Alpha Cognition Inc. Reports Board and Executive Changes
Ticker: ACOG · Form: 8-K · Filed: Oct 9, 2024 · CIK: 1655923
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Alpha Cognition Inc. shakes up board and exec pay. Big changes coming?
AI Summary
Alpha Cognition Inc. announced on October 8, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for its key executives. This report is filed under the Securities Exchange Act of 1934.
Why It Matters
Changes in a company's board and executive compensation can signal shifts in strategy, governance, or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts that may affect the company's future direction and stability.
Key Players & Entities
- Alpha Cognition Inc. (company) — Registrant
- October 8, 2024 (date) — Date of earliest event reported
- Securities Exchange Act of 1934 (legal_document) — Governing Act
- Neurodyn Cognition Inc. (company) — Former Company Name
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates changes in 'Directors or Certain Officers' and 'Appointment of Certain Officers', suggesting shifts in leadership positions, though specific roles are not detailed in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on October 8, 2024.
What is the primary business classification for Alpha Cognition Inc.?
Alpha Cognition Inc. is classified under 'BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES)' with SIC code 2836.
What was Alpha Cognition Inc.'s former company name?
Alpha Cognition Inc.'s former company name was Neurodyn Cognition Inc.
Under which act is this Current Report filed?
This Current Report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 672 words · 3 min read · ~2 pages · Grade level 10.6 · Accepted 2024-10-09 16:15:26
Key Financial Figures
- $4 billion — President, finance and accounting for a $4 billion healthcare REIT in Orange County, CA fr
Filing Documents
- ea0217222-8k_alphacog.htm (8-K) — 24KB
- 0001213900-24-086624.txt ( ) — 189KB
- acog-20241008.xsd (EX-101.SCH) — 3KB
- acog-20241008_lab.xml (EX-101.LAB) — 33KB
- acog-20241008_pre.xml (EX-101.PRE) — 22KB
- ea0217222-8k_alphacog_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On October 8, 2024, Alpha Cognition Inc. (the "Company") appointed Mr. Jay Yoo to act as the Company's interim Principal Accounting and Financial Officer effective October 2, 2024. Mr. Yoo, 47, has over 20 years of accounting and finance experience across technology, automotive, real estate, insurance, and consumer goods industries in Southern California. For the last 4 years, Mr. Yoo work as a financial reporting consultant for multiple publicly traded and privately held clients. Before entering the consulting role, Mr. Yoo served as Vice President, finance and accounting for a $4 billion healthcare REIT in Orange County, CA from 2017 to 2020. Mr. Yoo also served in various finance and accounting roles for large companies such as Hyundai Motor America, Ingram Micro, and Western Digital. Mr. Yoo is a certified Public Accountant in the state of California since 2007. Mr. Yoo currently is a consultant at CFO Vertical, LLC ("CFO Vertical"), since September 2024. CFO Vertical is an accounting and finance resource firm providing interim CFO and controller solutions. The Company engaged CFO Vertical to provide interim principal accounting and finance support. Mr. Yoo is not related by family to any director or other officer of the Company. There are no arrangements or understandings between Mr. Yoo and any other person pursuant to which he was selected as an officer. There are no transactions between the Company and Mr. Yoo required to be disclosed pursuant to Item 404(a) of Regulation S-K. The Company previously announced the resignation of Mr. Don Kalkofen as Chief Financial Officer on August 27, 2024, effective October 1, 2024. The Company had announced that Mr. Kalkofen would provide part-time services to the Company from October 1, 2024 through November 30, 2024. However, the Company and Mr. Kalkofen have mu
01 Financial Statements, Pro Forma
Item 9.01 Financial Statements, Pro Forma Financial Information and Exhibits. (d) Exhibits: Exhibit Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) SIGNATURE 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. ALPHA COGNITION INC. By: /s/ Michael McFadden Michael McFadden Chief Executive Officer Dated: October 9, 2024