Data Storage Corp. Announces Board and Officer Changes
Ticker: DTSTW · Form: 8-K · Filed: Mar 11, 2024 · CIK: 1419951
| Field | Detail |
|---|---|
| Company | Data Storage Corp (DTSTW) |
| Form Type | 8-K |
| Filed Date | Mar 11, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, officer-appointment, compensation
TL;DR
Data Storage Corp. shakes up leadership and compensation.
AI Summary
Data Storage Corp. announced on March 5, 2024, changes in its board of directors and officer appointments. The company also reported on compensatory arrangements for certain officers. The filing details the election of new directors and the appointment of new officers, alongside information regarding their compensation.
Why It Matters
Changes in a company's leadership and compensation structures can signal shifts in strategy or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in directors and officers, especially if accompanied by new compensation plans, can introduce uncertainty about the company's future direction and stability.
Key Players & Entities
- Data Storage Corp. (company) — Registrant
- Nevada (jurisdiction) — State of Incorporation
- March 5, 2024 (date) — Date of earliest event reported
FAQ
What specific changes were made to the board of directors?
The filing indicates the election of directors and departure of directors, but does not specify the names of individuals involved in these changes.
Who were the newly appointed officers?
The filing mentions the appointment of certain officers but does not list their names or specific titles.
What are the details of the compensatory arrangements for the officers?
The filing states that compensatory arrangements of certain officers are being reported, but the specific details of these arrangements are not provided in this summary.
What is the significance of the 'Other Events' item?
The filing lists 'Other Events' as an item information, but the specific nature of these events is not detailed in the provided text.
When was Data Storage Corp. incorporated?
Data Storage Corp. was incorporated in Nevada.
Filing Stats: 909 words · 4 min read · ~3 pages · Grade level 10.1 · Accepted 2024-03-08 18:13:07
Key Financial Figures
- $0.001 — h registered Common Stock, par value $0.001 per share DTST The Nasdaq Capital M
Filing Documents
- e5481_8k.htm (8-K) — 34KB
- e5481_ex99-1.htm (EX-99.1) — 13KB
- image_001.gif (GRAPHIC) — 2KB
- 0001731122-24-000394.txt ( ) — 266KB
- dtst-20240305.xsd (EX-101.SCH) — 4KB
- dtst-20240305_def.xml (EX-101.DEF) — 26KB
- dtst-20240305_lab.xml (EX-101.LAB) — 36KB
- dtst-20240305_pre.xml (EX-101.PRE) — 25KB
- e5481_8k_htm.xml (XML) — 5KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 5, 2024, the Board of Directors (the "Board") of Data Storage Corporation (the "Company") appointed Nancy M. Stallone, CPA and Uwayne A. Mitchell, Esq. to serve as directors of the Company. Ms. Stallone was appointed to serve as a member of the Audit Committee of the Board and will serve as the financial expert. Ms. Stallone is currently, and has served since June 2016, as Corporate Treasurer and Assistant Corporate Secretary at Comtech Telecommunications Corp. ("Comtech"), a leading global technology company providing terrestrial and wireless network solutions, next-generation 9-1-1 emergency services, satellite and space communications technologies, and cloud native capabilities to commercial and government customers around the world. Prior, she was Vice President of Finance from September 2006 to June 2016. Prior to joining Comtech, Ms. Stallone served in key leadership financial positions including, from 2004 to 2006, Vice President, Internal Audit at Atkins Nutritionals, Inc., a diet program provider, and prior Chief Financial Officer of North America for Techpack America, Inc., a division of Alba Group, a global packaging manufacturer and wholesaler. Previously, Ms. Stallone was Senior Manager at the accounting firm Deloitte & Touche LLP, where she served a number of public and private companies in the manufacturing, distribution and service industries from 1983 to 1996. Ms. Stallone is a Certified Public Accountant in New York State and holds a Bachelor of Science in Accounting from Long Island University and an Executive MBA from St. Joseph's University, where she previously served as an adjunct professor in accounting. Mr. Mitchell is currently, and has served since December 2021 as privacy counsel to Riskonnect Inc. providing privacy legal advice on business projects and initiatives. From
01. Other Events
Item 8.01. Other Events. On March 8, 2024, the Company issued a press release announcing the appointment of Ms. Stallone and Mr. Mitchell 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 March 8, 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: March 8, 2024 DATA STORAGE CORPORATION By: /s/ Charles M. Piluso Name: Charles M. Piluso Title: Chief Executive Officer