Flux Power Holdings Announces Board and Officer Changes
Ticker: FLUX · Form: 8-K · Filed: Nov 21, 2024 · CIK: 1083743
Sentiment: neutral
Topics: management-change, board-of-directors, executive-appointment
TL;DR
Flux Power shakes up board & exec team, new CFO appointed.
AI Summary
Flux Power Holdings, Inc. announced on November 20, 2024, a series of significant corporate actions. These include the departure of director Michael R. Collins, the election of new directors Steven R. Johnson and David L. Ruggles, and the appointment of new officers, including Chief Financial Officer Michael L. Wilson. The company also disclosed compensatory arrangements for its officers.
Why It Matters
Changes in board and officer composition can signal shifts in company strategy, financial oversight, or operational focus, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and executive appointments can introduce uncertainty regarding future strategy and execution.
Key Players & Entities
- Flux Power Holdings, Inc. (company) — Registrant
- Michael R. Collins (person) — Departing Director
- Steven R. Johnson (person) — Elected Director
- David L. Ruggles (person) — Elected Director
- Michael L. Wilson (person) — Appointed Chief Financial Officer
- November 20, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Flux Power Holdings, Inc. board of directors?
Michael R. Collins has departed from the board of directors of Flux Power Holdings, Inc.
Who were elected as new directors for Flux Power Holdings, Inc.?
Steven R. Johnson and David L. Ruggles were elected as new directors for Flux Power Holdings, Inc.
Who has been appointed as the new Chief Financial Officer?
Michael L. Wilson has been appointed as the new Chief Financial Officer.
What is the exact date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is November 20, 2024.
What other information is disclosed regarding officers in this filing?
The filing also discloses compensatory arrangements for certain officers.
Filing Stats: 593 words · 2 min read · ~2 pages · Grade level 10.1 · Accepted 2024-11-21 16:05:21
Key Financial Figures
- $0.001 — nge on which registered Common Stock, $0.001 par value FLUX Nasdaq Capital Mark
Filing Documents
- form8-k.htm (8-K) — 41KB
- ex99-1.htm (EX-99.1) — 18KB
- ex99-1_001.jpg (GRAPHIC) — 10KB
- 0001493152-24-047137.txt ( ) — 247KB
- flux-20241120.xsd (EX-101.SCH) — 3KB
- flux-20241120_lab.xml (EX-101.LAB) — 33KB
- flux-20241120_pre.xml (EX-101.PRE) — 24KB
- form8-k_htm.xml (XML) — 3KB
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. Flux Power Holdings, Inc. a Nevada corporation By: /s/ Ronald F. Dutt Ronald F. Dutt Chief Executive Officer Dated: November 21, 2024