DTST Files 8-K on Officer/Director Changes & Compensation

TL;DR

**DTST filed an 8-K about officer changes and compensation, but the details are missing.**

AI Summary

Data Storage Corp (DTST) filed an 8-K on January 18, 2024, reporting an event that occurred on January 12, 2024. This filing primarily concerns 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers,' 'Other Events,' and 'Financial Statements and Exhibits.' While the filing indicates changes in executive or director compensation, the specific details of these changes, including names and dollar amounts, are not provided in the publicly available text. Investors should monitor future filings for specifics, as changes in executive compensation can impact company expenses and management incentives, potentially affecting stock performance.

Why It Matters

Changes in executive compensation or board composition can signal shifts in company strategy or financial health, directly influencing investor confidence and the stock's valuation.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate governance changes (officer/director departures/appointments and compensation arrangements) but lacks specific details, creating uncertainty for investors.

Analyst Insight

Investors should monitor future SEC filings from Data Storage Corp for specific details regarding the reported changes in officers, directors, and their compensation arrangements, as these specifics will provide clarity on potential impacts to the company's governance and financial outlook.

Key Players & Entities

• Data Storage Corp (company) — the registrant filing the 8-K
• Euro Trend Inc. (company) — former name of the registrant
• January 12, 2024 (date) — date of the earliest event reported
• January 18, 2024 (date) — date the 8-K was filed
• 001-35384 (string) — Commission File Number for Data Storage Corp

Forward-Looking Statements

• Further details regarding the specific changes in officer/director roles and compensation will be disclosed in subsequent filings or proxy statements. (Data Storage Corp) — high confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.001 — registered Common Stock, par value $0.001 per share DTST The Nasdaq Capital M

Filing Documents

• e5352_8k.htm (8-K) — 32KB
• e5352_ex99-1.htm (EX-99.1) — 11KB
• e5352_ex99-2.htm (EX-99.2) — 10KB
• image_001.gif (GRAPHIC) — 3KB
• image_002.gif (GRAPHIC) — 3KB
• 0001731122-24-000086.txt ( ) — 282KB
• dtst-20240112.xsd (EX-101.SCH) — 4KB
• dtst-20240112_def.xml (EX-101.DEF) — 26KB
• dtst-20240112_lab.xml (EX-101.LAB) — 36KB
• dtst-20240112_pre.xml (EX-101.PRE) — 25KB
• e5352_8k_htm.xml (XML) — 5KB

02. Departure

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 12, 2024, the Board of Directors (the "Board") of Data Storage Corporation (the "Company") appointed Clifford Stein to serve as a director of the Company. Mr. Stein was not appointed to serve as a member of any committees of the Board. Mr. Stein, age 66, is the Chief Executive Officer of Savitar Realty Advisors, a real estate advisory firm founded by him in 1988 which provides assistance to lenders and financial institutions on nonperforming real estate assets. He is an attorney and has been a member of the Florida Bar Association since 1982. Mr. Stein has acted as an expert witness in various litigation matters involving real estate transactions and has been appointed as a Receiver, an Examiner and a Trustee in state and federal courts. Mr. Stein will receive the standard compensation available to the Company's current non-employee directors. There are no family relationships between Mr. Stein and any of the Company's directors or executive officers, nor does Mr. Stein have any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Other than as described above, there were no arrangements or understandings by which Mr. Stein was appointed as a member of the Board.

01. Other Events

Item 8.01. Other Events. On January 16, 2024, the Company issued a press release regarding the merger of its subsidiaries, Flagship Solutions Group and CloudFirst. The Company expects that the merger of Flagship Solutions Group and CloudFirst will enable it to continue to streamline operations, grow its technical teams, achieve further economies of scale, enhance resource allocation internally and provide a unified platform to capitalize on the opportunities within the market and increase customer penetration. On January 18, 2024, the Company issued a press release announcing the appointment of Mr. Stein to the Board.

01. Financial Statements and

Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Exhibit Description 99.1 Press Release issued by Data Storage Corporation, dated January 16, 2024 99.2 Press Release issued by Data Storage Corporation, dated January 18, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. Dated: January 18, 2023 DATA STORAGE CORPORATION By: /s/ Charles M. Piluso Name: Charles M. Piluso Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR