Western Acquisition Ventures Reports Board/Officer Changes, Comp. Arrangements
Ticker: CYCUW · Form: 8-K · Filed: Jan 29, 2024 · CIK: 1868419
Complexity: simple
Sentiment: neutral
Topics: leadership-change, compensatory-arrangements, corporate-governance
TL;DR
**Western Acquisition Ventures just reported leadership changes and new pay deals.**
AI Summary
Western Acquisition Ventures Corp. filed an 8-K on January 29, 2024, reporting an event that occurred on January 22, 2024. The filing indicates changes related to the departure or election of directors/officers and their compensatory arrangements, as well as financial statements and exhibits. This matters to investors because changes in leadership and compensation structures can signal shifts in company strategy or financial health, potentially impacting future stock performance.
Why It Matters
Changes in a company's leadership and executive compensation can directly influence its strategic direction and operational efficiency, which are key drivers of long-term stock value.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of the changes and their impact are not fully disclosed in this summary, making it a moderate risk.
Analyst Insight
A smart investor would monitor for subsequent filings or press releases from Western Acquisition Ventures Corp. that provide specific details on the leadership changes and compensatory arrangements, as these specifics will determine the actual impact on the company's future.
Key Numbers
- 001-42124 — SEC File Number (Identifies the company's registration with the SEC)
- 86-3720717 — IRS Employer Identification No. (Unique tax identification number for the company)
Key Players & Entities
- Western Acquisition Ventures Corp. (company) — Registrant filing the 8-K
- January 22, 2024 (date) — Date of earliest event reported
- January 29, 2024 (date) — Date of 8-K filing
- 001-42124 (dollar_amount) — Commission File Number
- 42 Broadway, 12th Floor, New York, NY 10004 (company) — Business address of Western Acquisition Ventures Corp.
- (310) 740-0710 (person) — Registrant's telephone number
Forward-Looking Statements
- Further details regarding the specific director/officer changes and compensatory arrangements will be disclosed in subsequent filings or company communications. (Western Acquisition Ventures Corp.) — high confidence, target: Q1 2024
FAQ
What was the earliest event reported in this 8-K filing by Western Acquisition Ventures Corp.?
The earliest event reported in this 8-K filing by Western Acquisition Ventures Corp. occurred on January 22, 2024.
What specific items are covered in this 8-K filing according to the 'ITEM INFORMATION' section?
The 'ITEM INFORMATION' section indicates that the filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.
What is the business address of Western Acquisition Ventures Corp. as stated in the filing?
The business address of Western Acquisition Ventures Corp. is 42 Broadway, 12th Floor, New York, NY 10004.
What is the Commission File Number for Western Acquisition Ventures Corp.?
The Commission File Number for Western Acquisition Ventures Corp. is 001-42124.
Under which SEC Act is this Form 8-K filed?
This Form 8-K is filed under the 1934 Act.
Filing Stats: 667 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-01-29 17:18:06
Key Financial Figures
- $0.001 — ck Market LLC Common stock, par value $0.001 per share WAVS The NASDAQ Stock Mar
- $11.50 — of common stock at an exercise price of $11.50 per share WAVSW The NASDAQ Stock Ma
Filing Documents
- tm244376d1_8k.htm (8-K) — 32KB
- 0001104659-24-007816.txt ( ) — 257KB
- wavs-20240122.xsd (EX-101.SCH) — 4KB
- wavs-20240122_def.xml (EX-101.DEF) — 27KB
- wavs-20240122_lab.xml (EX-101.LAB) — 38KB
- wavs-20240122_pre.xml (EX-101.PRE) — 26KB
- tm244376d1_8k_htm.xml (XML) — 7KB
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. Appointment of Ryan Selewicz as Director On January 18, 2024, the Board of Directors (the "Board") of Western Acquisition Ventures Corp. (the "Company"), appointed Ryan Selewicz as a director of the Company, effective immediately. Mr. Selewicz was appointed as a member of the Audit Committee of the Board. The Board has determined that Mr. Selewicz is an independent director in accordance with applicable rules of the U.S. Securities and Exchange Commission and the Nasdaq Stock Market LLC. Mr. Selewicz, 32, currently serves as the Vice President of E-Commerce at Greenlane Holdings, Inc., a seller of vaporizers and other products to businesses and consumers, where he oversees the company's direct-to-consumer online businesses and the technology platforms that support those businesses. Prior to taking this role, Mr. Selewicz served as Greenlane's Vice President of Technology Transformation following their merger with KushCo Holdings. In this role, Mr. Selewicz was responsible for the company's enterprise systems and played a key role in the integration of the IT systems post-merger. Prior to their merger with Greenlane, Mr. Selewicz served as Executive Vice President of Technology at KushCo Holdings, Inc., where he was responsible for the company's overall technology vision and strategy. No arrangement or understanding exists between Mr. Selewicz and any other person pursuant to which Mr. Selewicz was appointed as a director. There are no transactions in which Mr. Selewicz has an interest which would require disclosure under Item 404(a) of Regulation S-K.
01. Financial Statements and Exhibits
ITEM 9.01. 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 and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WESTERN ACQUISITION VENTURES CORP. Date: January 29, 2024 By: /s/ James P McCormick James P. McCormick, President and CEO