Neonode Appoints David Jonsson as CFO
Ticker: NEON · Form: 8-K · Filed: Apr 10, 2024 · CIK: 87050
Sentiment: neutral
Topics: executive-appointment, cfo, board-changes
TL;DR
Neonode names David Jonsson as new CFO, effective immediately.
AI Summary
Neonode Inc. announced on April 10, 2024, the appointment of David Jonsson as Chief Financial Officer, effective immediately. Jonsson previously served as the company's interim CFO. The company also reported on the election of new directors and changes in its compensatory arrangements.
Why It Matters
The appointment of a permanent CFO is a significant step in stabilizing the company's financial leadership and may signal a new phase of financial strategy and execution.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and operational execution.
Key Players & Entities
- Neonode Inc. (company) — Issuer of the report
- David Jonsson (person) — Appointed Chief Financial Officer
FAQ
Who has been appointed as the new Chief Financial Officer of Neonode Inc.?
David Jonsson has been appointed as the new Chief Financial Officer of Neonode Inc.
When was David Jonsson's appointment as CFO effective?
David Jonsson's appointment as CFO was effective immediately as of April 10, 2024.
What was David Jonsson's previous role at Neonode Inc.?
David Jonsson previously served as the interim CFO of Neonode Inc.
What other items were reported in this 8-K filing?
The filing also reported on the election of directors and changes in compensatory arrangements for certain officers.
What is Neonode Inc.'s principal executive office address?
Neonode Inc.'s principal executive office is located at Karlavägen 100, 115 26 Stockholm, Sweden.
Filing Stats: 888 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-04-10 09:15:09
Key Financial Figures
- $0.001 — h registered Common Stock, par value $0.001 per share NEON The Nasdaq Stock Mar
- $13,254 — salary of SEK 140,000 (approximately US$13,254) for his role as the Company's Chief Fi
- $3,314 — y salary of SEK 35,000 (approximately US$3,314) for his role as the Interim President
Filing Documents
- ea0203603-8k_neonode.htm (8-K) — 28KB
- ea020360301ex99-1_neonode.htm (EX-99.1) — 8KB
- ex99-1_001.jpg (GRAPHIC) — 3KB
- 0001213900-24-031748.txt ( ) — 211KB
- neon-20240410.xsd (EX-101.SCH) — 3KB
- neon-20240410_lab.xml (EX-101.LAB) — 33KB
- neon-20240410_pre.xml (EX-101.PRE) — 22KB
- ea0203603-8k_neonode_htm.xml (XML) — 3KB
02. Departure of Directors or Certain
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of President and Chief Executive Officer On April 10, 2024, Neonode Inc. (the "Company") announced the Company and its President and Chief Executive Officer ("CEO"), Dr. Urban Forssell, mutually agreed that Dr. Forssell will step down as President and CEO effective immediately. Dr. Forssell will serve as a strategic advisor to the Company and the Board of Directors (the "Board") until the end of 2024. Mr. Forssell's resignation occurred as part of the Company's growth strategy and is not related to any disagreement with the Company on any matter relating to the Company's operations, policies or practices. As of the filing of this Current Report on Form 8-K (this "Report"), the Compensation Nominating and Governance Committee of the Board and the Board have not finalized the certain termination agreement relating to the termination of Dr. Forssell's position of President and CEO and the retention of Dr. Forssell as a strategic advisor to the Company and the Board. The Company will provide this information by filing an amendment to this Report after the information is determined or becomes available. Appointment of Interim President and Chief Executive Officer In connection with the departure of Dr. Forssell, the Board appointed the Company's Chief Financial Officer, Fredrik Nihln, as the Company's Interim President and CEO effective immediately. Mr. Nihln will serve as Interim President and CEO until a new President and CEO is appointed. Mr. Nihln will be entitled to receive a monthly salary of SEK 140,000 (approximately US$13,254) for his role as the Company's Chief Financial Officer and an additional monthly salary of SEK 35,000 (approximately US$3,314) for his role as the Interim President and CEO. Mr. Nihln is not entitled to any additional compensation relating to his appointment as Inter
01. Other Events
Item 8.01. Other Events. On April 10, 2024, the Company issued a press release announcing the resignation of Dr. Forssell as the Company's President and CEO and the appointment of Mr. Nihln as Interim President and CEO. A copy of the press release is attached as Exhibit 99.1 hereto.
01. Financial
Item 9.01. Financial (d) Exhibits Exhibit No. Description 99.1 Press Release of the Company dated April 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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 thereunto duly authorized. Date: April 10, 2024 NEONODE INC. By: /s/ Fredrik Nihln Name: Fredrik Nihln Title: Interim President and Chief Executive Officer and Chief Financial Officer 2