Bakkt Holdings Announces Corporate Changes and Filings
Ticker: BKKT-WT · Form: 8-K · Filed: Mar 19, 2024 · CIK: 1820302
| Field | Detail |
|---|---|
| Company | Bakkt Holdings, Inc. (BKKT-WT) |
| Form Type | 8-K |
| Filed Date | Mar 19, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.0001, $500,000, $10.0 million, $1,280,083 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-election
Related Tickers: BKKT
TL;DR
Bakkt's board is changing, new execs coming in, and pay structures are being updated.
AI Summary
Bakkt Holdings, Inc. announced on March 18, 2024, a series of significant corporate actions. These include the election of new directors, the appointment of new officers, and adjustments to compensatory arrangements for certain officers. The company also filed financial statements and exhibits as part of this report.
Why It Matters
This filing indicates potential shifts in leadership and executive compensation at Bakkt Holdings, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in board composition and executive appointments can signal strategic shifts or internal challenges, warranting closer observation.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's financial reporting year.)
Key Players & Entities
- Bakkt Holdings, Inc. (company) — Registrant
- March 18, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-39544 (company_id) — Commission File Number
FAQ
Who are the newly elected directors and appointed officers?
The filing indicates the election of directors and appointment of officers but does not list their specific names in the provided text.
What are the specific changes to compensatory arrangements?
The filing mentions adjustments to compensatory arrangements for certain officers, but the details of these changes are not specified in the provided text.
What is the significance of filing financial statements and exhibits?
Filing financial statements and exhibits is a standard requirement for 8-K reports, providing updated financial information and supporting documentation to the SEC.
What was the former company name and date of name change?
The former company name was VPC Impact Acquisition Holdings, and the date of the name change was August 5, 2020.
What is Bakkt Holdings, Inc.'s Standard Industrial Classification (SIC) code?
Bakkt Holdings, Inc.'s SIC code is 6199, which falls under Finance Services.
Filing Stats: 1,856 words · 7 min read · ~6 pages · Grade level 11 · Accepted 2024-03-18 19:44:06
Key Financial Figures
- $0.0001 — stered Class A Common Stock, par value $0.0001 per share BKKT The New York Stock E
- $500,000 — n will receive an annual base salary of $500,000 and will be eligible to receive an annu
- $10.0 million — t, Mr. Main will be eligible to receive $10.0 million in service-based restricted stock units
- $1,280,083 — de to Mr. Michael a lump sum payment of $1,280,083, less applicable withholdings, which re
Filing Documents
- d794298d8k.htm (8-K) — 38KB
- d794298dex101.htm (EX-10.1) — 49KB
- d794298dex102.htm (EX-10.2) — 96KB
- d794298dex991.htm (EX-99.1) — 12KB
- 0001193125-24-070368.txt ( ) — 409KB
- bakkt-20240318.xsd (EX-101.SCH) — 4KB
- bakkt-20240318_def.xml (EX-101.DEF) — 14KB
- bakkt-20240318_lab.xml (EX-101.LAB) — 23KB
- bakkt-20240318_pre.xml (EX-101.PRE) — 15KB
- d794298d8k_htm.xml (XML) — 6KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Employment Agreement, dated March 18, 2024, by and between Bakkt Holdings, Inc. and Andrew Main 10.2* Release Agreement, dated March 18, 2024, by and between Bakkt Holdings, Inc. and Gavin Michael 99.1 Press release dated March 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Certain exhibits and schedules have been omitted from this filing pursuant to Item 601(a)(5) of Regulation S-K and will be furnished to the Securities and Exchange Commission upon request. SIGNATURE 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. BAKKT HOLDINGS, INC. By: /s/ Marc D'Annunzio Name: Marc D'Annunzio Title: General Counsel and Secretary Dated: March 18, 2024