Cenntro Inc. Relocates HQ, Reports Officer/Director Changes
Ticker: CENN · Form: 8-K · Filed: Mar 5, 2024 · CIK: 1707919
| Field | Detail |
|---|---|
| Company | Cenntro INC. (CENN) |
| Form Type | 8-K |
| Filed Date | Mar 5, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $91,555 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, filing-update
TL;DR
Cenntro moved its HQ to NJ and made some exec changes. #CorporateMoves
AI Summary
Cenntro Inc. announced on March 1, 2024, a change in its principal executive offices to 501 Okerson Road, Freehold, New Jersey 07728. This filing also indicates updates regarding the departure or election of directors and officers, as well as compensatory arrangements for certain officers.
Why It Matters
A change in principal executive offices can signal operational shifts or strategic realignments for the company. Updates on officer and director roles are crucial for understanding corporate governance and leadership.
Risk Assessment
Risk Level: low — The filing primarily reports administrative and corporate governance changes, with no immediate financial distress or significant operational disruption indicated.
Key Players & Entities
- Cenntro Inc. (company) — Registrant
- 501 Okerson Road, Freehold, New Jersey 07728 (location) — New Principal Executive Offices
FAQ
What is the new address for Cenntro Inc.'s principal executive offices?
The new address for Cenntro Inc.'s principal executive offices is 501 Okerson Road, Freehold, New Jersey 07728.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 1, 2024.
Under which section of the Securities Exchange Act of 1934 is this 8-K filed?
This 8-K is filed pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934.
What are the main topics covered in this 8-K filing?
This filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, in addition to financial statements and exhibits.
In which state was Cenntro Inc. incorporated?
Cenntro Inc. was incorporated in Nevada.
Filing Stats: 656 words · 3 min read · ~2 pages · Grade level 10.4 · Accepted 2024-03-05 16:13:56
Key Financial Figures
- $0.0001 — hange on which registered Comon Stock, $0.0001 par value per share CENN The Nasdaq
- $91,555 — cting CFO with annual compensation of US$91,555 to fill the vacancy created by Mr. Chen
Filing Documents
- ef20023229_8k.htm (8-K) — 29KB
- 0001140361-24-011405.txt ( ) — 165KB
- cenn-20240301.xsd (EX-101.SCH) — 4KB
- cenn-20240301_lab.xml (EX-101.LAB) — 22KB
- cenn-20240301_pre.xml (EX-101.PRE) — 16KB
- ef20023229_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 1, 2024, Edmond Cheng, the chief financial officer ("CFO") of Cenntro Inc. (the "Company"), notified the Board of Directors of the Company (the "Board") of his intention not to renew his employment agreement with the Company and his service as CFO to the Company ended March 1, 2024. Mr. Cheng's decision was not the result of any disagreement between Mr. Cheng and the Company on any matters relating to the Company's operations, policies or practices. Mr. Cheng will continue to provide advisory services to the Company until March 31, 2024. Additionally, on March 1, 2024, the Board appointed Edward Ye, the corporate controller of the Company to serve as the Company's acting CFO with annual compensation of US$91,555 to fill the vacancy created by Mr. Cheng effective as of March 1, 2024. Mr. Ye, age 33, is a seasoned financial executive who joined the Company in 2019 as Financial Director to the Company before becoming acting CFO. Prior to joining the Company, Mr. Ye was a Senior Associate at Deloitte Touche Tohmatsu Limited ("Deloitte") from September 2012 to August 2017 where he assisted in the completion of initial public offerings in the US and Hong Kong. At Deloitte, Mr. Ye served a multitude of clients in industries such as education, manufacturing, energy and resources, retail, customer service, real estate, transportation, and telecommunications. Mr. Ye earned a Bachelor's degree in Accounting from Hong Kong Baptist University and a Master of Science in Corporate Finance from Bayes Business School of the City, University of London, (formally known as, the Case Business School).
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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. Dated: March 5, 2024 Cenntro Inc. By: /s/ Peter Z. Wang Peter Z. Wang Chief Executive Officer