxsie’s term expires at the 2025 Annual Meeting scheduled for May 15, 2025.
- His decision was voluntary and not the result of any disagreement with Franklin Street Properties Corp.
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Analyst Summary
- Tim Smith’s employment agreement includes a base salary of CAD$145,000 per annum, effective January 1, 2025, and eligibility for an annual incentive package.
- Tyler Wong’s employment agreement includes a base salary of CAD$72,500 per annum, effective January 1, 2025.
- Both agreements outline terms for termination, confidentiality, non-solicitation, and corporate opportunities.
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Analyst Summary
- Stephen Feinberg resigned from the Board of Directors on February 21, 2025.
- Frank Bruno was appointed as a member of the Board, effective February 21, 2025.
- Mr. Bruno was designated to the Board by Cerberus Capital Management, L.P. (CCM).
- Mr. Bruno is the Co-Chief Executive Officer and Senior Managing Director of CCM.
- Cerberus holds 151,818,680 shares of Class A common stock of the Company.
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Analyst Summary
- Alumis Inc. approved the Alumis Inc. Severance and Change in Control Plan on February 18, 2025.
- The Severance Plan provides severance and/or Change in Control benefits to Eligible Employees upon a qualifying termination of employment.
- Severance benefits include cash payments, Company-paid COBRA premium payments, and potential acceleration of unvested equity awards.
- Benefits vary depending on whether the termination occurs within or outside the Change in Control Period.
- Executive officers are eligible to receive acceleration of certain outstanding, unvested equity awards granted before the adoption of the Severance Plan.
Potential Implications
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Analyst Summary
- Kristopher R. Neff departed from Pool Corporation as Vice President, Strategy and Corporate Development effective February 18, 2025.
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Analyst Summary
- OSR Holdings, Inc. completed its business combination with OSR Holdings Co., Ltd. on February 14, 2025.
- The company issued 16,282,047 shares of Company common stock to the Participating Stockholders.
- Following the consummation of the Business Combination and the Share Exchange, the Company now owns approximately 67% of the outstanding OSR Common Stock.
- Kuk Hyoun Hwang beneficially held approximately 67.8% of the outstanding shares of the Company Common Stock as of the Closing Date.
- On February 18, 2025, the Company’s Common Stock and warrants commenced trading on Nasdaq under the symbols “OSRH” and “OSRHW,” respectively.
Potential Implications
Stock Price
- The Company’s Common Stock and warrants commenced trading on Nasdaq under the symbols “OSRH” and “OSRHW,” respectively on February 18, 2025.
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Analyst Summary
- Eric R. Van Lent appointed as Chief Accounting Officer (Principal Accounting/Financial Officer) effective February 15, 2025.
- Blair Jordan stepped down as Principal Accounting/Financial Officer on February 15, 2025, remaining as Chief Executive Officer.
- Executive Consulting Agreement entered into with Eric R. Van Lent and EVL Consulting, LLC, paying $8,000 per month for an average of 10 hours of work per week.
- Executive Consulting Agreement with Blair Jordan Strategy and Finance Consulting Inc. provides $240,000 per year for Blair Jordan’s services as Chief Executive Officer.
- 160,000 shares of restricted common stock granted to Blair Jordan, vesting in two tranches in 2026.
- 65,000 shares of restricted common stock issued to each of the four non-executive members of the Board of Directors, vesting in two tranches in 2025.
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Analyst Summary
- Gianluca Pettiti appointed as a new director to HP Inc.’s Board of Directors on February 21, 2025.
- The Board size increased from 14 to 15 authorized directorships.
- Pettiti qualifies as an independent director under NYSE listing standards.
- Pettiti appointed to the Finance, Investment and Technology Committee and HR and Compensation Committee.
- Non-employee directors receive an annual cash retainer of $105,000 and an annual equity retainer of $220,000.
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Analyst Summary
- Alex G. Whitney appointed as vice president and chief accounting officer, effective February 18, 2025.
- David Wold, senior vice president and chief financial officer, will no longer serve as principal accounting officer from February 18, 2025.
- Whitney’s 2024 compensation included a base salary of $257,500, a 35% annual cash incentive target, and $121,000 in restricted stock units.
- Whitney’s 2025 compensation is expected to be materially consistent with 2024.