Knightscope Reports Executive Changes and Compensation Arrangements
Ticker: KSCP · Form: 8-K · Filed: Feb 20, 2024 · CIK: 1600983
| Field | Detail |
|---|---|
| Company | Knightscope, INC. (KSCP) |
| Form Type | 8-K |
| Filed Date | Feb 20, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation
TL;DR
**Knightscope just filed an 8-K about changes in its board/officers and their pay, effective February 19, 2024.**
AI Summary
Knightscope, Inc. filed an 8-K on February 20, 2024, reporting an event on February 19, 2024, concerning the departure or election of directors, appointment of officers, and compensatory arrangements. The filing indicates changes in leadership or executive compensation, which are standard disclosures for public companies. The company, incorporated in Delaware, has its business address at 1070 Terra Bella Avenue, Mountain View, California.
Why It Matters
Changes in executive leadership and compensation can signal strategic shifts or financial health, impacting investor confidence and the company's future direction.
Risk Assessment
Risk Level: low — This 8-K is a routine disclosure of corporate governance changes, not indicating immediate financial distress or major operational risks.
Key Players & Entities
- Knightscope, Inc. (company) — Registrant
- February 19, 2024 (date) — Date of earliest event reported
- February 20, 2024 (date) — Filing date
- Delaware (company) — State of incorporation for Knightscope, Inc.
- 1070 Terra Bella Avenue, Mountain View, California 94043 (company) — Business address of Knightscope, Inc.
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on February 19, 2024.
When was this 8-K filed with the SEC?
This 8-K was filed with the SEC on February 20, 2024.
What is the full name of the registrant company?
The full name of the registrant company is Knightscope, Inc.
What is the primary business address of Knightscope, Inc.?
The primary business address of Knightscope, Inc. is 1070 Terra Bella Avenue, Mountain View, California 94043.
What specific items are covered in this 8-K filing?
This 8-K filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
Filing Stats: 1,259 words · 5 min read · ~4 pages · Grade level 11.2 · Accepted 2024-02-20 07:30:26
Key Financial Figures
- $0.001 — tered Class A Common Stock, par value $0.001 per share KSCP Nasdaq Global Market
Filing Documents
- tm246663d1_8k.htm (8-K) — 29KB
- tm246663d1_8kimg01.jpg (GRAPHIC) — 4KB
- 0001104659-24-025214.txt ( ) — 212KB
- kscp-20240219.xsd (EX-101.SCH) — 3KB
- kscp-20240219_lab.xml (EX-101.LAB) — 33KB
- kscp-20240219_pre.xml (EX-101.PRE) — 22KB
- tm246663d1_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. Appointment of New Directors On February 19, 2024 (the "Commencement Date"), the board of directors (the "Board") of Knightscope, Inc. (the "Company") appointed each of William G. Billings, Robert A. Mocny, and Melvin W. Torrie to serve as a director of the Company, effective immediately, in each case with a term expiring at the Company's annual meeting of stockholders to be held in 2024 or until his earlier death, resignation, or removal. Each of Messrs. Billings, Mocny, and Torrie has been appointed to serve on the Compensation Committee of the Board and the Audit Committee of the Board, with Mr. Billings serving as the chair of both committees. There is no arrangement or understanding between any of Messrs. Billings, Mocny, or Torrie and any other person pursuant to which, in each case, he was selected as a director of the Company, and there is no family relationship between any of Messrs. Billings, Mocny, or Torrie and any of the Company's other directors or executive officers. The Company is not aware of any transaction involving Messrs. Billings, Mocny, or Torrie requiring disclosure under Item 404(a) of Regulation S-K. Effective as of February 20, 2024 (the "Grant Date"), each of Messrs. Billings, Mocny, and Torrie were granted an initial option to purchase 100,000 shares of the Company's Class A Common Stock, par value $0.001 per share, with the options vesting on the Grant Date. Each of Messrs. Billings, Mocny, and Torrie are expected to enter into the Company's standard form of indemnification agreement. William G. Billings William ("Will") G. Billings, age 47, has served as the vice president of finance and chief accounting officer of GlobalFoundries, one of the world's leading semiconductor manufacturers, since November 2021, where he is responsible for overseeing the company's global fin
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. knightscope, INC. Date: February 20, 2024 By: /s/ William Santana Li Name: William Santana Li Title: Chief Executive Officer and President