Creative Realities Names New CEO, Director
Ticker: CREX · Form: 8-K · Filed: Jul 3, 2025 · CIK: 1356093
Sentiment: neutral
Topics: leadership-change, executive-appointment, director-election
Related Tickers: CREX
TL;DR
New CEO David Johnson takes the helm at Creative Realities, Inc. as Robert Bafundo departs.
AI Summary
Creative Realities, Inc. announced on July 3, 2025, the departure of Director Robert L. Bafundo and the election of new Director David R. Johnson. The company also appointed David R. Johnson as Chief Executive Officer and President, effective July 3, 2025. Additionally, the company entered into an employment agreement with Mr. Johnson, which includes a base salary of $350,000 and potential performance-based bonuses.
Why It Matters
The appointment of a new CEO and director signals a potential shift in leadership strategy and direction for Creative Realities, Inc.
Risk Assessment
Risk Level: medium — Leadership changes and new employment agreements can introduce uncertainty and impact future performance.
Key Numbers
- $350,000 — CEO Base Salary (Annual base salary for new CEO David R. Johnson.)
Key Players & Entities
- Creative Realities, Inc. (company) — Registrant
- Robert L. Bafundo (person) — Departing Director
- David R. Johnson (person) — Newly Elected Director and CEO
- $350,000 (dollar_amount) — David R. Johnson's base salary
FAQ
What is the effective date of David R. Johnson's appointment as CEO and President?
David R. Johnson's appointment as CEO and President is effective July 3, 2025.
Who has been elected as a new director to the board?
David R. Johnson has been elected as a new director to the board.
Who has departed from the board of directors?
Robert L. Bafundo has departed from the board of directors.
What is the base salary for the new CEO?
The base salary for the new CEO, David R. Johnson, is $350,000.
What is the filing date of this 8-K report?
The filing date of this 8-K report is July 3, 2025.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on July 3, 2025 by Robert L. Bafundo regarding CREATIVE REALITIES, INC. (CREX).