Digipath Announces Board Changes and Compensation Adjustments
Ticker: FUNI · Form: 8-K · Filed: Mar 1, 2024 · CIK: 1502966
Sentiment: neutral
Topics: management-change, compensation
TL;DR
Digipath shakes up the board and adjusts exec pay. Big changes coming?
AI Summary
Digipath, Inc. announced on February 29, 2024, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory plans.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.
Risk Assessment
Risk Level: medium — Board and executive changes can introduce uncertainty and signal potential strategic shifts, impacting investor confidence.
Key Players & Entities
- Digipath, Inc. (company) — Registrant
- February 29, 2024 (date) — Date of earliest event reported
FAQ
Who are the specific directors or officers departing from Digipath, Inc.?
The filing indicates the departure of certain officers and directors but does not name them specifically in the provided text.
What are the new compensatory arrangements for the officers?
The filing mentions compensatory arrangements of certain officers but does not detail the specifics of these arrangements in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on February 29, 2024.
What is the principal executive office address for Digipath, Inc.?
The principal executive office is located at 6450 Cameron Street, Suite 113, Las Vegas, NV 89118.
What is the SIC code for Digipath, Inc.?
The Standard Industrial Classification (SIC) code for Digipath, Inc. is 8734, which corresponds to SERVICES-TESTING LABORATORIES.
Filing Stats: 608 words · 2 min read · ~2 pages · Grade level 10.8 · Accepted 2024-03-01 11:57:04
Key Financial Figures
- $5,000 — which it has agreed to pay Mr. Douglass $5,000 per month. Item 9.01. Financial State
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-008427.txt ( ) — 202KB
- digp-20240229.xsd (EX-101.SCH) — 3KB
- digp-20240229_lab.xml (EX-101.LAB) — 33KB
- digp-20240229_pre.xml (EX-101.PRE) — 22KB
- 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. Digipath, Inc. Date: February 29, 2024 By: /s/ A. Stone Douglass A. Stone Douglass Chief Financial Officer