JANEL CORP Reports Executive/Director Changes on Feb 14
Ticker: JANL · Form: 8-K · Filed: Feb 16, 2024 · CIK: 1133062
| Field | Detail |
|---|---|
| Company | Janel CORP (JANL) |
| Form Type | 8-K |
| Filed Date | Feb 16, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, compensatory-arrangements
TL;DR
**JANEL CORP just filed an 8-K about changes to their executive team or compensation, keep an eye out for details!**
AI Summary
JANEL CORPORATION filed an 8-K on February 16, 2024, reporting an event that occurred on February 14, 2024. The filing pertains to Item 5.02, specifically regarding the Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The document indicates a change in the company's executive or director compensation structure or personnel, though specific names or dollar amounts are not detailed in the provided text.
Why It Matters
Changes in executive or director compensation and personnel can signal shifts in company strategy, financial health, or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive leadership or compensation can introduce uncertainty, but without specific details, the impact is unclear.
Key Players & Entities
- JANEL CORP (company) — Registrant
- February 14, 2024 (date) — Date of earliest event reported
- February 16, 2024 (date) — Filing date
- Nevada (company) — State of Incorporation
- 80 Eighth Avenue , New York , New York 10011 (company) — Address of Principal Executive Offices
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 14, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on February 16, 2024.
What is the primary item information reported in this 8-K?
The primary item information reported is "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers" under Item 5.02.
What is the full legal name of the registrant as specified in its charter?
The exact name of the registrant as specified in its charter is JANEL CORPORATION.
What is the business phone number for JANEL CORPORATION?
The business phone number for JANEL CORPORATION is (212) 373-5895.
Filing Stats: 679 words · 3 min read · ~2 pages · Grade level 12 · Accepted 2024-02-16 17:15:44
Key Financial Figures
- $250,000 — Board also approved an annual salary of $250,000 for Mr. Ferrara and an annual bonus wit
Filing Documents
- ef20021906_8k.htm (8-K) — 23KB
- 0001140361-24-008404.txt ( ) — 144KB
- janl-20240214.xsd (EX-101.SCH) — 4KB
- janl-20240214_lab.xml (EX-101.LAB) — 20KB
- janl-20240214_pre.xml (EX-101.PRE) — 14KB
- ef20021906_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 14, 2024, the Board of Directors (the "Board") of Janel Corporation (the "Company") appointed Joseph R. Ferrara, age 59, as Chief Financial Officer, Treasurer and Secretary of the Company, effective as of February 15, 2024 (the "Effective Date"). In his new role, Mr. Ferrara will act as the Company's principal financial officer and principal accounting officer as of the Effective Date. Before joining the Company, Mr. Ferrara was the Executive Officer and Chief Financial Officer of Rubicon Technology, Inc. (Rubicon), an OTC listed industrial company, from February 2023 to October 2023. Prior to joining Rubicon, Mr. Ferrara spent 15 years as a financial consultant to various other private companies. Prior to that Mr. Ferrara spent 17 years at Louis Dreyfus Commodities, North America, most recently as its Chief Financial Officer. Prior to that Mr. Ferrara spent five years with Ernst & Young as a senior auditor. Mr. Ferrara has a B.S. in Accounting from the University at Albany, State University of New York and an MBA in finance and international business from New York University's Stern School of Business. The Board also approved an annual salary of $250,000 for Mr. Ferrara and an annual bonus with terms to be agreed upon at a later date, subject to the Company's customary compensation policies. Mr. Ferrara will also be eligible to participate in the Company's benefits as may be offered from time to time to other similarly situated employees including participation in the Company's 401(k) plan. There are no arrangements or understandings between Mr. Ferrara and other persons pursuant to which he was appointed to serve as the Company's Chief Financial Officer, Treasurer and Secretary. In addition, there are no family relationships between Mr. Ferrara and any director or executive officer of the Com
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 thereunto duly authorized. JANEL CORPORATION (Registrant) Date: February 16, 2024 By: /s/ Joseph Ferrara Joseph Ferrara Chief Financial Officer