IZEA Worldwide Appoints New CFO and Directors

Ticker: IZEA · Form: 8-K · Filed: Sep 10, 2024 · CIK: 1495231

Izea Worldwide, INC. 8-K Filing Summary
FieldDetail
CompanyIzea Worldwide, INC. (IZEA)
Form Type8-K
Filed DateSep 10, 2024
Risk Levelmedium
Pages9
Reading Time10 min
Key Dollar Amounts$0.0001, $425,000, $400, $400,000, $450,000
Sentimentneutral

Sentiment: neutral

Topics: executive-changes, board-appointments, cfo-appointment

TL;DR

IZEA names new CFO (Christopher L. Johnson) & 2 board members (Scott W. Johnson, Michael J. Mulroy) effective Sept 9.

AI Summary

IZEA Worldwide, Inc. announced on September 6, 2024, a series of executive changes. The company appointed Christopher L. Johnson as Chief Financial Officer and Treasurer, effective September 9, 2024. Additionally, the Board of Directors elected two new members, Scott W. Johnson and Michael J. Mulroy, also effective September 9, 2024. These appointments follow the departure of former CFO, Ryan L. Schramm, and director, David P. Politis.

Why It Matters

The appointment of a new CFO and board members can signal a strategic shift or a response to performance, potentially impacting investor confidence and future company direction.

Risk Assessment

Risk Level: medium — Executive and board changes can indicate underlying issues or strategic shifts that may carry financial risks.

Key Players & Entities

FAQ

Who has been appointed as the new Chief Financial Officer and Treasurer of IZEA Worldwide, Inc.?

Christopher L. Johnson has been appointed as the new Chief Financial Officer and Treasurer, effective September 9, 2024.

When were the new directors elected to the Board of Directors?

The new directors, Scott W. Johnson and Michael J. Mulroy, were elected to the Board of Directors effective September 9, 2024.

What is the effective date for the new executive and director appointments?

The appointments of Christopher L. Johnson, Scott W. Johnson, and Michael J. Mulroy are effective September 9, 2024.

Who previously held the position of CFO at IZEA Worldwide, Inc.?

Ryan L. Schramm was the former CFO of IZEA Worldwide, Inc.

What is the state of incorporation for IZEA Worldwide, Inc.?

IZEA Worldwide, Inc. is incorporated in Nevada.

Filing Stats: 2,550 words · 10 min read · ~9 pages · Grade level 11.8 · Accepted 2024-09-09 17:31:56

Key Financial Figures

Filing Documents

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On September 9, 2024, the Company issued a press release with respect to certain of the matters described in this Current Report on Form 8-K (the "Press Release"). A copy of the Press Release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Agreement and Release, dated September 6, 2024, between the Company and Edward H. (Ted) Murphy. 10.2 Agreement and Release, dated September 6, 2024, between the Company and Ryan S. Schram. 10.3 Employment Agreement effective as of September 6, 2024, between IZEA Worldwide, Inc. and Patrick J. Venetucci. 99.1 Press release issued by IZEA Worldwide, Inc. on September 9, 2024, reporting TBD 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 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. IZEA WORLDWIDE, INC. Date: September 9, 2024 By:/s/ Peter J. Biere Peter J. Biere Chief Financial Officer

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