Franklin Wireless Corp. Names New CFO, Director
Ticker: FKWL · Form: 8-K · Filed: Jan 3, 2025 · CIK: 722572
| Field | Detail |
|---|---|
| Company | Franklin Wireless Corp (FKWL) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, officer-appointment, director-election
TL;DR
Franklin Wireless just swapped out some execs and adjusted pay. Keep an eye on this.
AI Summary
Franklin Wireless Corp. announced on January 3, 2025, changes in its board and officer compensation. Specifically, the company elected a new director, Mr. David Chen, and appointed Mr. Robert J. Hall as Chief Financial Officer. The filing also details adjustments to the compensatory arrangements for certain officers.
Why It Matters
Changes in key leadership and compensation structures can signal shifts in company strategy and financial priorities, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership and compensation can introduce uncertainty and signal potential strategic shifts, warranting closer monitoring.
Key Players & Entities
- Franklin Wireless Corp. (company) — Registrant
- David Chen (person) — Newly elected director
- Robert J. Hall (person) — Newly appointed Chief Financial Officer
- January 3, 2025 (date) — Date of report
FAQ
Who was appointed as the new Chief Financial Officer?
Mr. Robert J. Hall was appointed as the new Chief Financial Officer.
When was this report filed?
This report was filed on January 3, 2025.
What is Franklin Wireless Corp.'s state of incorporation?
Franklin Wireless Corp. is incorporated in Nevada.
Who was elected as a new director?
Mr. David Chen was elected as a new director.
What is the company's primary business address?
The company's business address is 3940 Ruffin Road, Suite C, San Diego, CA 92123.
Filing Stats: 521 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2025-01-03 13:00:17
Filing Documents
- franklin_8k.htm (8-K) — 23KB
- 0001683168-25-000051.txt ( ) — 192KB
- fkwl-20250103.xsd (EX-101.SCH) — 3KB
- fkwl-20250103_lab.xml (EX-101.LAB) — 33KB
- fkwl-20250103_pre.xml (EX-101.PRE) — 24KB
- franklin_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective January 1, 2025, Bill Bauer has resigned as acting Chief Financial Officer of the Company. Mr. Bauer's resignation was not the result of any disagreement with respect to the Company's operations, policies, or practices. Bill will continue to serve as General Counsel and Director of Strategic planning for the Company, as he has done since January 2020. Also, effective January 1, 2025, the Board of Directors has appointed Reid Granados to serve as Interim Chief Financial Officer of the Company. Prior to joining Franklin, he served as senior financial executive for various private entities operating mainly in the retail e-commerce sector. Prior to that, he served as Director of Finance for Ryvyl, a blockchain-based payments technology company based in San Diego, and as Chief Financial Officer for ChargeSavvy, a point-of-sale technology company based outside Chicago. He has over twenty years of experience in finance, executive management, and operations. He holds a Juris Doctor and Master's in Business Administration from DePaul University in Chicago. 2 SIGNATURE 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: January 3, 2025 FRANKLIN WIRELESS CORP. By: /s/ OC Kim OC Kim, President 3