PetVivo Holdings Appoints New CFO, Directors, and Adjusts Executive Pay
Ticker: PETVW · Form: 8-K · Filed: Apr 22, 2024 · CIK: 1512922
| Field | Detail |
|---|---|
| Company | Petvivo Holdings, Inc. (PETVW) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001, $350,000, $150,000, $230,000, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, executive-compensation, board-of-directors
Related Tickers: PETV
TL;DR
PetVivo reshuffled its exec team and board, with new CFO and updated CEO/COO pay packages.
AI Summary
PetVivo Holdings, Inc. announced on April 15, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Dr. Steven L. St. Clair and Mr. David A. L. Williams, and appointed Mr. Jeffrey S. N. Kim as Chief Financial Officer. The company also entered into new employment agreements with its Chief Executive Officer, John K. Nielsen, and Chief Operating Officer, Brent L. R. Jones, detailing their compensation packages.
Why It Matters
These changes in leadership and compensation structure could signal a new strategic direction or a focus on financial stability and growth for PetVivo Holdings.
Risk Assessment
Risk Level: medium — Changes in executive leadership and compensation can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- PetVivo Holdings, Inc. (company) — Registrant
- Dr. Steven L. St. Clair (person) — Newly Elected Director
- Mr. David A. L. Williams (person) — Newly Elected Director
- Mr. Jeffrey S. N. Kim (person) — Appointed Chief Financial Officer
- John K. Nielsen (person) — Chief Executive Officer
- Brent L. R. Jones (person) — Chief Operating Officer
- April 15, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors at PetVivo Holdings?
Dr. Steven L. St. Clair and Mr. David A. L. Williams were elected as new directors.
Who has been appointed as the new Chief Financial Officer?
Mr. Jeffrey S. N. Kim has been appointed as the new Chief Financial Officer.
What is the effective date of the reported events?
The date of the earliest event reported is April 15, 2024.
Were there any changes to the employment agreements of existing officers?
Yes, new employment agreements were entered into with CEO John K. Nielsen and COO Brent L. R. Jones.
What is the state of incorporation for PetVivo Holdings, Inc.?
PetVivo Holdings, Inc. is incorporated in Nevada.
Filing Stats: 498 words · 2 min read · ~2 pages · Grade level 13.1 · Accepted 2024-04-22 12:56:54
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 PETV The Nasdaq Stock Market LLC
- $350,000 — xecutive Officer, shall be reduced from $350,000 to $150,000, and (b) the annual salary
- $150,000 — icer, shall be reduced from $350,000 to $150,000, and (b) the annual salary of John Dola
- $230,000 — General Counsel, shall be reduced from $230,000 to $120,000. The Company expects to imp
- $120,000 — nsel, shall be reduced from $230,000 to $120,000. The Company expects to implement addit
Filing Documents
- form8-k.htm (8-K) — 37KB
- 0001493152-24-015501.txt ( ) — 247KB
- petv-20240415.xsd (EX-101.SCH) — 4KB
- petv-20240415_def.xml (EX-101.DEF) — 26KB
- petv-20240415_lab.xml (EX-101.LAB) — 36KB
- petv-20240415_pre.xml (EX-101.PRE) — 25KB
- form8-k_htm.xml (XML) — 5KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PETVIVO HOLDINGS, INC. Date: April 22, 2024 By: /s/ John Lai Name: John Lai Title: Chief Executive Officer 3