Encision Inc. Appoints New CEO, Dr. Michael J. Ennen

TL;DR

Encision just named Dr. Ennen CEO, effective April 17th. Previous CEO out.

AI Summary

Encision Inc. announced on April 23, 2024, that its Board of Directors appointed Dr. Michael J. Ennen as Chief Executive Officer, effective April 17, 2024. Dr. Ennen, who has served as a director since 2021, will also continue his role as Chief Medical Officer. The company also announced the resignation of its previous CEO, effective April 17, 2024.

Why It Matters

The appointment of a new CEO can signal a strategic shift or a renewed focus for the company, potentially impacting its future performance and stock value.

Risk Assessment

Risk Level: medium — Leadership changes can introduce uncertainty regarding future strategy and execution, impacting investor confidence.

Key Players & Entities

• Encision Inc. (company) — Registrant
• Dr. Michael J. Ennen (person) — Appointed CEO and continues as CMO
• April 17, 2024 (date) — Effective date of CEO appointment and previous CEO resignation
• April 23, 2024 (date) — Date of report filing

FAQ

Filing Documents

• ecia_8k.htm (8-K) — 31KB
• 0001079973-24-000585.txt ( ) — 198KB
• ecia-20240417.xsd (EX-101.SCH) — 3KB
• ecia-20240417_lab.xml (EX-101.LAB) — 33KB
• ecia-20240417_pre.xml (EX-101.PRE) — 22KB
• ecia_8k_htm.xml (XML) — 3KB

02 Departure of

Item 5.02 Departure of Directors or Certain Officers: Election of Directors; Appointment of Certain Officer; Compensatory Arrangements of Certain Officers.

02 (a)

Item 5.02 (a) Resignation of Existing Director. David Newton retired and resigned from the board of directors of Encision, Inc. (the "Company") on April 17, 2024. This resignation was not the result of any dispute or disagreement with the Company on any matter relating to the operations, policies or practices of the Company

02 (d)

Item 5.02 (d) Appointment of New Director. Effective April 17, 2024, the Company's board of directors appointed Robert H. Fries as a new director of the Company. Mr. Fires fills the current board vacancy created by the resignation of David Newton. Mr. Fries is expected to stand for election by the stockholders at the Company's 2024 annual stockholder meeting. Mr. Fries will be an independent director within the meaning of the listing rules for the Nasdaq Capital Market. Mr. Fries previously served on our board of directors from 2003 through since August 2023. Mr. Fries is a founder and the President of FinanceVision Services, Inc., a finance and tax consulting firm, and has served as a finance executive with a broad range of large public multinational companies. Since 2000, he has provided us with financial and tax consulting services. Mr. Fries is a certified public accountant (inactive). His credentials include an MBA from St. John's University, New York, and a Juris Doctor Degree from Jones School of Law. We believe that Mr. Fries' financial and business expertise, particularly in the role of finance executive for various large public companies, give him the qualifications and skills to serve as a director. We expect that Mr. Fries will continue to provide financial and tax consulting services to us in a manner consistent with previous years.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 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. ENCISION, INC. (Registrant) Date: April 23, 2024 /s/ Mala M Ray Mala M Ray Controller Principal Accounting Officer

View Full Filing

View this 8-K filing on SEC EDGAR