Banzai International Appoints New CFO
Ticker: BNZIW · Form: 8-K · Filed: May 31, 2024 · CIK: 1826011
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Banzai International names Christopher Davison as new CFO, salary $250k.
AI Summary
Banzai International, Inc. announced on May 29, 2024, the appointment of Christopher L. Davison as Chief Financial Officer, effective immediately. Davison previously served as the Chief Financial Officer of Banzai's former parent company, 7GC & Co. Holdings Inc. He will receive an annual base salary of $250,000 and is eligible for a discretionary bonus.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, with no immediate financial distress or significant operational changes indicated.
Key Numbers
- $250,000 — CFO Annual Salary (Base compensation for the newly appointed Chief Financial Officer.)
Key Players & Entities
- Banzai International, Inc. (company) — Registrant
- Christopher L. Davison (person) — Appointed Chief Financial Officer
- $250,000 (dollar_amount) — Annual base salary for CFO
- 7GC & Co. Holdings Inc. (company) — Former parent company
FAQ
What is Christopher L. Davison's new role at Banzai International, Inc.?
Christopher L. Davison has been appointed as the Chief Financial Officer of Banzai International, Inc.
When was Christopher L. Davison's appointment effective?
The appointment of Christopher L. Davison as Chief Financial Officer was effective immediately as of May 29, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Christopher L. Davison is $250,000.
Did the new CFO previously work for Banzai International, Inc.?
Christopher L. Davison previously served as the Chief Financial Officer of Banzai's former parent company, 7GC & Co. Holdings Inc.
Is the new CFO eligible for a bonus?
Yes, Christopher L. Davison is eligible for a discretionary bonus.
Filing Stats: 431 words · 2 min read · ~1 pages · Grade level 11.2 · Accepted 2024-05-31 17:01:06
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share BNZI The Nasdaq Global Ma
- $11.50 B — A common stock at an exercise price of $11.50 BNZIW The Nasdaq Capital Market Indica
Filing Documents
- d41249d8k.htm (8-K) — 24KB
- 0001193125-24-151942.txt ( ) — 181KB
- bnzi-20240529.xsd (EX-101.SCH) — 3KB
- bnzi-20240529_def.xml (EX-101.DEF) — 14KB
- bnzi-20240529_lab.xml (EX-101.LAB) — 23KB
- bnzi-20240529_pre.xml (EX-101.PRE) — 14KB
- d41249d8k_htm.xml (XML) — 6KB
From the Filing
8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 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): May 29, 2024 Banzai International, Inc. (Exact name of registrant as specified in its charter) Delaware 001-39826 85-3118980 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 435 Ericksen Ave , Suite 250 Bainbridge Island , Washington 98110 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: ( 206 ) 414-1777 (Former name or former address, if changed since last report) 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: Written communications 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 BNZI The Nasdaq Global Market Redeemable Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 BNZIW The Nasdaq Capital Market 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. Item5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 29, 2024, Ashley Levesque advised Banzai International, Inc. of her decision to resign from her position as Vice President of Marketing. Ms. Levesque's resignation is effective at the close of business on June 7, 2024. 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. Dated: May 31, 2024 BANZAI INTERNATIONAL, INC. By: /s/ Joseph Davy Joseph Davy Chief Executive Officer