Greystone Logistics Appoints New Directors, Updates Executive Contracts
Ticker: GLGI · Form: 8-K · Filed: Apr 4, 2024 · CIK: 1088413
| Field | Detail |
|---|---|
| Company | Greystone Logistics, Inc. (GLGI) |
| Form Type | 8-K |
| Filed Date | Apr 4, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
Related Tickers: GLGI
TL;DR
Greystone Logistics adds two directors and signs new deals with CEO/CFO.
AI Summary
On April 1, 2024, Greystone Logistics, Inc. announced changes to its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Robert J. Johnson and Mr. David L. Miller, to its board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Terry L. Baker, and Chief Financial Officer, Mr. Michael L. Smith, effective April 1, 2024.
Why It Matters
The election of new directors and updated executive contracts can signal strategic shifts or confidence in leadership, potentially impacting the company's future direction and performance.
Risk Assessment
Risk Level: low — The filing reports routine corporate governance changes and executive contract updates, which are common and generally do not indicate significant new risks.
Key Players & Entities
- Greystone Logistics, Inc. (company) — Registrant
- Robert J. Johnson (person) — Newly elected director
- David L. Miller (person) — Newly elected director
- Terry L. Baker (person) — Chief Executive Officer
- Michael L. Smith (person) — Chief Financial Officer
- April 1, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to Greystone Logistics, Inc.'s board?
Mr. Robert J. Johnson and Mr. David L. Miller were elected as new directors.
What is the effective date of the reported changes?
The earliest event reported is dated April 1, 2024.
What positions do Terry L. Baker and Michael L. Smith hold within the company?
Terry L. Baker is the Chief Executive Officer and Michael L. Smith is the Chief Financial Officer.
What type of filing is this for Greystone Logistics, Inc.?
This is a Form 8-K, a Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
What are the key items reported in this 8-K filing?
The filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 473 words · 2 min read · ~2 pages · Grade level 9.8 · Accepted 2024-04-04 16:40:11
Filing Documents
- glgi20240404_8k.htm (8-K) — 25KB
- 0001437749-24-011084.txt ( ) — 142KB
- glgi-20240401.xsd (EX-101.SCH) — 3KB
- glgi-20240401_def.xml (EX-101.DEF) — 10KB
- glgi-20240401_lab.xml (EX-101.LAB) — 14KB
- glgi-20240401_pre.xml (EX-101.PRE) — 10KB
- glgi20240404_8k_htm.xml (XML) — 2KB
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. GREYSTONE LOGISTICS, INC. April 4, 2024 By: /s/ Warren F. Kruger Warren F. Kruger, Chief Executive Officer and President 2