Marpai 8-K Signals Potential Leadership/Comp Changes
Ticker: MRAI · Form: 8-K · Filed: Jan 18, 2024 · CIK: 1844392
| Field | Detail |
|---|---|
| Company | Marpai, INC. (MRAI) |
| Form Type | 8-K |
| Filed Date | Jan 18, 2024 |
| Risk Level | medium |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.0001, $150,000, $1.00, $35,568, $2.50 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, executive-changes, compensation
TL;DR
**Marpai filed an 8-K on Jan 18, hinting at executive changes or new compensation, watch for details.**
AI Summary
Marpai, Inc. filed an 8-K on January 18, 2024, reporting an event that occurred on January 11, 2024. This filing indicates a current report regarding potential changes in directors or officers, compensatory arrangements, or other significant events, as per Item 5.02 and Item 8.01. For investors, this matters because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership or compensation can directly influence a company's strategic direction and operational efficiency, which are critical factors for long-term stock value.
Risk Assessment
Risk Level: medium — The filing indicates potential changes in leadership or compensation, which can introduce uncertainty but also opportunities, making it a medium risk.
Analyst Insight
A smart investor would monitor Marpai, Inc. for subsequent filings or press releases that provide specific details about the nature of the events referenced in Item 5.02 and 8.01, as these will clarify the impact on the company's future.
Key Numbers
- $0.0001 — Par Value per Share (This is the stated par value for Marpai's Class A Common Stock.)
Key Players & Entities
- Marpai, Inc. (company) — the registrant filing the 8-K
- January 11, 2024 (date) — date of the earliest event reported
- January 18, 2024 (date) — date the 8-K was filed
- 001-40904 (other) — Commission File Number for Marpai, Inc.
- MRAI (other) — trading symbol for Marpai, Inc. Class A Common Stock
- $0.0001 (dollar_amount) — par value per share of Class A Common Stock
FAQ
What is the primary purpose of this 8-K filing by Marpai, Inc.?
The 8-K filing by Marpai, Inc. is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically referencing Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) and Item 8.01 (Other Events), and Item 9.01 (Financial Statements and Exhibits).
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 11, 2024.
What is the trading symbol and exchange for Marpai, Inc.'s Class A Common Stock?
Marpai, Inc.'s Class A Common Stock trades under the symbol MRAI on The Nasdaq Stock Market LLC.
What is the state of incorporation for Marpai, Inc.?
Marpai, Inc. is incorporated in Delaware.
What is Marpai, Inc.'s business address?
Marpai, Inc.'s business address is 615 Channelside Drive, Suite 207, Tampa, Florida, 33602.
Filing Stats: 1,497 words · 6 min read · ~5 pages · Grade level 10.7 · Accepted 2024-01-18 16:13:24
Key Financial Figures
- $0.0001 — tered Class A Common Stock, par value $0.0001 per share MRAI The Nasdaq Stock Mar
- $150,000 — ers’ gross annual salary will be $150,000. Mr. Powers will be eligible for bonuse
- $1.00 — la’s gross annual salary will be $1.00. Mr. Lamendola will be eligible for bon
- $35,568 — on’s gross annual salary will be $35,568. Mr. Johnson will be eligible for bonus
- $2.50 — anuary 31, 2029 at an exercise price of $2.50 per share. Consulting Agreement On
- $5,000 — Mr. Antebi a monthly retainer fee of $5,000. In addition, certain stock options tha
Filing Documents
- mrai-20240111.htm (8-K) — 55KB
- mrai-ex10_1.htm (EX-10.1) — 44KB
- mrai-ex10_2.htm (EX-10.2) — 44KB
- mrai-ex10_3.htm (EX-10.3) — 44KB
- mrai-ex10_4.htm (EX-10.4) — 65KB
- mrai-ex10_5.htm (EX-10.5) — 66KB
- mrai-ex99_1.htm (EX-99.1) — 12KB
- img155121336_0.jpg (GRAPHIC) — 6KB
- 0000950170-24-005385.txt ( ) — 503KB
- mrai-20240111.xsd (EX-101.SCH) — 24KB
- mrai-20240111_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events. On January 12, 2024, the Company issued a press release titled, “Marpai Hires John Powers as President.” A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated by reference herein.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1 Employment Agreement, dated January 18, 2024, by and between Marpai, Inc. and John Powers 10.2 Employment Agreement, dated January 11, 2024, by and between Marpai, Inc. and Damien Lamendola 10.3 Employment Agreement, dated January 11, 2024, by and between Marpai, Inc. and Steve Johnson 10.4 Separation Agreement, dated January 15, 2024, by and between Marpai, Inc. and Gonen Antebi 10.5 Consulting Agreement, dated January 15, 2024, by and between Marpai, Inc. and Gonen Antebi 99.1 Press release dated January 12, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)
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. MARPAI, INC. Date: January 18, 2024 By: /s/ Damien Lamendola Name: Damien Lamendola Title: Chief Executive Officer