Ohmyhome Ltd Settles Director Compensation with Share Issuance
Ticker: OMH · Form: 6-K · Filed: Oct 11, 2024 · CIK: 1944902
| Field | Detail |
|---|---|
| Company | Ohmyhome Ltd (OMH) |
| Form Type | 6-K |
| Filed Date | Oct 11, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.405, $114,548, $88,114 |
| Sentiment | neutral |
Sentiment: neutral
Topics: compensation, directors, settlement, share-issuance
TL;DR
Ohmyhome is issuing shares to settle director pay from early 2024.
AI Summary
Ohmyhome Limited entered into Compensation Settlement Agreements on September 9, 2024, with directors Rhonda Wong and Race Wong to settle voluntarily withheld compensation since January 2024. The company will issue shares to the directors as part of this settlement.
Why It Matters
This action addresses director compensation, potentially impacting share dilution and signaling a resolution of past compensation disputes.
Risk Assessment
Risk Level: low — The filing is a routine report on director compensation settlement and does not indicate significant financial distress or operational changes.
Key Players & Entities
- Ohmyhome Limited (company) — Registrant
- Rhonda Wong (person) — Director
- Race Wong (person) — Director
- September 9, 2024 (date) — Date of Agreements
- January 2024 (date) — Start of withheld compensation
FAQ
What is the total value of the compensation being settled?
The filing does not specify the total dollar amount of the compensation being settled, only that shares will be issued.
How many shares will be issued to the directors?
The filing states that shares will be issued but does not specify the number of shares.
What is the rationale behind withholding compensation since January 2024?
The filing mentions the directors 'voluntarily withheld their compensation' but does not provide a specific reason.
Are Rhonda Wong and Race Wong still directors of Ohmyhome Limited?
The filing refers to them as 'directors' in the context of the compensation settlement, implying they are current directors.
What is the purpose of this Form 6-K filing?
This Form 6-K is a Report of Foreign Private Issuer providing information about the Compensation Settlement Agreements entered into by Ohmyhome Limited.
Filing Stats: 278 words · 1 min read · ~1 pages · Grade level 11.5 · Accepted 2024-10-11 09:00:05
Key Financial Figures
- $0.405 — price of the Company’s shares at $0.405 per share. These shares are being issue
- $114,548 — withheld from each Director, totaling S$114,548 (US$88,114). The shares have been iss
- $88,114 — om each Director, totaling S$114,548 (US$88,114). The shares have been issued on Octo
Filing Documents
- form6-k.htm (6-K) — 19KB
- ex99-1.htm (EX-99.1) — 20KB
- 0001493152-24-040828.txt ( ) — 40KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Ohmyhome Limited Date: October 10, 2024 By: /s/ Rhonda Wong Rhonda Wong Director and Chief Executive Officer