Syntec Optics Holdings Files 8-K on Director Changes and Compensation
Ticker: OPTXW · Form: 8-K · Filed: Apr 15, 2024 · CIK: 1866816
Sentiment: neutral
Topics: corporate-governance, executive-compensation, 8-k
Related Tickers: OPTX
TL;DR
Syntec Optics Holdings (OPTX) filed an 8-K on 4/15/24 covering director changes and executive pay. No major financial news, but governance updates.
AI Summary
On April 15, 2024, Syntec Optics Holdings, Inc. filed an 8-K report detailing changes in its board of directors and executive compensation arrangements. The filing also includes a Regulation FD disclosure and financial statements. The company was formerly known as OmniLit Acquisition Corp. before changing its name on June 10, 2021.
Why It Matters
This filing provides insight into the corporate governance and executive compensation structure of Syntec Optics Holdings, Inc., which can impact investor confidence and strategic direction.
Risk Assessment
Risk Level: low — The filing primarily concerns corporate governance and executive compensation, with no immediate indication of significant financial distress or major operational shifts.
Key Players & Entities
- Syntec Optics Holdings, Inc. (company) — Registrant
- OmniLit Acquisition Corp. (company) — Former company name
- April 15, 2024 (date) — Date of report
- June 10, 2021 (date) — Date of name change
FAQ
What specific changes were made to the board of directors?
The filing indicates changes related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' under Item 5.02, but the specific details of these changes are not elaborated in the provided text.
What are the key aspects of the compensatory arrangements mentioned?
The filing notes 'Compensatory Arrangements of Certain Officers' under Item 5.02, but the specific details of these arrangements are not provided in the excerpt.
What is the purpose of the Regulation FD Disclosure?
The filing includes a 'Regulation FD Disclosure' under Item 7.01, which is typically used to ensure that material non-public information is disclosed broadly to the investing public.
What financial statements are included in this filing?
The filing lists 'Financial Statements and Exhibits' under Item 9.01, but the specific financial statements are not detailed in the provided text.
When did Syntec Optics Holdings, Inc. change its name from OmniLit Acquisition Corp.?
Syntec Optics Holdings, Inc. changed its name from OmniLit Acquisition Corp. on June 10, 2021.
Filing Stats: 923 words · 4 min read · ~3 pages · Grade level 10.5 · Accepted 2024-04-15 11:01:13
Key Financial Figures
- $0.0001 — h Registered: Common stock, par value $0.0001 per share OPTX The Nasdaq Capital M
- $11.50 — or common stock at an exercise price of $11.50 per share, subject to adjustment OPTX
Filing Documents
- form8-k.htm (8-K) — 47KB
- ex99-1.htm (EX-99.1) — 15KB
- 0001493152-24-014564.txt ( ) — 283KB
- optx-20240415.xsd (EX-101.SCH) — 4KB
- optx-20240415_def.xml (EX-101.DEF) — 26KB
- optx-20240415_lab.xml (EX-101.LAB) — 36KB
- optx-20240415_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 6KB
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. SYNTEC OPTICS HOLDINGS, INC. By: /s/ Al Kapoor Date: April 15, 2024 Name: Al Kapoor Title: Chief Executive Officer