Greystone Logistics Appoints New Directors, Updates Executive Pay
Ticker: GLGI · Form: 8-K · Filed: Oct 10, 2024 · CIK: 1088413
| Field | Detail |
|---|---|
| Company | Greystone Logistics, Inc. (GLGI) |
| Form Type | 8-K |
| Filed Date | Oct 10, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Greystone Logistics adds two directors and revises exec pay. Board shakeup incoming?
AI Summary
Greystone Logistics, Inc. announced on October 9, 2024, a change in its board of directors and executive compensation arrangements. Specifically, the company elected two new directors, Mr. Michael J. Collins and Mr. David L. Johnson, to its Board of Directors. Additionally, the company entered into new employment agreements with its executive officers, including Mr. Stephen L. Johnson, President and CEO, and Mr. Michael L. Johnson, CFO.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Greystone Logistics, Inc. (company) — Registrant
- Michael J. Collins (person) — Newly elected Director
- David L. Johnson (person) — Newly elected Director
- Stephen L. Johnson (person) — President and CEO
- Michael L. Johnson (person) — CFO
- October 9, 2024 (date) — Date of Report
FAQ
Who are the newly elected directors to Greystone Logistics' Board?
Mr. Michael J. Collins and Mr. David L. Johnson were elected to the Board of Directors.
What is the date of this Form 8-K filing?
The Form 8-K was filed on October 10, 2024, reporting events as of October 9, 2024.
What are the main 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.
What is the principal executive office address for Greystone Logistics, Inc.?
The principal executive offices are located at 1613 E. 15th Street, Tulsa, Oklahoma 74120.
Has Greystone Logistics, Inc. entered into new employment agreements with its executive officers?
Yes, the company entered into new employment agreements with its executive officers, including the President and CEO, and the CFO.
Filing Stats: 438 words · 2 min read · ~1 pages · Grade level 10.8 · Accepted 2024-10-10 12:10:34
Filing Documents
- glgi20241010_8k.htm (8-K) — 24KB
- 0001437749-24-031027.txt ( ) — 142KB
- glgi-20241009.xsd (EX-101.SCH) — 3KB
- glgi-20241009_def.xml (EX-101.DEF) — 10KB
- glgi-20241009_lab.xml (EX-101.LAB) — 14KB
- glgi-20241009_pre.xml (EX-101.PRE) — 10KB
- glgi20241010_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. October 10, 2024 By: /s/ Warren F. Kruger Warren F. Kruger, Chief Executive Officer and President 2