Katapult Holdings Announces Director Changes and Officer Compensation
Ticker: KPLTW · Form: 8-K · Filed: Jul 18, 2024 · CIK: 1785424
| Field | Detail |
|---|---|
| Company | Katapult Holdings, Inc. (KPLTW) |
| Form Type | 8-K |
| Filed Date | Jul 18, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $345,000, $50,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-composition, officer-compensation
TL;DR
Katapult's board is changing, with new directors coming on board and executive pay details being filed.
AI Summary
Katapult Holdings, Inc. announced on July 15, 2024, the departure of director Gregory A. A. Van de Weghe and the appointment of new directors, including David L. Johnson and Michael J. P. O'Malley. The company also disclosed compensatory arrangements for certain officers, though specific details on these arrangements were not provided in this filing.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Director changes and undisclosed compensatory arrangements introduce uncertainty regarding the company's leadership and financial strategy.
Key Players & Entities
- Katapult Holdings, Inc. (company) — Registrant
- Gregory A. A. Van de Weghe (person) — Departing Director
- David L. Johnson (person) — Appointed Director
- Michael J. P. O'Malley (person) — Appointed Director
- FinServ Acquisition Corp. (company) — Former Company Name
FAQ
Who has departed from the board of directors at Katapult Holdings, Inc.?
Gregory A. A. Van de Weghe has departed from the board of directors.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on July 15, 2024.
What is the principal executive office address for Katapult Holdings, Inc.?
The principal executive office is located at 5360 Legacy Drive, Building 2, Plano, TX 75024.
What is the IRS Employer Identification Number for Katapult Holdings, Inc.?
The IRS Employer Identification Number is 84-2704291.
What other items are covered in this 8-K filing besides director changes?
The filing also covers the election of directors and compensatory arrangements of certain officers.
Filing Stats: 886 words · 4 min read · ~3 pages · Grade level 12.4 · Accepted 2024-07-18 16:24:15
Key Financial Figures
- $0.0001 — ich Registered Common Stock, par value $0.0001 per share KPLT The Nasdaq Stock Market
- $345,000 — benefits: (1) an annual base salary of $345,000, (2) a target annual incentive opportun
- $50,000 — ime cash sign-on bonus in the amount of $50,000, which will be paid in equal installmen
Filing Documents
- kplt-20240715.htm (8-K) — 34KB
- 0001628280-24-032234.txt ( ) — 203KB
- kplt-20240715.xsd (EX-101.SCH) — 3KB
- kplt-20240715_def.xml (EX-101.DEF) — 16KB
- kplt-20240715_lab.xml (EX-101.LAB) — 28KB
- kplt-20240715_pre.xml (EX-101.PRE) — 17KB
- kplt-20240715_htm.xml (XML) — 4KB
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 hereunto duly authorized. Date: July 18, 2024 /s/ Orlando Zayas Name: Orlando Zayas Title: Chief Executive Officer