Omega Flex Appoints New CFO, Kevin Blaser
Ticker: OFLX · Form: 8-K · Filed: Apr 5, 2024 · CIK: 1317945
| Field | Detail |
|---|---|
| Company | Omega Flex, Inc. (OFLX) |
| Form Type | 8-K |
| Filed Date | Apr 5, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, cfo, compensation
TL;DR
Omega Flex names Kevin Blaser new CFO starting April 8th, $275k salary + stock options.
AI Summary
Omega Flex, Inc. announced on April 4, 2024, the appointment of Kevin R. Blaser as Chief Financial Officer, effective April 8, 2024. Blaser will receive an annual base salary of $275,000 and is eligible for a discretionary annual bonus. He will also be granted 10,000 stock options, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategies and operational execution.
Key Numbers
- $275,000 — CFO Annual Salary (Base compensation for Kevin R. Blaser.)
- 10,000 — Stock Options (Granted to the new CFO, vesting over three years.)
Key Players & Entities
- Omega Flex, Inc. (company) — Registrant
- Kevin R. Blaser (person) — Appointed Chief Financial Officer
- $275,000 (dollar_amount) — Annual base salary for new CFO
- 10,000 (dollar_amount) — Stock options granted to new CFO
- April 4, 2024 (date) — Date of report
- April 8, 2024 (date) — Effective date for new CFO
FAQ
What is Kevin R. Blaser's starting salary?
Kevin R. Blaser's starting annual base salary is $275,000.
When does Kevin R. Blaser's appointment as CFO become effective?
Kevin R. Blaser's appointment as Chief Financial Officer is effective April 8, 2024.
What is the vesting schedule for the stock options granted to the new CFO?
The 10,000 stock options granted to Kevin R. Blaser will vest over three years.
Is the new CFO eligible for a bonus?
Yes, Kevin R. Blaser is eligible for a discretionary annual bonus.
What is the company's principal executive office address?
The company's principal executive offices are located at 451 Creamery Way, Exton, Pennsylvania 19341.
Filing Stats: 433 words · 2 min read · ~1 pages · Grade level 10.1 · Accepted 2024-04-05 16:30:29
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share OFLX NASDAQ Global Market
Filing Documents
- form8-k.htm (8-K) — 35KB
- ex99-1.htm (EX-99.1) — 5KB
- 0001493152-24-013335.txt ( ) — 207KB
- oflx-20240404.xsd (EX-101.SCH) — 3KB
- oflx-20240404_lab.xml (EX-101.LAB) — 33KB
- oflx-20240404_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Exchange Act, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. OMEGA FLEX, INC. Date: April 5, 2024 By: /s/ Dean W. Rivest Dean W. Rivest Chief Executive Officer