Aura Systems Inc. Reports Board and Compensation Changes
Ticker: AUSI · Form: 8-K · Filed: Jun 12, 2024 · CIK: 826253
| Field | Detail |
|---|---|
| Company | Aura Systems Inc (AUSI) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
Related Tickers: AURA
TL;DR
Aura Systems (AURA) filed an 8-K detailing board changes and executive comp updates effective 6/11.
AI Summary
Aura Systems, Inc. announced on June 12, 2024, a change in its board of directors and executive compensation arrangements. Specifically, the company elected a new director and updated its compensatory plans for certain officers, effective June 11, 2024. The filing details these changes in corporate governance and executive remuneration.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, or financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — This filing is a routine corporate disclosure regarding board and compensation changes, with no immediate financial distress or significant operational risk indicated.
Key Players & Entities
- AURA SYSTEMS, INC. (company) — Registrant
- June 12, 2024 (date) — Date of Report
- June 11, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 20431 North Sea Circle Lake Forest , CA 92630 (address) — Principal executive offices
- 3106435300 (phone_number) — Registrant's telephone number
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of a director, but the specific name and details of the election are not provided in the provided text snippet.
What are the key details of the updated compensatory arrangements for certain officers?
The filing states that there are updates to compensatory arrangements for certain officers, but the specific details of these arrangements are not included in the provided text snippet.
When were these changes to the board and compensation arrangements effective?
The changes were effective as of June 11, 2024.
What is the principal executive office address for Aura Systems, Inc.?
The principal executive office is located at 20431 North Sea Circle, Lake Forest, CA 92630.
What is the filing date of this Current Report?
The filing date of this Current Report is June 12, 2024.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2024-06-11 20:21:15
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share AUSI OTC Pink Open Market
Filing Documents
- ea0207697-8k_aurasys.htm (8-K) — 24KB
- 0001213900-24-051851.txt ( ) — 190KB
- ausi-20240612.xsd (EX-101.SCH) — 3KB
- ausi-20240612_lab.xml (EX-101.LAB) — 33KB
- ausi-20240612_pre.xml (EX-101.PRE) — 22KB
- ea0207697-8k_aurasys_htm.xml (XML) — 3KB
02 Departure
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (b) Departure of Mr. Gary Campbell On June 5, 2024, Gary Campbell resigned his role as Chief Financial Officer of Aura Systems Inc. (the "Company"), effective immediately. Mr. Campbell's resignation was not due to any disagreement with the Company on any matter relating to its operations, policies or practices. The Company has initiated an executive search to identify a Chief Financial Officer with the financial sophistication necessary to help drive and execute on the Company's long-term strategic growth plan. (c) Appointment of Ms. Flavia Di Nino as Interim Chief Financial Officer In connection with Mr. Campbell's resignation, the Company's Board appointed Flavia Di Nino as the Company's interim Chief Financial Officer, effective June 11, 2024, until a permanent replacement is identified. Ms. Di Nino is 56 years old and has 25 years of experience with top Fortune 500 companies in Accounting and Reporting, Finance, supporting Sales and Marketing, FP&A; US and foreign GAAP, IFRS; Strategic Planning, Audit, SOX, Fraud, Treasury, Forex, Supply Chain; ERP implementation: SAP, Oracle, Hyperion; HFM; PeopleSoft; NetSuite. Significant experience in LATAM, EMEA, Asia Pac, Australia/NZ and North America. There are no arrangements or understandings between Fabia Di Nino and any other persons pursuant to which she was selected as interim Chief Financial Officer. There are no family relationships between Ms. Nino and any director or executive officer of the Company, and there are no related transactions between the Company and Fabia Di Nino that would require disclosure under Item 404(a) of Regulations S-K under the Securities Exchange Act of 1934, as amended. 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. Dated: June 12, 2024 By: /s/ Cipora Lavut Cipora Lavut President 2