Nordicus Partners Corp. Elects New Directors, Updates Executive Compensation
Ticker: NORD · Form: 8-K · Filed: Jun 4, 2024 · CIK: 1011060
| Field | Detail |
|---|---|
| Company | Nordicus Partners CORP (NORD) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $20,000, $10,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
Nordicus Partners Corp. just swapped out board members and updated exec pay. New directors David M. Dykeman and Robert J. Dykeman are in, with updated contracts for CEO Robert J. Dykeman and CFO Sarah E. Dykeman.
AI Summary
Nordicus Partners Corp. announced on June 4, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. David M. Dykeman and Mr. Robert J. Dykeman, to its Board of Directors, effective immediately. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Mr. Robert J. Dykeman, and its Chief Financial Officer, Ms. Sarah E. Dykeman, detailing their compensation packages.
Why It Matters
The election of new directors and updated executive compensation agreements can signal strategic shifts or reinforce leadership stability within Nordicus Partners Corp., potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance changes and executive compensation, which typically carry a low inherent risk.
Key Players & Entities
- Nordicus Partners Corp. (company) — Registrant
- David M. Dykeman (person) — Newly Elected Director
- Robert J. Dykeman (person) — Newly Elected Director and CEO
- Sarah E. Dykeman (person) — CFO
- June 4, 2024 (date) — Effective date of director elections and report filing
FAQ
Who were the new directors elected to Nordicus Partners Corp.'s Board?
Nordicus Partners Corp. elected Mr. David M. Dykeman and Mr. Robert J. Dykeman to its Board of Directors.
When were the new directors elected?
The new directors were elected effective June 4, 2024.
What other key personnel changes were reported?
The company also entered into new employment agreements with its CEO, Mr. Robert J. Dykeman, and its CFO, Ms. Sarah E. Dykeman.
What is the company's state of incorporation?
Nordicus Partners Corp. is incorporated in Delaware.
What is the company's primary business activity?
Nordicus Partners Corp. operates in the Management Consulting Services industry (SIC code 8742).
Filing Stats: 610 words · 2 min read · ~2 pages · Grade level 13.6 · Accepted 2024-06-04 14:11:42
Key Financial Figures
- $20,000 — Directors shall receive compensation of $20,000 per annum, and each other Director shal
- $10,000 — Director shall receive compensation of $10,000 per annum, in consideration of their se
Filing Documents
- form8-k.htm (8-K) — 46KB
- ex99-1.htm (EX-99.1) — 12KB
- 0001493152-24-022512.txt ( ) — 226KB
- nord-20240604.xsd (EX-101.SCH) — 3KB
- nord-20240604_lab.xml (EX-101.LAB) — 33KB
- nord-20240604_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Dated: June 4, 2024 NORDICUS PARTNERS CORPORATION By: /s/ Henrik Rouf Henrik Rouf Chief Executive Officer