Amesite Inc. Appoints New CEO and CFO
Ticker: AMST · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1807166
Sentiment: neutral
Topics: executive-change, leadership-transition, board-of-directors
TL;DR
Amesite just swapped out its CEO and CFO, bringing in new blood to lead the charge.
AI Summary
Amesite Inc. announced on November 20, 2024, a significant change in its board of directors. Dr. Michael J. Smith has been appointed as the new Chief Executive Officer and a member of the Board of Directors, effective immediately. Additionally, Mr. Joshua R. Smith has been appointed as Chief Financial Officer and a member of the Board of Directors. These appointments follow the resignation of Ann M. Marie, who previously held the CEO position.
Why It Matters
The appointment of new leadership, including a CEO and CFO, can signal a strategic shift or a response to performance issues, impacting the company's future direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions, especially CEO and CFO, can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- Amesite Inc. (company) — Registrant
- Dr. Michael J. Smith (person) — Appointed CEO and Board Member
- Mr. Joshua R. Smith (person) — Appointed CFO and Board Member
- Ann M. Marie (person) — Resigned CEO
- November 20, 2024 (date) — Effective date of appointments
FAQ
Who has been appointed as the new CEO of Amesite Inc.?
Dr. Michael J. Smith has been appointed as the new Chief Executive Officer of Amesite Inc.
When were the new executive appointments effective?
The appointments of Dr. Michael J. Smith and Mr. Joshua R. Smith were effective November 20, 2024.
Who previously held the CEO position at Amesite Inc.?
Ann M. Marie previously held the CEO position at Amesite Inc. before her resignation.
What other key executive position was filled in this filing?
Mr. Joshua R. Smith was appointed as the new Chief Financial Officer (CFO) of Amesite Inc.
What is the principal executive office address for Amesite Inc.?
The principal executive offices of Amesite Inc. are located at 607 Shelby Street Suite 700 PMB 214, Detroit, MI 48226.
Filing Stats: 734 words · 3 min read · ~2 pages · Grade level 9.6 · Accepted 2024-11-26 16:30:14
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share AMST The Nasdaq Stock Mar
- $4,000 — mber 15, 2024 at a fixed monthly fee of $4,000. There are no family relationships betw
Filing Documents
- ea0222669-8k_amesite.htm (8-K) — 27KB
- ea022266901ex10-1_amesite.htm (EX-10.1) — 28KB
- 0001213900-24-102861.txt ( ) — 235KB
- amst-20241120.xsd (EX-101.SCH) — 3KB
- amst-20241120_lab.xml (EX-101.LAB) — 33KB
- amst-20241120_pre.xml (EX-101.PRE) — 22KB
- ea0222669-8k_amesite_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 20, 2024, the board of directors (the "Board") of Amesite Inc. (the "Company") authorized and approved the appointment of Sarah Berman as Principal Financial and Accounting Officer of the Company effective December 15, 2024. In connection with Ms. Berman's appointment, the Board determined not to renew the engagement of Sherlyn W. Farrell, who previously served as the Company's Chief Financial Officer since December 15, 2022. On November 20, 2024, the Company entered into a CFO Agreement with Ms. Berman (the "Berman CFO Agreement"), a copy of which is filed as Exhibit 10.1 hereto. Pursuant to the Berman CFO Agreement, Ms. Berman shall serve as the Principal Financial and Accounting Officer of the Company for a term of one year commencing on December 15, 2024 at a fixed monthly fee of $4,000. There are no family relationships between Ms. Berman and any other director or officer of the Company. Ms. Berman has not engaged in any transactions described in Item 404(a) of Regulation S-K. The foregoing description of the Berman CFO Agreement is not complete and is qualified in its entirety by reference to the full text of the Berman CFO Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein. Set forth below is the biographical information of Ms. Berman, as required by Item 401 of Regulation S-K. Ms. Berman is a Certified Public Accountant and has extensive experience in accounting, auditing and record-keeping for public and private companies. In June 2019, Ms. Berman founded Better Books Consulting ("Better Books"), an accounting advisory firm. Prior to Better Books, Ms. Berman served as Senior Accountant at Big Red's Equipment from January 2018 through June 2019. Ms. Berman also previously served as Senior Audit Manager at Turner
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits Exhibits Exhibit No. Description 10.1 Berman CFO Agreement 104 Cover Page Interactive Data File (embedded within Inline XBRL document) -1-
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. AMESITE INC. Date: November 26, 2024 By: /s/ Ann Marie Sastry, Ph.D. Ann Marie Sastry, Ph.D. Chief Executive Officer -2-