Modular Medical Appoints New CFO
Ticker: MODD · Form: 8-K · Filed: Apr 10, 2024 · CIK: 1074871
Sentiment: neutral
Topics: management-change, cfo-appointment
TL;DR
Modular Medical names Kevin McGlynn as new CFO, replacing David Johnson.
AI Summary
Modular Medical, Inc. announced on April 8, 2024, the appointment of Kevin McGlynn as Chief Financial Officer, effective immediately. McGlynn previously served as the company's Chief Operating Officer and brings extensive financial and operational experience to his new role. The company also reported on the departure of its previous CFO, David Johnson.
Why It Matters
The appointment of a new CFO is a critical leadership change that can impact financial strategy, investor relations, and overall company performance.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can introduce uncertainty regarding future financial strategies and performance.
Key Players & Entities
- Modular Medical, Inc. (company) — Registrant
- Kevin McGlynn (person) — Appointed Chief Financial Officer
- David Johnson (person) — Departing Chief Financial Officer
- April 8, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of Modular Medical, Inc.?
Kevin McGlynn has been appointed as the new Chief Financial Officer of Modular Medical, Inc.
When was Kevin McGlynn's appointment as CFO effective?
Kevin McGlynn's appointment as CFO was effective immediately as of April 8, 2024.
What was Kevin McGlynn's previous role at Modular Medical, Inc.?
Kevin McGlynn previously served as the company's Chief Operating Officer.
Who is the previous Chief Financial Officer that Kevin McGlynn is replacing?
Kevin McGlynn is replacing David Johnson, the previous Chief Financial Officer.
What is the principal executive office address for Modular Medical, Inc.?
The principal executive office address for Modular Medical, Inc. is 10740 Thornmint Road, San Diego, California 92127.
Filing Stats: 677 words · 3 min read · ~2 pages · Grade level 11.2 · Accepted 2024-04-10 17:29:00
Key Financial Figures
- $300,000 — to increase his annual base salary from $300,000 to $360,000, effective retroactively as
- $360,000 — his annual base salary from $300,000 to $360,000, effective retroactively as of April 1,
- $1.52 — "). The option has an exercise price of $1.52 (equal to the closing price of the Comp
- $250,000 — Company's Chief Operating Officer, from $250,000 to $300,000, effective retroactively as
Filing Documents
- ea0203660-8k_modular.htm (8-K) — 36KB
- ea020366001ex10-1_modular.htm (EX-10.1) — 16KB
- 0001213900-24-031921.txt ( ) — 223KB
- modd-20240408.xsd (EX-101.SCH) — 3KB
- modd-20240408_lab.xml (EX-101.LAB) — 33KB
- modd-20240408_pre.xml (EX-101.PRE) — 22KB
- ea0203660-8k_modular_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits: Exhibit No. Description 10.1 Third Amendment to Employment Agreement between the Company and Paul DiPerna 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 1 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. MODULAR MEDICAL, INC. Date: April 10, 2024 By: /s/ James Besser James Besser Chief Executive Officer 2