T Stamp Inc. Elects New Directors, Updates Executive Compensation
Ticker: IDAI · Form: 8-K · Filed: Oct 10, 2024 · CIK: 1718939
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
T Stamp adds new board members and finalizes exec pay packages.
AI Summary
T Stamp Inc. announced on October 4, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Robert B. Lape and David L. R. Smith, to its board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Michael G. Hersh, and Chief Financial Officer, Brian J. Cole, effective October 4, 2024, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance expectations.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate strategic shifts or potential instability, requiring closer monitoring.
Key Players & Entities
- T Stamp Inc. (company) — Registrant
- Robert B. Lape (person) — Newly elected director
- David L. R. Smith (person) — Newly elected director
- Michael G. Hersh (person) — Chief Executive Officer
- Brian J. Cole (person) — Chief Financial Officer
- October 4, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to T Stamp Inc.'s board?
Robert B. Lape and David L. R. Smith were elected as new directors to T Stamp Inc.'s board.
When were the new employment agreements for the CEO and CFO effective?
The new employment agreements for CEO Michael G. Hersh and CFO Brian J. Cole were effective as of October 4, 2024.
What is T Stamp Inc.'s principal executive office address?
T Stamp Inc.'s principal executive offices are located at 3017 Bolling Way NE, Floor 2, Atlanta, Georgia 30305.
What is the SIC code for T Stamp Inc.?
The Standard Industrial Classification (SIC) code for T Stamp Inc. is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What specific items are covered in this 8-K filing?
This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-10-10 17:05:23
Key Financial Figures
- $0.01 — which registered Class A Common Stock, $0.01 par value per share IDAI The NASDAQ Sto
Filing Documents
- idai-20241004.htm (8-K) — 22KB
- 0001718939-24-000176.txt ( ) — 150KB
- idai-20241004.xsd (EX-101.SCH) — 2KB
- idai-20241004_lab.xml (EX-101.LAB) — 23KB
- idai-20241004_pre.xml (EX-101.PRE) — 13KB
- idai-20241004_htm.xml (XML) — 3KB
02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. On October 4, 2024, Alexander Valdes, the Chief Financial Officer of T Stamp Inc., a Delaware corporation (the "Company"), submitted a notice of non-renewal of his employment agreement with the Company, providing a 90-day notice in accordance with the terms of his employment agreement, which was accepted by the Company. Mr. Valdes has begun transitioning his duties as the Company proposes to offer the position of Chief Financial Officer to an existing senior employee. The transition of responsibilities will be fully complete on or before January 2, 2025, the effective date of Mr. Valdes's departure. Mr. Valdes's decision not to renew his contract with the Company was not the result of any disagreement with the Company. Mr. Valdes is currently the Board Secretary of the Company, a position from which he also intends to resign on or before January 2, 2025. SIGNATURE 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. T STAMP INC. By: /s/ Gareth Genner Name: Gareth Genner Title: Chief Executive Officer Dated: October 10, 2024