LFTD Partners Inc. Reports Director and Officer Changes

Ticker: LIFD · Form: 8-K · Filed: Dec 31, 2024 · CIK: 1391135

Sentiment: neutral

Topics: corporate-governance, officer-changes, director-changes

TL;DR

LFTD Partners Inc. filed an 8-K detailing changes to its board and executive officers.

AI Summary

LFTD Partners Inc. filed an 8-K on December 19, 2024, reporting changes related to its board of directors and officers, including the election of new directors and potential adjustments to compensatory arrangements. The filing also notes the company's former names, Acquired Sales Corp, and its incorporation in Nevada.

Why It Matters

Changes in a company's board and executive team can signal shifts in strategy, governance, or operational focus, potentially impacting investor confidence and future performance.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of corporate governance changes and does not inherently present immediate financial risks.

Key Players & Entities

FAQ

What specific changes were made to LFTD Partners Inc.'s board of directors or officers?

The filing indicates the election of directors and appointment of certain officers, along with potential changes to compensatory arrangements, but does not detail the specific individuals or roles affected in this excerpt.

When was this 8-K filing submitted?

The filing was submitted on December 19, 2024.

What was LFTD Partners Inc. previously known as?

LFTD Partners Inc. was formerly known as Acquired Sales Corp.

In which state is LFTD Partners Inc. incorporated?

LFTD Partners Inc. is incorporated in Nevada.

What is the primary business of LFTD Partners Inc. according to the SIC code?

According to the Standard Industrial Classification (SIC) code provided, LFTD Partners Inc. is in the 'Pharmaceutical Preparations' industry.

Filing Stats: 452 words · 2 min read · ~2 pages · Grade level 9 · Accepted 2024-12-31 16:12:20

Filing Documents

02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers

Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. 5.02(d) On December 19, 2024, the Board of Directors of LFTD Partners Inc. appointed William C. "Jake" Jacobs, CPA to fill a vacancy to serve as the ninth member of LFTD Partners Inc.'s nine-member Board of Directors. The vacancy was created by the untimely passing of Robert T. Warrender II earlier this month. Mr. Jacobs formally accepted the appointment on December 20, 2024. William C. "Jake" Jacobs, CPA, age 36, has been the President, Chief Financial Officer and Treasurer of LFTD Partners Inc. since February 27, 2019. Previously, Mr. Jacobs worked in the Assurance Division of Ernst & Young (doing business as EY), auditing both publicly traded and privately held companies. Mr. Jacobs graduated from the University of Southern California, with a double major in Accounting and Business Administration with a concentration in Finance. In both 2024 and 2015, Mr. Jacobs won the Gold Medal at the United States of America Snowboard and Freeski Association (USASA) National Championships in the Boardercross Snowboard Men's event, in the Master (30-39) and Senior (23-29) divisions, respectively. He is also an avid kiteboarder and wakeboarder. Mr. Jacobs is the son of Chairman and CEO Gerard M. Jacobs and nephew of director James S. Jacobs.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized. LFTD PARTNERS INC. /s/ Gerard M. Jacobs Gerard M. Jacobs Chief Executive Officer Dated: December 31, 2024 1

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