ALT5 Sigma Corp Reports Director, Officer, and Financial Updates
Ticker: ALTS · Form: 8-K · Filed: Aug 30, 2024 · CIK: 862861
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
TL;DR
ALT5 Sigma Corp filed an 8-K detailing board/officer changes and financial docs.
AI Summary
ALT5 Sigma Corporation announced on August 26, 2024, changes related to its board of directors and officers, including the election of new directors and potential adjustments to compensatory arrangements. The company also filed financial statements and exhibits as part of this report.
Why It Matters
Changes in board composition and officer appointments can signal shifts in company strategy or governance, while financial statement filings provide crucial insights into the company's performance.
Risk Assessment
Risk Level: medium — 8-K filings often contain material information that can impact stock price, and changes in leadership or financial reporting warrant close attention.
Key Players & Entities
- ALT5 Sigma Corporation (company) — Registrant
- August 26, 2024 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 325 E. Warm Springs Road, Suite 102, Las Vegas, NV 89119 (address) — Business and mailing address
FAQ
What specific changes were made regarding directors or officers?
The filing indicates changes related to the departure of directors or certain officers, election of directors, and appointment of certain officers, as well as updates to compensatory arrangements.
What is the exact date of the earliest event reported in this 8-K?
The date of the earliest event reported is August 26, 2024.
What is ALT5 Sigma Corporation's state of incorporation?
ALT5 Sigma Corporation is incorporated in Nevada.
What other items are included in this 8-K filing besides director and officer changes?
The filing also includes Regulation FD Disclosure and Financial Statements and Exhibits.
What was ALT5 Sigma Corporation's former name?
The filing mentions former company names: JanOne Inc. and APPLIANCE RECYCLING CENTERS OF AMERICA INC /MN.
Filing Stats: 1,750 words · 7 min read · ~6 pages · Grade level 11.7 · Accepted 2024-08-30 13:47:17
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share ALTS The NASDAQ Sto
- $150 million — that time, he restructured in excess of $150 million in debt and facilitated a $35 million a
- $35 million — $150 million in debt and facilitated a $35 million asset purchase for a Canadian public co
- $1 billion — opoulos has successfully completed over $1 billion in M&A, divestitures, and financing tra
- $420,000 — ement"), his annual base salary will be $420,000 (the "Base Salary"). Between August 26,
- $35,000 — 4 and the Start Date, we will pay Peter $35,000 for his consulting services during that
- $20 million — ayable to the Company's stockholders is $20 million or less; (ii) 2% of the net, aggregate
- $50 million — sh exceeds $20 million but is less than $50 million; (iii) 2.5% of the incremental net, agg
- $100 million — sh exceeds $50 million but is less than $100 million; and (iv) 3% of the incremental net, ag
- $100 m — holders, if such cash equals or exceeds $100 million, in each case in the same form of
- $15,000 — ation of the Employment Agreement up to $15,000. A copy of the Employment Agreement is
Filing Documents
- jan-20240826.htm (8-K) — 37KB
- alt5sigmacorporationpetert.htm (EX-10.116) — 174KB
- alt5pressreleaseceoappoint.htm (EX-99.1) — 14KB
- 0001628280-24-038941.txt ( ) — 395KB
- jan-20240826.xsd (EX-101.SCH) — 2KB
- jan-20240826_lab.xml (EX-101.LAB) — 23KB
- jan-20240826_pre.xml (EX-101.PRE) — 13KB
- jan-20240826_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On August 26, 2024, we issued a press release announcing the employment of Mr. Tassiopoulos as Chief Executive Officer of the Company. A copy of the press release is furnished as Exhibit 99.1 hereto . The information in this Item 7.01 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, and shall not be deemed incorporated by reference into any of our filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by reference in such filing. Section 9 – Financial Statements and Exhibits
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.116 Employment Agreement, dated August 26, 2024. 99.1 Press Release, dated August 26, 2024. 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, we have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. JanOne Inc. By: /s/ Tony Isaac Name: Tony Isaac Title: Chief Executive Officer Dated: August 30, 2024