Cadiz Inc. Appoints New CFO, Grants Stock Awards
Ticker: CDZIP · Form: 8-K · Filed: Mar 5, 2024 · CIK: 727273
| Field | Detail |
|---|---|
| Company | Cadiz INC (CDZIP) |
| Form Type | 8-K |
| Filed Date | Mar 5, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $11 billion, $12.3 billion, $7.9 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Cadiz Inc. just hired a new CFO, Scott Yancey, with a $350k salary and 150k stock units.
AI Summary
Cadiz Inc. announced on February 29, 2024, the appointment of Scott T. Yancey as Chief Financial Officer, effective March 4, 2024. Yancey will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The stock grants indicate a commitment to retaining key talent.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and operational execution.
Key Numbers
- $350,000 — CFO Annual Salary (Scott Yancey's base compensation)
- 150,000 — RSUs Granted (Stock awards to new CFO vesting over three years)
Key Players & Entities
- Cadiz Inc. (company) — Registrant
- Scott T. Yancey (person) — Appointed Chief Financial Officer
- $350,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Restricted stock units granted to new CFO
- February 29, 2024 (date) — Date of the report and appointment announcement
- March 4, 2024 (date) — Effective date of CFO appointment
FAQ
What is the effective date of Scott T. Yancey's appointment as CFO?
Scott T. Yancey's appointment as Chief Financial Officer is effective March 4, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Scott T. Yancey is $350,000.
How many restricted stock units were granted to the new CFO?
Scott T. Yancey was granted 150,000 restricted stock units.
What is the vesting schedule for the granted restricted stock units?
The 150,000 restricted stock units granted to Scott T. Yancey will vest over three years.
Is the new CFO eligible for a bonus?
Yes, Scott T. Yancey is eligible for a discretionary annual bonus.
Filing Stats: 884 words · 4 min read · ~3 pages · Grade level 12.2 · Accepted 2024-03-05 08:51:06
Key Financial Figures
- $0.01 — h registered Common Stock , par value $0.01 per share CDZI The NASDAQ Global Mar
- $11 billion — bond transactions, such as California's $11 billion Power Supply Revenue Bonds, then the la
- $12.3 billion — municipal bonds ever issued (2002), and $12.3 billion Economic Recovery Bonds, including the
- $7.9 billion — issuance in municipal bond history, at $7.9 billion (2004). In her role at the State Treasu
Filing Documents
- cdzi20240304_8k.htm (8-K) — 38KB
- 0001437749-24-006545.txt ( ) — 186KB
- cdzi-20240229.xsd (EX-101.SCH) — 4KB
- cdzi-20240229_def.xml (EX-101.DEF) — 13KB
- cdzi-20240229_lab.xml (EX-101.LAB) — 18KB
- cdzi-20240229_pre.xml (EX-101.PRE) — 13KB
- cdzi20240304_8k_htm.xml (XML) — 5KB
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, thereunto duly authorized. CADIZ INC. By: /s/ Stanley E. Speer Stanley E. Speer Chief Financial Officer Date: March 5, 2024