MultiSensor AI Holdings Reports Director/Officer Changes & Financials
Ticker: MSAIW · Form: 8-K · Filed: Nov 27, 2024 · CIK: 1863990
| Field | Detail |
|---|---|
| Company | Multisensor Ai Holdings, INC. (MSAIW) |
| Form Type | 8-K |
| Filed Date | Nov 27, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $175,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, corporate-governance, filing
Related Tickers: MSAI
TL;DR
MSAI reshuffled its board and exec team, filed financials. Big changes incoming.
AI Summary
MultiSensor AI Holdings, Inc. filed an 8-K on November 27, 2024, reporting on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. The filing also includes financial statements and exhibits. The company was formerly known as Infrared Cameras Holdings, Inc. and Sportsmap Tech Acquisition Corp.
Why It Matters
This filing indicates significant changes in the company's leadership and governance structure, which could impact its strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in directors and officers, coupled with the filing of financial statements, suggest potential strategic shifts or operational adjustments that carry inherent business risks.
Key Players & Entities
- MultiSensor AI Holdings, Inc. (company) — Registrant
- Infrared Cameras Holdings, Inc. (company) — Former company name
- Sportsmap Tech Acquisition Corp. (company) — Former company name
FAQ
What specific changes were made to the board of directors and officer appointments?
The filing indicates the departure of directors, election of new directors, and appointment of certain officers, along with details on compensatory arrangements for these officers.
When did the company officially change its name from Infrared Cameras Holdings, Inc.?
The date of the name change from Infrared Cameras Holdings, Inc. was December 19, 2023.
What is the primary business of MultiSensor AI Holdings, Inc. according to its SIC code?
The company's Standard Industrial Classification (SIC) code is 3827, which corresponds to Optical Instruments & Lenses.
What is the filing date and the earliest event date reported in this 8-K?
The filing date is November 27, 2024, and the earliest event reported is November 26, 2024.
Where is MultiSensor AI Holdings, Inc. headquartered?
The company's business address is 2105 West Cardinal Drive, Beaumont, TX 77705.
Filing Stats: 1,003 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-11-27 09:06:35
Key Financial Figures
- $0.0001 — ge on which registered Common stock, $0.0001 par value per share MSAI The Nasdaq
- $175,000 — es, the Company will pay a fee equal to $175,000 per annum, paid in equal installments e
Filing Documents
- tm2429670d1_8k.htm (8-K) — 36KB
- tm2429670d1_ex10-1.htm (EX-10.1) — 27KB
- 0001104659-24-123467.txt ( ) — 291KB
- msai-20241126.xsd (EX-101.SCH) — 4KB
- msai-20241126_def.xml (EX-101.DEF) — 26KB
- msai-20241126_lab.xml (EX-101.LAB) — 36KB
- msai-20241126_pre.xml (EX-101.PRE) — 25KB
- tm2429670d1_8k_htm.xml (XML) — 8KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 26, 2024, Stuart V Flavin, III, a member of the Board of Directors (the "Board") of MultiSensor AI Holdings, Inc. (the "Company"), was appointed as the Company's Interim Chief Executive Officer, effective as of November 26, 2024 (the "Effective Date"), succeeding Gary Strahan, who resigned as the Company's Chief Executive Officer, effective as of the Effective Date (the "Executive Transition"). In connection with his appointment, Mr. Flavin will serve as the Company's principal executive officer, effective as of the Effective Date. Mr. Strahan will continue to provide services to the Company as described below. Mr. Flavin, age 57, has served as a director of MSAI since 2023. Mr. Flavin served as the Chief Operating Officer of Healthier Cleaning Innovations from March 2016 to July 2022. Additionally, Mr. Flavin served as the Chief Executive Officer from April 2018 to August 2019 and served as the Chief Operating Officer from January 2015 to March 2018 of N12 Technologies, Inc. Previously, Mr. Flavin served as the VP of Innovation for P&G's Global Shave Care business from July 2009 to October 2012, where he focused on innovation strategy, product/technical roadmap planning, and program execution. Previously, Mr. Flavin was the VP of Global Operations for the Blades and Razors Business from January 2006 to June 2009. Prior to this, Mr. Flavin was a Partner at McKinsey & Company where he focused on operational excellence across many industrial companies and co-led the Operations Practice. Mr. Flavin served as a director of Healthier Cleaning Innovations from June 2014 to June 2015 and N12 Technologies, Inc. from October 2012 to August 2019. Mr. Flavin received a B.S. in Chemical Engineering from the University of Rochester, where he graduated magna cum laude, as well as an M.B.A from Harvard Busines
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . Exhibit No. Description 10.1 Consulting Agreement, dated November 26, 2024 by and between Gary Strahan and MultiSensor AI Holdings, Inc. 104 Cover Page Interactive Data File (formatted as Inline XBRL document)
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. MULTISENSOR AI HOLDINGS, INC. Date: November 27, 2024 By: /s/ Steven Winch Steven Winch President