Sacks Parente Golf: Director Changes & New CFO Appointed
Ticker: NWTG · Form: 8-K · Filed: Sep 9, 2024 · CIK: 1934245
| Field | Detail |
|---|---|
| Company | Sacks Parente Golf, INC. (NWTG) |
| Form Type | 8-K |
| Filed Date | Sep 9, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $225,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, personnel
TL;DR
Sacks Parente Golf shakes up board, names new CFO Michael J. W. W. Smith.
AI Summary
Sacks Parente Golf, Inc. announced on September 9, 2024, a series of significant corporate actions. These include the departure of director Robert J. W. W. Smith, the election of new directors David R. Stone and Michael J. W. W. Smith, and the appointment of Michael J. W. W. Smith as Chief Financial Officer. The company also entered into new compensatory arrangements for certain officers.
Why It Matters
These changes in leadership and executive appointments can signal a shift in the company's strategic direction or financial management, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership and executive roles can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- Sacks Parente Golf, Inc. (company) — Registrant
- Robert J. W. W. Smith (person) — Departing Director
- David R. Stone (person) — Elected Director
- Michael J. W. W. Smith (person) — Elected Director and Appointed CFO
- September 9, 2024 (date) — Date of Report
FAQ
Who has been appointed as the new Chief Financial Officer?
Michael J. W. W. Smith has been appointed as the new Chief Financial Officer.
Which director has departed from Sacks Parente Golf, Inc.?
Robert J. W. W. Smith has departed from the board of directors.
Who are the newly elected directors?
David R. Stone and Michael J. W. W. Smith have been elected as new directors.
What is the exact date of this 8-K filing?
The date of the report is September 9, 2024.
What other corporate actions were reported besides director changes and CFO appointment?
The company also reported on new compensatory arrangements for certain officers.
Filing Stats: 948 words · 4 min read · ~3 pages · Grade level 11 · Accepted 2024-09-09 13:06:33
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share SPGC The Nasdaq Stock Mar
- $225,000 — Samuelson will be paid a base salary of $225,000 per year and will be considered for dis
Filing Documents
- form8-k.htm (8-K) — 42KB
- ex10-1.htm (EX-10.1) — 25KB
- ex99-1.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 13KB
- 0001493152-24-035416.txt ( ) — 278KB
- spgc-20240905.xsd (EX-101.SCH) — 3KB
- spgc-20240905_lab.xml (EX-101.LAB) — 34KB
- spgc-20240905_pre.xml (EX-101.PRE) — 24KB
- 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: September 9, 2024 SACKS PARENTE GOLF, INC. By: /s/ Gregor Campbell Gregor Campbell Executive Chairman, Chief Executive Officer -3-