DDC Enterprise Appoints New Co-CFO with $240K Salary
Ticker: DDC · Form: 6-K · Filed: Jun 25, 2024 · CIK: 1808110
Sentiment: neutral
Topics: personnel, executive-appointment, compensation
TL;DR
DDC Enterprise just hired a new Co-CFO, Jeffrey Ervin, with a $240k salary and 100k stock options.
AI Summary
DDC Enterprise Ltd. announced on June 24, 2024, the appointment of Jeffrey S. Ervin as Co-Chief Financial Officer. His employment agreement includes an annual base salary of $240,000 and an initial stock option grant for 100,000 shares.
Why It Matters
The appointment of a new Co-CFO can signal changes in financial strategy or oversight for DDC Enterprise Limited, potentially impacting investor confidence and future financial performance.
Risk Assessment
Risk Level: low — This filing is a routine personnel announcement and does not contain significant financial or operational risks.
Key Numbers
- $240,000 — Annual Base Salary (For the new Co-Chief Financial Officer, Jeffrey S. Ervin.)
- 100,000 — Stock Options Granted (Initial grant to the new Co-Chief Financial Officer.)
Key Players & Entities
- DDC Enterprise Ltd. (company) — The company making the announcement.
- Jeffrey S. Ervin (person) — Newly appointed Co-Chief Financial Officer.
- $240,000 (dollar_amount) — Annual base salary for the new Co-CFO.
- 100,000 (dollar_amount) — Initial stock option grant for the new Co-CFO.
FAQ
What is the effective date of Jeffrey S. Ervin's appointment as Co-Chief Financial Officer?
Jeffrey S. Ervin was appointed as the Company's Co-Chief Financial Officer on June 24, 2024.
What is the annual base salary for Jeffrey S. Ervin?
The employment agreement for Jeffrey S. Ervin provides an annual base salary of $240,000.
Does Jeffrey S. Ervin receive any stock options as part of his compensation?
Yes, Jeffrey S. Ervin received an initial grant of an option to purchase 100,000 shares.
What is the filing type and accession number for this DDC Enterprise Ltd. report?
This is a Form 6-K filing with accession number 0001213900-24-055426.
Where is DDC Enterprise Limited's principal executive office located?
DDC Enterprise Limited's principal executive office is located at Room 1601-1602, 16/F, Hollywood Centre, 233 Hollywood Road, Sheung Wan, Hong Kong.
Filing Stats: 529 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-06-25 09:00:02
Key Financial Figures
- $240,000 — which provides an annual base salary of $240,000 and an initial grant of an option to pu
- $1.14 — y Shares on the date of grant which was $1.14 per share. Mr. Ervin may also be awarde
Filing Documents
- ea0208435-6k_ddcenter.htm (6-K) — 13KB
- ea020843501ex99-1_ddcenter.htm (EX-99.1) — 9KB
- 0001213900-24-055426.txt ( ) — 23KB
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. DDC Enterprise Limited. Date: June 25, 2024 By: /s/ Norma Ka Yin Chu Name: Norma Ka Yin Chu Title: Chief Executive Officer 2 EXHIBIT INDEX Exhibit No. Description 99.1 Press Release Dated June 25, 2024 3