Movano Inc. Reports Board and Executive Changes
Ticker: MOVE · Form: 8-K · Filed: Jan 2, 2025 · CIK: 1734750
| Field | Detail |
|---|---|
| Company | Movano Inc. (MOVE) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation
TL;DR
Movano Inc. shook up its board and exec comp. Big changes coming?
AI Summary
Movano Inc. filed an 8-K on January 2, 2025, reporting changes in its board and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and updates to compensatory arrangements for key personnel. Specific details regarding the individuals involved and the nature of the compensatory changes are outlined within the document.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in leadership and compensation structures can indicate internal shifts that may affect the company's future direction and performance.
Key Players & Entities
- Movano Inc. (company) — Registrant
- January 2, 2025 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- 6800 Koll Center Parkway (address) — Principal Executive Offices
- Pleasanton, CA (location) — Principal Executive Offices City and State
- 94566 (zip_code) — Principal Executive Offices Zip Code
- 415-651-317 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the departures of officers or directors?
The filing indicates the departure of certain officers and directors, but the specific roles are detailed within the full document.
Who are the newly elected directors?
The names of the newly elected directors are provided in the filing under the section detailing the election of directors.
What are the key changes in the compensatory arrangements for officers?
The filing outlines updates to the compensatory arrangements for certain officers, with specific details available in the relevant section.
What is the exact date of the earliest event reported in this 8-K?
The date of the earliest event reported is January 2, 2025.
What is Movano Inc.'s principal executive office address?
Movano Inc.'s principal executive office is located at 6800 Koll Center Parkway, Pleasanton, CA 94566.
Filing Stats: 614 words · 2 min read · ~2 pages · Grade level 11.5 · Accepted 2025-01-02 16:39:19
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share MOVE The Nasdaq Stock Mar
Filing Documents
- ea0226608-8k_movano.htm (8-K) — 25KB
- 0001213900-25-000411.txt ( ) — 194KB
- move-20250102.xsd (EX-101.SCH) — 3KB
- move-20250102_lab.xml (EX-101.LAB) — 33KB
- move-20250102_pre.xml (EX-101.PRE) — 22KB
- ea0226608-8k_movano_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 2, 2025, the Board of Directors (the "Board") of Movano Inc. (the "Company") appointed Shaheen Wirk as a Class III director. Mr. Wirk will hold office until the Company's Annual Meeting of Stockholders to be held in 2027 and until his successor is elected and qualified or until his earlier resignation, retirement, disqualification or removal. Mr. Wirk has also been appointed to serve on the Audit Committee of the Board. There were no arrangements or understanding between Mr. Wirk and any other person pursuant to which he was appointed as a director of the Company. Mr. Wirk does not have a direct or indirect material interest in any transactions required to be disclosed pursuant to Item 404(a) of Regulation S-K. In connection with his appointment, Mr. Wirk was granted options to purchase 13,300 shares of the Company's common stock pursuant to the Company's 2019 Omnibus Incentive Plan. Mr. Wirk will receive compensation for his service as a director in accordance with the Company's Non-Employee Director Compensation Policy, including an annual option award to purchase 10,000 shares of the Company's common stock. The Company and Mr. Wirk will enter into the Company's standard form of indemnification agreement for directors, a copy of which was previously filed as Exhibit 10.4 to the Company's Registration Statement on Form S-1 (File No. 333- 252671) filed with the Securities and Exchange Commission on February 2, 2021 and is incorporated herein by reference. 1
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. Movano Inc. Date: January 2, 2025 By: /s/ Jeremy Cogan Name: Jeremy Cogan Title: Chief Financial Officer 2