Mastech Digital Announces Director Changes and Officer Compensation Details
Ticker: MHH · Form: 8-K · Filed: Mar 12, 2024 · CIK: 1437226
| Field | Detail |
|---|---|
| Company | Mastech Digital, INC. (MHH) |
| Form Type | 8-K |
| Filed Date | Mar 12, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 8 min |
| Key Dollar Amounts | $585,000, $282,000, $25,000, $450,000, $184,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, governance, officer-compensation
Related Tickers: MNTK
TL;DR
Board shuffle at Mastech Digital, new director in, old one out. Officer pay details also filed.
AI Summary
Mastech Digital, Inc. announced on March 8, 2024, the departure of Director Michael L. Smith and the appointment of Robert J. M. M. J. Van Der Zwan as a new director. The company also disclosed compensatory arrangements for certain officers, though specific details of 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: low — This filing primarily concerns routine corporate governance changes and disclosures, with no immediate financial implications presented.
Key Players & Entities
- Mastech Digital, Inc. (company) — Registrant
- Michael L. Smith (person) — Departing Director
- Robert J. M. M. J. Van Der Zwan (person) — Appointed Director
- March 8, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as a new director to Mastech Digital's board?
Robert J. M. M. J. Van Der Zwan has been appointed as a new director.
Which director has departed from Mastech Digital's board?
Michael L. Smith has departed from the board of directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is March 8, 2024.
What specific compensatory arrangements for officers are mentioned?
The filing mentions compensatory arrangements of certain officers but does not provide specific details within the provided text.
In which state is Mastech Digital, Inc. incorporated?
Mastech Digital, Inc. is incorporated in Pennsylvania.
Filing Stats: 1,915 words · 8 min read · ~6 pages · Grade level 11.5 · Accepted 2024-03-12 16:01:52
Key Financial Figures
- $585,000 — ril 1, 2024, Mr. Gupta's base salary is $585,000 per year, subject to review and modific
- $282,000 — annual performance-based cash bonus of $282,000 for the achievement of certain financia
- $25,000 — ination date and reimbursement of up to $25,000 for outplacement services. The exercise
- $450,000 — il 1, 2024, Mr. Cronin's base salary is $450,000 per year. The Cronin Employment Agreeme
- $184,000 — annual performance-based cash bonus of $184,000 for the achievement of certain financia
Filing Documents
- d751112d8k.htm (8-K) — 36KB
- d751112dex101.htm (EX-10.1) — 77KB
- d751112dex102.htm (EX-10.2) — 68KB
- 0001193125-24-065845.txt ( ) — 348KB
- mhh-20240308.xsd (EX-101.SCH) — 3KB
- mhh-20240308_lab.xml (EX-101.LAB) — 18KB
- mhh-20240308_pre.xml (EX-101.PRE) — 11KB
- d751112d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Fifth Amended and Restated Executive Employment Agreement, dated as of March 8, 2024, between Mastech Digital Technologies, Inc., Mastech Digital, Inc. and Vivek Gupta. 10.2 Fourth Amended and Restated Executive Employment Agreement, dated as of March 8, 2024, between Mastech Digital Technologies, Inc., Mastech Digital, Inc. and John J. Cronin, Jr. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). -3-
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. MASTECH DIGITAL, INC. By: /s/ John J. Cronin, Jr. Name: John J. Cronin, Jr. Title: Chief Financial Officer March 12, 2024