Sacks Parente Golf Reports Leadership Change Event on Jan 1
Ticker: NWTG · Form: 8-K · Filed: Jan 4, 2024 · CIK: 1934245
| Field | Detail |
|---|---|
| Company | Sacks Parente Golf, INC. (NWTG) |
| Form Type | 8-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $20,000, $0.69 |
| Sentiment | mixed |
Complexity: simple
Sentiment: mixed
Topics: leadership-change, corporate-governance, 8-K
TL;DR
**Sacks Parente Golf filed an 8-K about a leadership change, but the details are missing.**
AI Summary
Sacks Parente Golf, Inc. filed an 8-K on January 4, 2024, reporting an event that occurred on January 1, 2024, related to Item 5.02, which covers changes in directors or officers and their compensation. While the filing indicates a change, the provided text is incomplete and does not specify the exact nature of the departure or appointment, nor any associated dollar amounts. This matters to investors because changes in leadership can signal strategic shifts or instability, potentially impacting the company's future performance and stock value.
Why It Matters
Changes in executive leadership can significantly influence a company's direction and operational stability, directly affecting investor confidence and stock valuation.
Risk Assessment
Risk Level: medium — The filing indicates a significant event (leadership change) but lacks crucial details, creating uncertainty for investors.
Analyst Insight
Investors should monitor Sacks Parente Golf, Inc. for subsequent filings or press releases that provide the full details of the leadership change, as the current filing is incomplete and lacks critical information for a thorough assessment.
Key Players & Entities
- Sacks Parente Golf, Inc. (company) — the registrant filing the 8-K
- January 1, 2024 (date) — date of the earliest event reported
- January 4, 2024 (date) — date the 8-K was filed
- 001-41701 (other) — Commission File Number
- SPGC (other) — Trading Symbol for Common stock
- The Nasdaq Stock Market, LLC (other) — exchange where common stock is registered
Forward-Looking Statements
- Sacks Parente Golf, Inc. will release further details regarding the leadership change. (Sacks Parente Golf, Inc.) — high confidence, target: Q1 2024
- The stock price of SPGC may experience volatility until full details of the leadership change are disclosed. (SPGC) — medium confidence, target: Ongoing
FAQ
What specific event did Sacks Parente Golf, Inc. report in this 8-K filing?
Sacks Parente Golf, Inc. reported an event under Item 5.02, titled 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' which occurred on January 1, 2024.
When was this 8-K filing submitted to the SEC?
This 8-K filing was submitted to the SEC on January 4, 2024, as indicated by the 'FILED AS OF DATE: 20240104'.
What is the trading symbol and exchange for Sacks Parente Golf, Inc.'s common stock?
The trading symbol for Sacks Parente Golf, Inc.'s common stock is SPGC, and it is registered on The Nasdaq Stock Market, LLC.
What is the primary business address of Sacks Parente Golf, Inc.?
The primary business address of Sacks Parente Golf, Inc. is 551 Calle San Pablo, Camarillo, CA 93012.
Does the filing specify who departed or was appointed, or any compensation details?
No, the provided text of the filing is incomplete and only states 'Item 5.02 Departure of Director' without specifying the individual's name, whether it was a departure or appointment, or any associated compensatory arrangements.
Filing Stats: 494 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-01-04 10:57:27
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share SPGC The Nasdaq Stock Mar
- $20,000 — asanta was granted cash compensation of $20,000 and an option (the "option") to purchas
- $0.69 — 's Common Stock at an exercise price of $0.69 per share which was the closing price o
Filing Documents
- form8-k.htm (8-K) — 36KB
- ex99-1.htm (EX-99.1) — 10KB
- ex99-1_001.jpg (GRAPHIC) — 4KB
- 0001493152-24-000804.txt ( ) — 224KB
- spgc-20240101.xsd (EX-101.SCH) — 3KB
- spgc-20240101_lab.xml (EX-101.LAB) — 34KB
- spgc-20240101_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
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. Date: January 4, 2024 SACKS PARENTE GOLF, INC. By: /s/ Steve Handy Steve Handy Chief Financial Officer -3-