WISA TECHNOLOGIES, INC. Files 8-K: Director Changes & Officer Appointments
Ticker: DVLT · Form: 8-K · Filed: Jun 12, 2024 · CIK: 1682149
| Field | Detail |
|---|---|
| Company | Wisa Technologies, INC. (DVLT) |
| Form Type | 8-K |
| Filed Date | Jun 12, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance, filing
TL;DR
WISA leadership shakeup: new directors elected, officers appointed, and compensation details disclosed.
AI Summary
WISA TECHNOLOGIES, INC. filed an 8-K on June 12, 2024, reporting on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational focus.
Risk Assessment
Risk Level: medium — Changes in board composition and executive appointments can signal strategic shifts or internal challenges, warranting closer observation.
Key Players & Entities
- WISA TECHNOLOGIES, INC. (company) — Registrant
- June 12, 2024 (date) — Filing Date
FAQ
Who has departed from the board of directors or as an officer?
The filing indicates the departure of directors or certain officers, but specific names are not detailed in the provided text.
Who has been elected as a new director?
The filing mentions the election of directors, but the names of the newly elected directors are not specified in the provided text.
Are there any new officer appointments?
Yes, the filing reports on the appointment of certain officers.
What is the nature of the compensatory arrangements being reported?
The filing covers compensatory arrangements of certain officers, but the specific details of these arrangements are not provided in the excerpt.
What other items are included in this 8-K filing?
In addition to director and officer changes, the filing includes financial statements and exhibits.
Filing Stats: 813 words · 3 min read · ~3 pages · Grade level 10.6 · Accepted 2024-06-12 08:52:19
Key Financial Figures
- $0.0001 — h registered Common Stock, par value $0.0001 per share WISA The Nasdaq Capital M
Filing Documents
- tm2416993d1_8k.htm (8-K) — 27KB
- tm2416993d1_ex99-1.htm (EX-99.1) — 10KB
- tm2416993d1_ex99-1img001.jpg (GRAPHIC) — 19KB
- 0001104659-24-070696.txt ( ) — 236KB
- wisa-20240612.xsd (EX-101.SCH) — 3KB
- wisa-20240612_lab.xml (EX-101.LAB) — 33KB
- wisa-20240612_pre.xml (EX-101.PRE) — 22KB
- tm2416993d1_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Lisa Cummins from the Board of Directors On June 11, 2024, Lisa Cummins notified WiSA Technologies, Inc. (the "Company") of her decision to resign from the Company's board of directors (the "Board"), effective June 12, 2024. Ms. Cummins served on the Audit Committee and the Nominating and Corporate Governance Committee of the Board. Ms. Cummins' resignation from the Board is not the result of any disagreement with the Company on any matter related to the Company's operations, policies or practices. Appointment of Kimberly Briskey to the Board of Directors On June 12, 2024, the Board, pursuant to its powers under the Company's bylaws, appointed Kimberly Briskey as a member of the Board to replace Ms. Cummins, effective June 12, 2024. Ms. Briskey will serve as a director until the next annual meeting of the Company's stockholders, at which time she will stand for election until the annual meeting of the Company's stockholders following her election, or her earlier resignation, retirement, or other termination of service. There was no understanding or arrangement between Ms. Briskey and any other person pursuant to which Ms. Briskey was appointed as a director. Ms. Briskey is not party to any transaction, or series of transactions, required to be disclosed pursuant to Item 404(a) of Regulation S-K. Ms. Briskey was also appointed to serve on the Board's Audit Committee. Ms. Briskey will be entitled to receive equity compensation for her service as a director of the Company pursuant to the Company's 2018 Long-Term Stock Incentive Plan, as amended. Copies of such plan and the amendments thereof are filed as Exhibits 10.1, 10.50 and 10.51 to the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on April 1, 2024 (the "Form 10-K"). The Company also entered an
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits No. Description 99.1 Press Release of the Company, dated June 12, 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. Date: June 12, 2024 WISA TECHNOLOGIES, INC. By: /s/ Brett Moyer Name: Brett Moyer Title: Chief Executive Officer