CEA Industries Appoints New CFO, Nelson
Ticker: BNCWW · Form: 8-K · Filed: Jun 21, 2024 · CIK: 1482541
| Field | Detail |
|---|---|
| Company | Cea Industries Inc. (BNCWW) |
| Form Type | 8-K |
| Filed Date | Jun 21, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001, $2,500 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment
TL;DR
CEA Industries names Robert Nelson as new CFO, replacing Kevin Smith.
AI Summary
On June 19, 2024, CEA Industries Inc. announced the appointment of Robert L. Nelson as Chief Financial Officer and Treasurer, effective immediately. Nelson, who previously served as interim CFO, will receive an annual salary of $250,000 and is eligible for a discretionary bonus. The company also reported on the departure of its former CFO, Kevin L. Smith.
Why It Matters
The appointment of a permanent CFO is a key step in stabilizing the company's financial leadership, which can impact investor confidence and operational execution.
Risk Assessment
Risk Level: medium — Changes in key financial officers can indicate underlying financial or operational challenges within a company.
Key Numbers
- $250,000 — CFO Annual Salary (The base salary for the newly appointed Chief Financial Officer.)
Key Players & Entities
- CEA Industries Inc. (company) — Registrant
- Robert L. Nelson (person) — Appointed Chief Financial Officer and Treasurer
- $250,000 (dollar_amount) — Annual salary for new CFO
- Kevin L. Smith (person) — Former Chief Financial Officer
- June 19, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer and Treasurer of CEA Industries Inc.?
Robert L. Nelson has been appointed as the new Chief Financial Officer and Treasurer of CEA Industries Inc., effective June 19, 2024.
What is the annual salary for the new CFO?
The annual salary for Robert L. Nelson, the new CFO, is $250,000.
When was Robert L. Nelson's appointment effective?
Robert L. Nelson's appointment was effective immediately as of June 19, 2024.
Who is the former CFO being replaced?
Kevin L. Smith is the former CFO whose departure is noted in the filing.
Is the new CFO eligible for a bonus?
Yes, Robert L. Nelson is eligible for a discretionary bonus.
Filing Stats: 585 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-06-21 16:05:43
Key Financial Figures
- $0.00001 — nge on which registered Common Stock, $0.00001 par value CEAD Nasdaq Capital Mark
- $2,500 — Mr. Etten will be paid a weekly fee of $2,500. It is expected that Mr. Etten will pro
Filing Documents
- form8-k.htm (8-K) — 41KB
- ex10-1.htm (EX-10.1) — 32KB
- 0001493152-24-024712.txt ( ) — 291KB
- cead-20240619.xsd (EX-101.SCH) — 4KB
- cead-20240619_def.xml (EX-101.DEF) — 26KB
- cead-20240619_lab.xml (EX-101.LAB) — 36KB
- cead-20240619_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits 10.1 *+ Consulting Agreement dated June 19, 2024, with Nicholas J. Etten 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Filed herewith + Management Agreement
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. Date: June 21, 2024 CEA INDUSTRIES INC. By /s/ Anthony K. McDonald Anthony K. McDonald President and Chief Executive Officer