CPS Technologies Appoints New Director, Reports Officer Compensation
Ticker: CPSH · Form: 8-K · Filed: Jun 6, 2024 · CIK: 814676
Sentiment: neutral
Topics: governance, board-of-directors, executive-compensation
TL;DR
CPS Tech adds a new board member, Lerman, effective June 3rd.
AI Summary
CPS Technologies Corp. announced on June 3, 2024, a change in its board of directors. Specifically, Mr. Robert J. Lerman has been appointed as a new director, effective immediately. The company also reported on compensatory arrangements for its officers.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while updates on executive compensation are closely watched by investors.
Risk Assessment
Risk Level: low — This filing primarily concerns routine corporate governance and executive compensation matters, with no immediate financial distress or significant operational changes indicated.
Key Players & Entities
- CPS Technologies Corp. (company) — Registrant
- Robert J. Lerman (person) — Newly appointed director
- June 3, 2024 (date) — Effective date of director appointment
FAQ
Who is Robert J. Lerman and what is his background?
The filing does not provide specific details about Robert J. Lerman's background or qualifications beyond his appointment as a director.
What are the specific compensatory arrangements for officers mentioned?
The filing states that information regarding compensatory arrangements of certain officers is being reported, but the specific details are not included in this summary section of the 8-K.
Are there any other changes to the board of directors besides the appointment of Mr. Lerman?
The filing indicates the departure of directors or certain officers and the election of directors, but only explicitly names the appointment of Robert J. Lerman.
What is the significance of the 'Departure of Directors or Certain Officers' item?
This item signifies that there have been changes in the company's leadership, potentially involving resignations or terminations of directors or key officers.
When was the report filed and what is the earliest event date?
The report was filed on June 6, 2024, and the earliest event reported is dated June 3, 2024.
Filing Stats: 437 words · 2 min read · ~1 pages · Grade level 11.2 · Accepted 2024-06-06 08:39:49
Key Financial Figures
- $0.01 — ge on Which Registered Common Stock , $0.01 par value CPSH NASDAQ Capital Markets
Filing Documents
- cpsh20240605_8k.htm (8-K) — 19KB
- 0001437749-24-019397.txt ( ) — 146KB
- cpsh-20240603.xsd (EX-101.SCH) — 3KB
- cpsh-20240603_def.xml (EX-101.DEF) — 11KB
- cpsh-20240603_lab.xml (EX-101.LAB) — 15KB
- cpsh-20240603_pre.xml (EX-101.PRE) — 11KB
- cpsh20240605_8k_htm.xml (XML) — 3KB
From the Filing
cpsh20240605_8k.htm 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): June 3, 2024 CPS TECHNOLOGIES CORP. (Exact Name of Registrant as Specified in its Charter) Delaware 0-16088 04-2832509 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 111 South Worcester Street , Norton , Massachusetts 02766 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code): 508 - 222-0614 (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 (see General Instruction A.2. below): 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)). 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. Securities registered pursuant to Section(b) of the Act: Title of Each Class Trading Symbol(s) Name of Each Exchange on Which Registered Common Stock , $0.01 par value CPSH NASDAQ Capital Markets Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On June 3, 2024, Thomas Culligan informed the Company's Board of Directors (the "Board") of his intention to resign from the Board effective on June 21, 2024. Mr. Culligan's departure is not the result of any disagreement between Mr. Culligan and the Company or its management on any matter relating to the Company's operations, policies, or practices. Mr. Culligan has served on the Company's Board of Directors for ten years. 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 thereunto duly authorized. CPS Technologies Corporation (Registrant) Date: June 6, 2024 /s/ Charles Griffith Charles Griffith Chief Financial Officer