OpGen Inc. Reports Board and Officer Changes
Ticker: CFOR · Form: 8-K · Filed: Dec 6, 2024 · CIK: 1293818
| Field | Detail |
|---|---|
| Company | Opgen Inc (CFOR) |
| Form Type | 8-K |
| Filed Date | Dec 6, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $50,000, $25,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, filing
TL;DR
OpGen filed an 8-K for board/officer changes and compensation details.
AI Summary
On December 4, 2024, OpGen, Inc. filed an 8-K report detailing changes in its board of directors and executive officers. The filing includes information on the election of new directors and the appointment of certain officers, as well as details regarding compensatory arrangements for these individuals. The report also contains financial statements and exhibits related to these corporate governance changes.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, operational focus, or financial direction, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty and signal potential strategic shifts, warranting closer investor scrutiny.
Key Players & Entities
- OpGen, Inc. (company) — Registrant
- December 4, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 23219 Stringtown Road, Suite 300 Clarksburg , MD 20871 (address) — Principal executive offices
FAQ
What specific changes were made to OpGen's board of directors?
The filing indicates the election of directors and departure of directors, but specific names of individuals are not detailed in the provided text.
Were there any new appointments of officers at OpGen?
Yes, the filing mentions the appointment of certain officers.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 4, 2024.
Where are OpGen's principal executive offices located?
OpGen's principal executive offices are located at 23219 Stringtown Road, Suite 300, Clarksburg, MD 20871.
What is the primary purpose of this 8-K filing?
This 8-K filing is to report current information regarding the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with financial statements and exhibits.
Filing Stats: 1,081 words · 4 min read · ~4 pages · Grade level 10.6 · Accepted 2024-12-06 17:03:26
Key Financial Figures
- $50,000 — r. Azudin will receive a base salary of $50,000 per year. Under the Azudin Consulting A
- $25,000 — t Ms. Tan will receive a base salary of $25,000 per year. Under the Consulting Agreemen
Filing Documents
- opgeninc_8k.htm (8-K) — 35KB
- opgeninc_ex10-1.htm (EX-10.1) — 33KB
- opgeninc_ex10-2.htm (EX-10.2) — 29KB
- 0001829126-24-008150.txt ( ) — 284KB
- opgn-20241204.xsd (EX-101.SCH) — 3KB
- opgn-20241204_lab.xml (EX-101.LAB) — 33KB
- opgn-20241204_pre.xml (EX-101.PRE) — 22KB
- opgeninc_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 4, 2024, the Board of Directors of OpGen, Inc. (the "Company") appointed Mohd Azham Azudin as Chief Operating Officer of the Company and Gillian Tan Rou Yee as Company Secretary of the Company. Mr. Azudin , age 52, has over 25 years of investment experience specifically in private equity, venture capital deals, and corporate advisory, including corporate structuring, finance and mergers and acquisitions. Since March 2023, he has served as Vice President of Group Investments and Corporate Advisory at AEI Capital Ltd. Mr. Azudin will retain such role, however, in such capacity, he will also serve as the Chief Operating Officer of the Company. Prior to his current role, from September 2022 to January 2023, Mr. Azudin served as the Lead Executioner for the Security Token Offering ("STO") Division at ATA Global Inc. US. From March 2021 to June 2021, Mr. Azudin was involved in the F&B Fund Framework and Conceptualization Paper at Articulate Fusion Sdn. Bhd. Mr. Azudin served as Vice President in Private Equity Investments at Malaysian Development Bank's Private Equity Management Company from 2007 to 2010 and as the Executive Vice President in Corporate Affairs at Quest MasteryAsia Group from 2017 to 2021. Mr. Azudin holds a chartered accountant designation from the Malaysia Institute of Accountants. In connection with his appointment, on December 4, 2024, the Company entered into a Consulting Agreement with Mr. Azudin (the "Azudin Consulting Agreement"), pursuant to which he will serve as the Chief Operating Officer. The Azudin Consulting Agreement provides that Mr. Azudin will receive a base salary of $50,000 per year. Under the Azudin Consulting Agreement, the Company may elect to pay such base salary, or a portion thereof, by granting Mr. Azudin equity securities of the Company. The foregoing summa
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.1 Consulting Agreement, dated December 4, 2024, by and between the Company and Mohd Azham Azudin 10.2 Consulting Agreement, dated December 4, 2024, by and between the Company and Gillian Tan Rou Yee 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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. Date: December 6, 2024 OpGen, Inc. By: /s/ John Tan Honjian Name: John Tan Honjian Title: Chairman and Chief Executive Officer 3