Momentus Inc. Announces Board & Executive Changes
Ticker: MNTSW · Form: 8-K · Filed: Mar 25, 2024 · CIK: 1781162
| Field | Detail |
|---|---|
| Company | Momentus INC. (MNTSW) |
| Form Type | 8-K |
| Filed Date | Mar 25, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $340 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, corporate-governance, filing
Related Tickers: MNTS
TL;DR
Momentus shakes up leadership with new directors and officers, filing key corporate updates.
AI Summary
Momentus Inc. announced on March 19, 2024, a series of significant corporate actions. These include the election of new directors, the appointment of new officers, and adjustments to compensatory arrangements for certain executives. The company also provided a Regulation FD disclosure and reported on other events, alongside filing financial statements and exhibits.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy, operational focus, or financial direction.
Risk Assessment
Risk Level: medium — Changes in leadership and executive compensation can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- Momentus Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 2024-03-19 (date) — Earliest event reported
FAQ
What specific changes were made to Momentus Inc.'s board of directors?
The filing indicates the election of directors as a key event, but specific names and details of the changes are not provided in this summary section.
Were there any new appointments of officers at Momentus Inc. on or around March 19, 2024?
Yes, the filing lists the appointment of certain officers as a reported event.
What is the significance of the Regulation FD disclosure mentioned in the filing?
A Regulation FD disclosure ensures that material non-public information is broadly disseminated to the public, preventing selective disclosure.
Does the filing include updated financial statements for Momentus Inc.?
Yes, the filing explicitly states that financial statements and exhibits are being included.
What was Momentus Inc.'s former company name?
Momentus Inc.'s former company name was Stable Road Acquisition Corp., with a date of name change on 20190628.
Filing Stats: 862 words · 3 min read · ~3 pages · Grade level 10.4 · Accepted 2024-03-25 16:18:15
Key Financial Figures
- $340 — Ensler will be compensated at a rate of $340 per hour. Item 7.01 Regulation FD Di
Filing Documents
- ef20025043_8k.htm (8-K) — 35KB
- ef20025043_ex99-1.htm (EX-99.1) — 8KB
- ef20025043_ex99-2.htm (EX-99.2) — 3KB
- 0001140361-24-015040.txt ( ) — 225KB
- mnts-20240319.xsd (EX-101.SCH) — 4KB
- mnts-20240319_def.xml (EX-101.DEF) — 17KB
- mnts-20240319_lab.xml (EX-101.LAB) — 26KB
- mnts-20240319_pre.xml (EX-101.PRE) — 20KB
- ef20025043_8k_htm.xml (XML) — 6KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Interim Chief Financial Officer On March 25, 2024, Momentus Inc. (the "Company"), announced the appointment of Lon Ensler, age 65, as the interim Chief Financial Officer of the Company, effective on April 2, 2024. Mr. Ensler will assume the responsibilities of current Chief Financial Officer Eric Williams, who tendered his resignation from the Company on March 19, 2024, to be effective end of day April 1, 2024. Mr. Ensler has more than 30 years of experience as a financial executive. Since February 2019, he served as the Chief Financial Officer of Ziteo Medical, Inc., a provider of next generation molecular imaging medical devices. Prior to that, Mr. Ensler provided advisory, consulting and interim CFO services for a number of companies through his consulting firm Ensler Consulting from June 2015 through February 2019. Prior to that, Mr. Ensler served as the Chief Financial Officer of Xradia, Inc., a provider of high-tech capital equipment, from 2008 until 2015. There are no family relationships between Mr. Ensler and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. As Interim Chief Financial Officer, Mr. Ensler will be compensated at a rate of $340 per hour.
01
Item 7.01 Regulation FD Disclosure. On March 25, 2024, the Company issued a press release regarding the management changes discussed above. A copy of the press release is attached as Exhibit 99.1 to this Form 8-K. This information and the information contained in Exhibit 99.1 is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in any such filing, regardless of any general incorporation language in the filing. The Company does not have, and expressly disclaims, any obligation to release publicly any updates or any changes in its expectations or any change in events, conditions, or circumstances on which any forward-looking statement is based.
01
Item 8.01 Other Events. On March 25, 2024, the Company issued a press release, a copy of which is furnished as Exhibit 99.2 hereto and incorporated by reference into this Item 8.01, announcing that the Company has cancelled its special meeting of the stockholders, which was originally scheduled to be held on March 15, 2024, but was adjourned to March 25, 2024 due to lack of quorum.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 99.1 Press Release, dated March 25, 2024, issued by Momentus Inc. 99.2 Press Release, dated March 25, 2024, issued by Momentus Inc. 104 Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101) SIGNATURE 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. By: /s/ Paul Ney Name: Paul Ney Dated: March 25, 2024 Title: Chief Legal Officer and Corporate Secretary