Trans American Aquaculture Announces Board and Officer Changes

TL;DR

Trans American Aquaculture shakes up its board and exec team, new faces in charge.

AI Summary

Trans American Aquaculture, Inc. announced on August 16, 2024, changes in its board of directors and officer appointments. The filing details the departure of a director and the election of new directors, along with the appointment of new officers and information regarding their compensatory arrangements.

Why It Matters

Changes in a company's board and executive team can signal shifts in strategy, operational focus, or financial direction.

Risk Assessment

Risk Level: medium — Changes in leadership can introduce uncertainty regarding future strategy and performance.

Key Players & Entities

• Trans American Aquaculture, Inc. (company) — Filer of the 8-K report
• August 16, 2024 (date) — Date of the earliest event reported
• 000-56640 (company) — Commission File Number
• Colorado (jurisdiction) — State of incorporation
• 1022 Shadyside Lane Dallas, TX 75223 (address) — Principal executive offices
• (972) 358-6037 (phone_number) — Issuer's telephone number

FAQ

Key Financial Figures

• $30M — uisitions that grew annual revenue from $30M to 100M. Mr. Thomas is not, and has not

Filing Documents

• transaqua_8k.htm (8-K) — 25KB
• 0001683168-24-005968.txt ( ) — 189KB
• grps-20240816.xsd (EX-101.SCH) — 3KB
• grps-20240816_lab.xml (EX-101.LAB) — 33KB
• grps-20240816_pre.xml (EX-101.PRE) — 22KB
• transaqua_8k_htm.xml (XML) — 3KB

02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. CFO Appointment On August 16, 2024, the board of directors of Trans American Aquaculture, Inc., a Colorado corporation (the " Company "), approved the appointment of Adam Thomas (the Company's current Chief Executive Officer) as the Company's Chief Financial Officer and Principal Financial and Accounting Officer to fill the position vacated by the resignation of Malcolm McNeill, as disclosed on the Company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 19, 2024. Adam Thomas has served as Chief Executive Officer and Director of the Company since August 2022 and as Chief Executive Officer of Trans American Aquaculture, LLC (" TAA ") since April 2016. Mr. Thomas holds a bachelor's degree in aviation management from Bowling Green operations. Mr. Thomas is highly qualified and experienced in managing budgets, P&L, and strategic growth. Prior to his involvement with TAA, Mr. Thomas was a Vice President at JPMorgan Chase where he led various operational and strategy groups both domestic and international. This experience led him to a Head of Corporate Strategy role at a legal and financial consulting firm where he led multiple successful mergers & acquisitions that grew annual revenue from $30M to 100M. Mr. Thomas is not, and has not been during the past five years, the director of any other public companies. Mr. Thomas is related to Luis Fernando Granda Arias, the Company's Chief Operating Officer, and Luis Arturo Roman, a director of the Company, through marriage (Mr. Thomas' wife is Mr. Arias' niece and Mr. Roman's first cousin). Besides that, there are no family relationships between Mr. Thomas and any of our directors and executive off

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Trans American Aquaculture, Inc. Date: August 22, 2024 By: /s/ Adam Thomas Adam Thomas, Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR