Banzai International Announces Board and Executive Changes
Ticker: BNZIW · Form: 8-K · Filed: Sep 13, 2024 · CIK: 1826011
Sentiment: neutral
Topics: management-change, compensation, board-of-directors
Related Tickers: BNZI
TL;DR
Banzai International shakes up leadership and compensation - new directors in, exec pay adjusted.
AI Summary
Banzai International, Inc. announced on September 9, 2024, changes in its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key personnel. Specific details regarding the individuals involved and the exact nature of the compensatory changes are outlined within the report.
Why It Matters
Changes in a company's leadership and compensation structures can signal shifts in strategy, operational focus, or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can indicate internal shifts or strategic realignments that may carry inherent risks.
Key Numbers
- 001-39826 — SEC File Number (Identifies the company's filing with the SEC.)
- 85-3118980 — IRS Number (Company's Employer Identification Number.)
Key Players & Entities
- Banzai International, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 7GC & Co. Holdings Inc. (company) — Former company name
- September 9, 2024 (date) — Date of earliest event reported
FAQ
What specific roles have been affected by the departure of officers or directors?
The filing indicates the departure of certain officers and directors, with specific roles detailed within the full report.
Who are the newly elected directors?
The election of new directors is noted, and their identities are provided in the detailed sections of the filing.
What are the key changes in compensatory arrangements for officers?
The report addresses adjustments to the compensatory arrangements for certain officers, with specifics available in the full document.
When was the former company name '7GC & Co. Holdings Inc.' officially changed?
The date of the name change from '7GC & Co. Holdings Inc.' to Banzai International, Inc. was September 24, 2020.
What is the business address of Banzai International, Inc.?
The business address is 435 Ericksen Ave, Suite 308250, Bainbridge Island, WA 98110.
Filing Stats: 462 words · 2 min read · ~2 pages · Grade level 12.1 · Accepted 2024-09-13 16:00:14
Key Financial Figures
- $0.0001 — tered 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 Indic
Filing Documents
- form8-k.htm (8-K) — 41KB
- 0001493152-24-036191.txt ( ) — 262KB
- bnzi-20240909.xsd (EX-101.SCH) — 4KB
- bnzi-20240909_def.xml (EX-101.DEF) — 30KB
- bnzi-20240909_lab.xml (EX-101.LAB) — 36KB
- bnzi-20240909_pre.xml (EX-101.PRE) — 27KB
- form8-k_htm.xml (XML) — 6KB
From the Filing
UNITED 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): September 9, 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. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On September 9, 2024, Mr. Bill Bryant resigned from his positions as a director of the board of directors (the " Board ") of the Company, and as a member of the audit committee (the " Audit Committee ") and compensation committee (the " Compensation Committee "), effective immediately. Mr. Bryant's resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices. 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: September 13, 2024 BANZAI INTERNATIONAL, INC. By: /s/ Joseph Davy Joseph Davy Chief Executive Officer