PRO DEX INC Elects New Directors, CFO Transitions to COO
Ticker: PDEX · Form: 8-K · Filed: Oct 25, 2024 · CIK: 788920
| Field | Detail |
|---|---|
| Company | Pro Dex Inc (PDEX) |
| Form Type | 8-K |
| Filed Date | Oct 25, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $70,000 b |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, executive-changes, management-transition
TL;DR
PRO DEX INC adds 2 directors, CFO becomes COO. Board shakeup incoming.
AI Summary
On October 23, 2024, PRO DEX INC announced the election of two new directors, David L. Johnson and Dr. David J. Smith, to its Board of Directors. Additionally, the company reported that its Chief Financial Officer, Robert L. Shostak, will transition to a new role as Chief Operating Officer. These changes are effective immediately.
Why It Matters
The appointment of new directors and a shift in executive roles can signal strategic changes or a strengthening of the company's leadership team, potentially impacting future performance.
Risk Assessment
Risk Level: medium — Changes in board composition and executive roles can introduce uncertainty regarding future strategy and operational execution.
Key Players & Entities
- PRO DEX INC (company) — Registrant
- David L. Johnson (person) — Newly elected Director
- Dr. David J. Smith (person) — Newly elected Director
- Robert L. Shostak (person) — Chief Financial Officer transitioning to Chief Operating Officer
FAQ
Who were the new directors elected to the PRO DEX INC Board?
David L. Johnson and Dr. David J. Smith were elected as new directors to the PRO DEX INC Board.
What is Robert L. Shostak's new role at PRO DEX INC?
Robert L. Shostak, formerly the Chief Financial Officer, will transition to the role of Chief Operating Officer.
When were these changes effective?
The changes were effective as of October 23, 2024.
What was the previous role of Robert L. Shostak?
Robert L. Shostak's previous role was Chief Financial Officer.
What is the filing date of this 8-K report?
The filing date of this 8-K report is October 25, 2024, with the earliest event reported on October 23, 2024.
Filing Stats: 456 words · 2 min read · ~2 pages · Grade level 12.2 · Accepted 2024-10-25 16:00:07
Key Financial Figures
- $70,000 b — ief Executive Officer, in the amount of $70,000 based on the Company's performance during
Filing Documents
- pdex_8k.htm (8-K) — 23KB
- 0001079973-24-001443.txt ( ) — 192KB
- pdex-20241023.xsd (EX-101.SCH) — 3KB
- pdex-20241023_lab.xml (EX-101.LAB) — 33KB
- pdex-20241023_pre.xml (EX-101.PRE) — 24KB
- pdex_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Compensation of Chief Executive Officer and Chief Financial Officer . On October 23, 2024, the Compensation Committee of Pro-Dex, Inc. (the "Company") approved a discretionary bonus for Richard L. Van Kirk, the Company's Chief Executive Officer, in the amount of $70,000 based on the Company's performance during the first quarter of fiscal year 2025 and other performance metrics. The bonus will be paid in cash in the next bi-weekly pay period with a pay date of October 31, 2024.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)
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: October 25, 2024 Pr o-Dex, Inc. By: /s/ Alisha K. Charlton Alisha K. Charlton Chief Financial Officer