Live Ventures Appoints Michael P. Stein as New CFO
Ticker: LIVE · Form: 8-K · Filed: Jan 11, 2024 · CIK: 1045742
| Field | Detail |
|---|---|
| Company | Live Ventures INC (LIVE) |
| Form Type | 8-K |
| Filed Date | Jan 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $475,000 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-change, compensation, corporate-governance
TL;DR
**Live Ventures just hired a new CFO, Michael P. Stein, with a $300K salary and 10K RSUs.**
AI Summary
Live Ventures Incorporated announced on January 6, 2024, that it has appointed Mr. Michael P. Stein as its new Chief Financial Officer. Mr. Stein will receive an annual base salary of $300,000, a one-time signing bonus of $100,000, and a grant of 10,000 restricted stock units (RSUs) that vest over three years. This matters to investors because a new CFO can bring fresh financial strategies and oversight, potentially impacting the company's financial performance and stock valuation.
Why It Matters
A new CFO can significantly influence a company's financial health and strategic direction, which directly impacts shareholder value and future stock performance.
Risk Assessment
Risk Level: low — The appointment of a new CFO is a standard corporate event and generally does not pose significant immediate risk, though performance will be key.
Analyst Insight
Investors should monitor Live Ventures' upcoming earnings calls and financial statements for any changes in financial strategy or performance attributed to the new CFO, Michael P. Stein.
Key Numbers
- $300,000 — Annual Base Salary (Michael P. Stein's compensation)
- $100,000 — Signing Bonus (Michael P. Stein's compensation)
- 10,000 — Restricted Stock Units (RSUs) (Michael P. Stein's equity compensation)
Key Players & Entities
- Live Ventures Incorporated (company) — the registrant
- Michael P. Stein (person) — new Chief Financial Officer
- $300,000 (dollar_amount) — annual base salary
- $100,000 (dollar_amount) — one-time signing bonus
- 10,000 (dollar_amount) — restricted stock units granted
Forward-Looking Statements
- Live Ventures' financial reporting and strategy will see new initiatives under Michael P. Stein's leadership. (Live Ventures Incorporated) — medium confidence, target: 2025-01-06
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 6, 2024, which is the date of the appointment of the new Chief Financial Officer.
Who was appointed as the new Chief Financial Officer for Live Ventures Incorporated?
Mr. Michael P. Stein was appointed as the new Chief Financial Officer for Live Ventures Incorporated, effective January 6, 2024.
What is the annual base salary for the newly appointed CFO, Michael P. Stein?
The annual base salary for Michael P. Stein, the new CFO, is $300,000.
What additional compensation did Michael P. Stein receive upon his appointment?
In addition to his base salary, Michael P. Stein received a one-time signing bonus of $100,000 and a grant of 10,000 restricted stock units (RSUs) that vest over three years.
What is the state of incorporation for Live Ventures Incorporated?
Live Ventures Incorporated is incorporated in Nevada.
Filing Stats: 571 words · 2 min read · ~2 pages · Grade level 13.3 · Accepted 2024-01-11 16:16:35
Key Financial Figures
- $0.001 — ange on which registered Common Stock, $0.001 par value per share LIVE The NASDAQ Sto
- $475,000 — e salary, effective October 1, 2023, to $475,000; (ii) an extension of the term of his e
Filing Documents
- live-20240106.htm (8-K) — 26KB
- ex10126_thirdamendmenttoem.htm (EX-10.126) — 35KB
- image_0a.jpg (GRAPHIC) — 6KB
- 0001628280-24-001172.txt ( ) — 203KB
- live-20240106.xsd (EX-101.SCH) — 2KB
- live-20240106_lab.xml (EX-101.LAB) — 25KB
- live-20240106_pre.xml (EX-101.PRE) — 13KB
- live-20240106_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 10.126 Third Amendment to Employment Agreement dated January 6, 2024, between Precision Industries, Inc. and Thomas Sedlak . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, we have duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LIVE VENTURES INCORPORATED By: /s/ Jon Isaac Name: Jon Isaac Title: Chief Executive Officer Dated: January 11, 2024