indie Semiconductor Appoints New CFO, Grants RSUs
Ticker: INDI · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1841925
| Field | Detail |
|---|---|
| Company | Indie Semiconductor, INC. (INDI) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
indie Semi gets a new CFO, Michael Weisman, starting April 22nd. He's getting $375k base + bonus + 150k RSUs.
AI Summary
On April 16, 2024, indie Semiconductor, Inc. announced the appointment of Michael J. Weisman as its new Chief Financial Officer, effective April 22, 2024. Weisman will receive an annual base salary of $375,000 and will be eligible for a discretionary annual bonus. He will also be granted 150,000 restricted stock units (RSUs) vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence. The stock grant indicates a commitment to retaining key talent.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $375,000 — CFO Base Salary (Annual compensation for Michael J. Weisman.)
- 150,000 — RSUs Granted (Stock incentive for the new Chief Financial Officer.)
Key Players & Entities
- indie Semiconductor, Inc. (company) — Registrant
- Michael J. Weisman (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Restricted stock units granted to new CFO
- April 16, 2024 (date) — Date of report
- April 22, 2024 (date) — Effective date for new CFO
FAQ
Who has been appointed as the new Chief Financial Officer of indie Semiconductor, Inc.?
Michael J. Weisman has been appointed as the new Chief Financial Officer.
When is Michael J. Weisman's appointment as CFO effective?
The appointment is effective April 22, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael J. Weisman is $375,000.
What stock-based compensation will the new CFO receive?
Michael J. Weisman will be granted 150,000 restricted stock units (RSUs) vesting over three years.
What was the previous company name for indie Semiconductor, Inc.?
The former company name was Thunder Bridge II Surviving Pubco, Inc.
Filing Stats: 500 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2024-04-19 16:30:38
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share INDI The Nasdaq Stock Market
Filing Documents
- indi-20240416.htm (8-K) — 23KB
- 0001628280-24-016958.txt ( ) — 143KB
- indi-20240416.xsd (EX-101.SCH) — 2KB
- indi-20240416_lab.xml (EX-101.LAB) — 21KB
- indi-20240416_pre.xml (EX-101.PRE) — 12KB
- indi-20240416_htm.xml (XML) — 3KB
From the Filing
indi-20240416 .. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 16, 2024 INDIE SEMICONDUCTOR, INC. (Exact name of registrant as specified in its charter) Delaware 001-40481 88-1735159 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 32 Journey Aliso Viejo , California 92656 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: ( 949 ) 608-0854 (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Class A common stock, par value $0.0001 per share INDI The Nasdaq Stock Market LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. . .. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 16, 2024, Peter Kight notified indie Semiconductor, Inc. (the "Company") that he will retire from the Board of Directors of the Company (the "Board") and will not stand for reelection at the Company's 2024 annual meeting of stockholders. Mr. Kight will remain a director of the Company until the Company's 2024 annual meeting of stockholders, scheduled for June 13, 2024. Mr. Kight's decision to not stand for reelection was not related to any disagreement with the Company on any matter relating to its operations, policies or practices. The Company and Board thank Mr. Kight for his dedicated service. The Company will reduce the number of directors to eight effective as of the 2024 annual meeting of stockholders. . .. 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. INDIE SEMICONDUCTOR, INC. April 19, 2024 By: /s/ Thomas Schiller Name: Thomas Schiller Title: Chief Financial Officer & EVP of Strategy (Principal Financial Officer) .