LSI Industries Appoints New CFO, Sets Salary
Ticker: LYTS · Form: 8-K · Filed: Jun 4, 2024 · CIK: 763532
| Field | Detail |
|---|---|
| Company | Lsi Industries Inc (LYTS) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
LSI Industries names Jim Ragain as new CFO, paying him $275k base + bonus/equity.
AI Summary
LSI Industries Inc. announced on May 31, 2024, the appointment of James R. (Jim) Ragain as Chief Financial Officer, effective immediately. Ragain, who has been with the company since 2017 and previously served as Vice President of Finance, will receive an annual base salary of $275,000. He will also be eligible for a discretionary annual bonus and equity awards.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: low — This filing reports a routine executive appointment and compensation details, which typically carries low risk.
Key Numbers
- $275,000 — CFO Base Salary (Annual compensation for the newly appointed Chief Financial Officer.)
Key Players & Entities
- LSI Industries Inc. (company) — Registrant
- James R. (Jim) Ragain (person) — Appointed Chief Financial Officer
- $275,000 (dollar_amount) — Annual base salary for new CFO
- May 31, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of LSI Industries Inc.?
James R. (Jim) Ragain has been appointed as the new Chief Financial Officer.
When was the appointment of the new CFO effective?
The appointment was effective May 31, 2024.
What is the annual base salary for the new CFO?
The annual base salary for James R. Ragain is $275,000.
What other forms of compensation is the new CFO eligible for?
The new CFO is eligible for a discretionary annual bonus and equity awards.
What was James R. Ragain's previous role within LSI Industries?
James R. Ragain previously served as Vice President of Finance.
Filing Stats: 434 words · 2 min read · ~1 pages · Grade level 11.6 · Accepted 2024-06-04 16:06:16
Filing Documents
- lyts20240604_8k.htm (8-K) — 23KB
- a01.jpg (GRAPHIC) — 7KB
- 0001437749-24-019185.txt ( ) — 169KB
- lyts-20240531.xsd (EX-101.SCH) — 3KB
- lyts-20240531_def.xml (EX-101.DEF) — 11KB
- lyts-20240531_lab.xml (EX-101.LAB) — 15KB
- lyts-20240531_pre.xml (EX-101.PRE) — 11KB
- lyts20240604_8k_htm.xml (XML) — 3KB
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. LSI INDUSTRIES INC. BY: /s/ Thomas A. Caneris Thomas A. Caneris Executive Vice President –Human Resources and General Counsel Dated: June 4, 2024