Bakkt Holdings Announces Director and Officer Changes
Ticker: BKKT-WT · Form: 8-K · Filed: Sep 22, 2025 · CIK: 1820302
| Field | Detail |
|---|---|
| Company | Bakkt Holdings, Inc. (BKKT-WT) |
| Form Type | 8-K |
| Filed Date | Sep 22, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance
TL;DR
Bakkt's board and execs are changing, effective Sept 17.
AI Summary
Bakkt Holdings, Inc. filed an 8-K on September 22, 2025, reporting changes effective September 17, 2025. The filing details the departure of directors or certain officers, the election of new directors, and the appointment of certain officers, along with information on compensatory arrangements for these officers.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- Bakkt Holdings, Inc. (company) — Registrant
- September 17, 2025 (date) — Effective date of reported changes
- September 22, 2025 (date) — Filing date of the 8-K
FAQ
Who are the specific directors or officers departing from Bakkt Holdings, Inc.?
The filing does not specify the names of the departing directors or officers, only that there were departures.
Who are the newly elected directors and appointed officers at Bakkt Holdings, Inc.?
The filing indicates the election of directors and appointment of officers but does not name them in the provided text.
What is the effective date of the reported changes in directors and officers?
The earliest event reported, including director and officer changes, was effective September 17, 2025.
What specific compensatory arrangements are detailed for the officers?
The filing mentions compensatory arrangements of certain officers but does not provide specific details in the excerpt.
What is the SEC form type and filing date for this report?
This is a Form 8-K, filed on September 22, 2025.
Filing Stats: 1,062 words · 4 min read · ~4 pages · Grade level 10.8 · Accepted 2025-09-22 08:00:35
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share BKKT The New York Stock Exc
Filing Documents
- bakkt-20250917.htm (8-K) — 34KB
- 0001628280-25-042251.txt ( ) — 193KB
- bakkt-20250917.xsd (EX-101.SCH) — 2KB
- bakkt-20250917_def.xml (EX-101.DEF) — 16KB
- bakkt-20250917_lab.xml (EX-101.LAB) — 28KB
- bakkt-20250917_pre.xml (EX-101.PRE) — 17KB
- bakkt-20250917_htm.xml (XML) — 4KB
From the Filing
bakkt-20250917 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) September 17, 2025 Bakkt Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39544 98-1550750 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 10000 Avalon Boulevard , Suite 1000 , Alpharetta , Georgia 30009 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: ( 678 ) 534-5849 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, par value $0.0001 per share BKKT The New York Stock Exchange Warrants to purchase Class A Common Stock BKKT WS The New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 17, 2025, De'Ana Dow resigned, effective immediately, as a director of Bakkt Holdings, Inc. (the "Company") and as a member of the Audit and Risk Committee of the Company's Board of Directors (the "Board"). Ms. Dow's resignation was not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices. Upon Ms. Dow's resignation from the Board, and in recognition of her service during the current annual director compensation cycle, 10,500 of Ms. Dow's unvested RSUs granted in respect of the current annual director compensation cycle vested on her separation date. On September 17, 2025, the Board, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Michael Alfred to serve as a Class II director, filling the vacancy created by Ms. Dow's resignation. The Board has determined that Mr. Alfred is independent and meets the applicable independence requirements of the New York Stock Exchange. There are no transactions between the Company and Mr. Alfred that would require disclosure under Item 404(a) of Regulation S-K. There are no understandings or arrangements between Mr. Alfred or any other person pursuant to which Mr. Alfred was selected to serve as a director of the Board. Mr. Alfred, age 44, is a private investor and advisor. Since 2021, he has served on the Board of Directors of IRENE Limited (NASDAQ: IREN), an AI data center developer and Bitcoin miner. Previously, he served as the Chief Executive Officer of Digital Assets Data, Inc., a financial technology and data company building enterprise-grade software and data feeds for the digital asset ecosystem, from when he co-founded the company in January 2018 through its sale to New York Digital Investment Group LLC in November 2020. Mr. Alfred has served as an Advisor to the Chief Executive Officer of Amenify Corporation, a real estate technology company, since July 2020. From October 2016 to January 2018, Mr. Alfred was a Managing Director and member of the five-person executive committee for Strategic Insight, Inc., a provider of data and software to the global asset management industry, which was acquired by Institutional Shareholder Services (ISS) in 2019. Prior to that, Mr. Alfred served as the Chief Executive Officer of BrightScope, Inc., a financial information company providing 401(k) analyses and tools for retirement plan participants, sponsors and advisors, from when he co-founded the company in February 2008 until it was acquired by Strategic Insight, Inc. in October 2016. Prior to co-founding BrightScope, Inc., Mr. Alfred served as Co-Founder and Portfolio Manager of Alfred Capital Management, LLC, a registered invest