Digital Brands Group CFO Resigns
Ticker: DBGI · Form: 8-K · Filed: Jun 7, 2024 · CIK: 1668010
Sentiment: neutral
Topics: cfo-departure, management-change
Related Tickers: DBGI
TL;DR
DBGI CFO Chris Williams is out June 14th, no replacement named yet.
AI Summary
On June 3, 2024, Digital Brands Group, Inc. announced the resignation of its Chief Financial Officer, Christopher D. Williams. The company has not yet appointed a successor, and Williams will continue to serve in his role until June 14, 2024, to ensure a smooth transition. This departure comes as the company navigates its operational and financial landscape.
Why It Matters
The departure of a CFO can signal financial strategy shifts or operational challenges within a company, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — CFO departures can indicate internal financial instability or strategic disagreements, warranting closer investor scrutiny.
Key Players & Entities
- Digital Brands Group, Inc. (company) — Registrant
- Christopher D. Williams (person) — Resigning Chief Financial Officer
- June 3, 2024 (date) — Date of earliest event reported
- June 14, 2024 (date) — CFO's last day
FAQ
Who is the resigning Chief Financial Officer of Digital Brands Group, Inc.?
Christopher D. Williams is the resigning Chief Financial Officer of Digital Brands Group, Inc.
What is the effective date of Christopher D. Williams' resignation?
Christopher D. Williams will continue to serve in his role until June 14, 2024.
Has Digital Brands Group, Inc. appointed a successor for the CFO position?
The filing does not state that a successor has been appointed.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 3, 2024.
What is the company's principal executive office address?
The company's principal executive offices are located at 1400 Lavaca Street, Austin, TX 78701.
Filing Stats: 1,072 words · 4 min read · ~4 pages · Grade level 13.4 · Accepted 2024-06-07 16:05:30
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 DBGI The Nasdaq Stock Market LLC
- $35,000,000 m — as the Company no longer satisfied the $35,000,000 market value of listed securities require
- $2,500,000 — urities requirement, or the alternative $2,500,000 stockholders' equity requirement, as se
- $1,602,592 — ompany reported stockholders' equity of $1,602,592 and, therefore, no longer complied with
- $2.98 million — d stockholders' equity of approximately $2.98 million. Subsequent to quarter-end, on May 7, 2
- $3.2 million — 2024, the Company raised approximately $3.2 million from the exercise of approximately 1.03
- $3.13 — illion warrants at an exercise price of $3.13. As a result of that warrant transactio
- $2.5 million — olders' equity in excess of the minimum $2.5 million stockholders' equity requirement set fo
Filing Documents
- form8-k.htm (8-K) — 45KB
- 0001493152-24-023094.txt ( ) — 258KB
- dbgi-20240603.xsd (EX-101.SCH) — 4KB
- dbgi-20240603_def.xml (EX-101.DEF) — 26KB
- dbgi-20240603_lab.xml (EX-101.LAB) — 36KB
- dbgi-20240603_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
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. DIGITAL BRANDS GROUP, INC. Dated: June 7, 2024 By: /s/ John Hilburn Davis IV Name: John Hilburn Davis IV Title: President and Chief Executive Officer