Minim, Inc. CFO Resigns
Ticker: FIEE · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1467761
| Field | Detail |
|---|---|
| Company | Minim, INC. (FIEE) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-resignation
TL;DR
Minim's CFO is out, finance team stepping in for now.
AI Summary
On September 4, 2024, MINIM, INC. filed an 8-K report to disclose the resignation of its Chief Financial Officer, Michael J. Mulroy, effective September 3, 2024. The company has not yet appointed a successor, and the responsibilities will be temporarily handled by the existing finance team. This filing also includes financial statements and exhibits.
Why It Matters
The unexpected departure of a CFO can signal internal challenges or strategic shifts, potentially impacting investor confidence and the company's financial reporting.
Risk Assessment
Risk Level: medium — CFO departures can indicate underlying financial or operational issues, creating uncertainty for investors.
Key Players & Entities
- MINIM, INC. (company) — Registrant
- Michael J. Mulroy (person) — Resigning Chief Financial Officer
- September 4, 2024 (date) — Date of Report
- September 3, 2024 (date) — Effective date of resignation
FAQ
Who is MINIM, INC.'s Chief Financial Officer?
Michael J. Mulroy was the Chief Financial Officer of MINIM, INC. until his resignation on September 3, 2024.
When did Michael J. Mulroy's resignation become effective?
Michael J. Mulroy's resignation was effective September 3, 2024.
Has MINIM, INC. appointed a new CFO?
As of the filing date of September 4, 2024, MINIM, INC. had not yet appointed a successor to Michael J. Mulroy.
Who will handle the CFO's responsibilities in the interim?
The responsibilities of the Chief Financial Officer will be temporarily handled by the existing finance team of MINIM, INC.
What is the primary purpose of this 8-K filing?
This 8-K filing is to report the resignation of the Chief Financial Officer and to include financial statements and exhibits.
Filing Stats: 671 words · 3 min read · ~2 pages · Grade level 11.1 · Accepted 2024-09-09 14:22:00
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value MINM The Nasdaq Capital M
Filing Documents
- minim_8k.htm (8-K) — 26KB
- 0001829126-24-006168.txt ( ) — 193KB
- minm-20240904.xsd (EX-101.SCH) — 3KB
- minm-20240904_lab.xml (EX-101.LAB) — 33KB
- minm-20240904_pre.xml (EX-101.PRE) — 22KB
- minim_8k_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events . As previously stated on Minim Inc.'s (the "Company's") Current Report on Form 8-K, dated August 26, 2024, the Company filed for, and on August 20, 2024, was granted a temporary restraining order ("TRO") by the Supreme Court of the State of New York, Kings County (the "State Court"). The application for the TRO was filed by the Company in order to prohibit The Nasdaq Stock Market ("Nasdaq") from delisting the Company's common stock from Nasdaq. The TRO was effective until September 5, 2024. On August 20, 2024, following the State Court's grant of the TRO, Nasdaq removed the case to federal court. On September 4, 2024, the U.S. District Court for the Eastern District of New York remanded the case to the State Court. On September 5, 2024, the parties entered into a stipulation which was ordered by the State Court on September 6, 2024, to extend the TRO until September 30, 2024, at which point oral arguments will be heard by the State Court. This Current Report on Form 8-K (the "8-K") and other document incorporated by reference into this 8-K contain or may contain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as "anticipates," "assumes," "believes," "can," "could," "estimates," "expects," "forecasts," "guides," "intends," "is confident that," "may," "plans," "seeks," "projects," "targets," and "would" or the negative of such terms or other variations on such terms or comparable terminology. Such forward-looking historical facts. Such statements are based upon the current beliefs and expectations of the management of the Company and are subject to risks and uncertainties that could cause the actual outcome to differ materially.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits . (d) Exhibits None. 1
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. MINIM, INC. Date: September 9, 2024 By: /s/ David Lazar David Lazar Chief Executive Officer 2