reAlpha Tech Corp. Files 8-K on Director Changes and Compensation
Ticker: AIRE · Form: 8-K · Filed: Jul 12, 2024 · CIK: 1859199
| Field | Detail |
|---|---|
| Company | Realpha Tech CORP. (AIRE) |
| Form Type | 8-K |
| Filed Date | Jul 12, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, executive-compensation, board-of-directors
TL;DR
reAlpha filed an 8-K: new directors elected, exec comp updated. Watch for details.
AI Summary
On July 12, 2024, reAlpha Tech Corp. filed an 8-K report detailing changes in its board of directors and executive compensation. The filing includes the election of new directors and updates to compensatory arrangements for certain officers, though specific names and dollar amounts for these arrangements are not detailed in this summary section of the filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may impact future performance and strategy.
Key Players & Entities
- reAlpha Tech Corp. (company) — Registrant
- July 12, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 001-41839 (file_number) — SEC File Number
- 86-3425507 (irs_number) — IRS Employer Identification Number
- 6515 Longshore Loop, Suite 100, Dublin, OH 43017 (address) — Principal Executive Offices
- (707) 732-5742 (phone_number) — Business Phone
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and departure of directors or certain officers, but the specific names and details of these changes are not provided in the initial summary of the 8-K.
What are the details of the updated compensatory arrangements for certain officers?
The 8-K filing mentions updates to compensatory arrangements for certain officers, but the specific details, including dollar amounts or terms, are not elaborated upon in the provided summary.
When was reAlpha Tech Corp. incorporated?
reAlpha Tech Corp. was incorporated in Delaware.
What is the principal executive office address for reAlpha Tech Corp.?
The principal executive office is located at 6515 Longshore Loop, Suite 100, Dublin, OH 43017.
What is the SEC file number for reAlpha Tech Corp.?
The SEC file number for reAlpha Tech Corp. is 001-41839.
Filing Stats: 609 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-07-12 17:00:26
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share AIRE The Nasdaq Stock Mar
Filing Documents
- ea0209357-8k_realpha.htm (8-K) — 27KB
- 0001213900-24-061074.txt ( ) — 198KB
- aire-20240712.xsd (EX-101.SCH) — 3KB
- aire-20240712_lab.xml (EX-101.LAB) — 33KB
- aire-20240712_pre.xml (EX-101.PRE) — 22KB
- ea0209357-8k_realpha_htm.xml (XML) — 4KB
02 Departure
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 12, 2024, reAlpha Tech Corp. (the "Company") terminated the employment of Michael Frenz as the Company's Chief Financial Officer (and principal financial and accounting officer), effective immediately. In connection with his termination, the Company expects to enter into a separation agreement with Mr. Frenz, which will include a general release of claims, customary confidentiality and non-disparagement provisions and provide for a severance cash payment in an amount to be determined by the Company. On the same date, the Company appointed Michael J. Logozzo, the Company's Chief Operating Officer and President, to serve as its interim Chief Financial Officer (and principal financial and accounting officer), effective immediately, while the Company conducts its search for Mr. Frenz's permanent successor. There will be no change to Mr. Logozzo's compensation arrangements with the Company as a result of this appointment. There are no other arrangements or understandings between Mr. Logozzo and any other person pursuant to which he was appointed to the position of interim Chief Financial Officer of the Company, and Mr. Logozzo is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K. There is no family relationship between Mr. Logozzo and any director, executive officer, or person nominated or chosen by the Company to become a director or executive officer of the Company.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 1 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 12, 2024 reAlpha Tech Corp. By: /s/ Giri Devanur Giri Devanur Chief Executive Officer 2