Allient Inc. Appoints New CFO, Elects Directors
Ticker: ALNT · Form: 8-K · Filed: May 22, 2024 · CIK: 46129
| Field | Detail |
|---|---|
| Company | Allient INC (ALNT) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $375,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment, board-election
Related Tickers: ALNT
TL;DR
Allient Inc. finally got a CFO! Muldowney steps up from interim role. Board shakeup too.
AI Summary
Allient Inc. announced on May 22, 2024, the appointment of Michael J. Muldowney as Chief Financial Officer, effective immediately. Muldowney previously served as the Interim CFO and brings extensive financial leadership experience to the role. The company also reported on the election of new directors and changes in its executive compensation arrangements.
Why It Matters
The appointment of a permanent CFO is a significant step in stabilizing the company's financial leadership, which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: medium — Changes in executive leadership and board composition can indicate underlying issues or strategic shifts that may pose risks to the company's future performance.
Key Players & Entities
- Allient Inc. (company) — Registrant
- Michael J. Muldowney (person) — Appointed Chief Financial Officer
- May 22, 2024 (date) — Effective date of appointment and report filing
- Colorado (jurisdiction) — State of Incorporation
FAQ
Who has been appointed as the new Chief Financial Officer of Allient Inc.?
Michael J. Muldowney has been appointed as the new Chief Financial Officer of Allient Inc.
When was the appointment of the new CFO effective?
The appointment of Michael J. Muldowney as CFO was effective immediately as of May 22, 2024.
What was Michael J. Muldowney's previous role at Allient Inc.?
Michael J. Muldowney previously served as the Interim Chief Financial Officer of Allient Inc.
What other key items are reported in this 8-K filing?
The filing also reports on the election of directors and changes to compensatory arrangements of certain officers.
What is the state of incorporation for Allient Inc.?
Allient Inc. is incorporated in Colorado.
Filing Stats: 1,596 words · 6 min read · ~5 pages · Grade level 13.2 · Accepted 2024-05-22 17:02:00
Key Financial Figures
- $375,000 — t provides for an annual base salary of $375,000 that may be reviewed annually for incre
Filing Documents
- alnt-20240522x8k.htm (8-K) — 39KB
- 0001558370-24-008578.txt ( ) — 156KB
- alnt-20240522.xsd (EX-101.SCH) — 3KB
- alnt-20240522_lab.xml (EX-101.LAB) — 15KB
- alnt-20240522_pre.xml (EX-101.PRE) — 10KB
- alnt-20240522x8k_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits. The following exhibit is filed herewith: 10.1 Form of Employment Agreement (Entered into with James A. Michaud dated April 29, 2024) (Incorporated by reference to Exhibit 10.2 to the Company's Form 8-K filed March 23, 2021). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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. Date: May 22, 2024 ALLIENT INC. By: /s/ Jackson Trostle Jackson Trostle Corporate Controller