Phoenix Motor Inc. Relocates Principal Executive Offices to Anaheim
Ticker: PEVM · Form: 8-K · Filed: Jan 2, 2024 · CIK: 1879848
| Field | Detail |
|---|---|
| Company | Phoenix Motor Inc. (PEVM) |
| Form Type | 8-K |
| Filed Date | Jan 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0004 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-update, administrative
TL;DR
**Phoenix Motor Inc. moved its main office to Anaheim, CA on December 28, 2023.**
AI Summary
Phoenix Motor Inc. announced on December 28, 2023, that it has changed its principal executive offices from 401 South Doubleday Avenue, Ontario, CA 91761 to 1500 Lakeview Loop, Anaheim, CA 92807. This move signifies a potential operational shift or expansion for the company, which could impact its efficiency and future growth prospects. Investors should monitor if this relocation leads to improved business performance or cost efficiencies, as it could affect the stock's long-term value.
Why It Matters
A change in principal executive offices can signal a company's strategic shift, expansion, or cost-cutting efforts, potentially impacting operational efficiency and future financial performance.
Risk Assessment
Risk Level: low — A change of address is a routine administrative update and typically carries minimal direct risk to investors.
Analyst Insight
Investors should note the change of address as an administrative update and monitor future filings or company announcements for any strategic implications or operational changes associated with this relocation.
Key Players & Entities
- Phoenix Motor Inc. (company) — the registrant
- December 28, 2023 (date) — date of earliest event reported
- 401 South Doubleday Avenue, Ontario, CA 91761 (address) — former principal executive offices
- 1500 Lakeview Loop, Anaheim, CA 92807 (address) — new principal executive offices
- PEV (company) — trading symbol for Common Stock
- NASDAQ Capital Market (company) — exchange where Common Stock is registered
Forward-Looking Statements
- The relocation will lead to increased operational efficiency for Phoenix Motor Inc. (Phoenix Motor Inc.) — low confidence, target: 2024-12-31
FAQ
What was the specific date of the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 28, 2023.
What is the new address for Phoenix Motor Inc.'s principal executive offices?
The new address for Phoenix Motor Inc.'s principal executive offices is 1500 Lakeview Loop, Anaheim, CA 92807.
What was the previous address for Phoenix Motor Inc.'s principal executive offices?
The previous address for Phoenix Motor Inc.'s principal executive offices was 401 South Doubleday Avenue, Ontario, CA 91761.
What is the trading symbol for Phoenix Motor Inc.'s Common Stock?
The trading symbol for Phoenix Motor Inc.'s Common Stock is PEV.
On which exchange is Phoenix Motor Inc.'s Common Stock registered?
Phoenix Motor Inc.'s Common Stock is registered on the NASDAQ Capital Market.
Filing Stats: 617 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-01-02 07:59:05
Key Financial Figures
- $0.0004 — h registered Common Stock, par value $0.0004 per share PEV NASDAQ Capital Market
Filing Documents
- tm241336d1_8k.htm (8-K) — 25KB
- 0001104659-24-000112.txt ( ) — 194KB
- pev-20231228.xsd (EX-101.SCH) — 3KB
- pev-20231228_lab.xml (EX-101.LAB) — 33KB
- pev-20231228_pre.xml (EX-101.PRE) — 22KB
- tm241336d1_8k_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. Phoenix Motor Inc. (the "Company") reports that J. Mark Hastings has been appointed as the Chief Investment Officer of the Company, effective December 28, 2023. Mr. Hastings, age 60, has served as the Company's SVP of Strategy and Corporate Development and Head of Investor Relations since August 2022. Prior to that, Mr. Hastings served as Vice President of Finance and Insurance and Head of Rodo Insurance Agency at Rodo Inc. where, as a Leadership Team Member, he established and headed its online fintech department and founded and served as head of Rodo Insurance Agency. From 2013 to 2018, Mark served as Principal, Portfolio Manager/Analyst and Head of Investor Relations at Geosphere Capital Management in New York, NY. From 2010 to 2013, Mr. Hastings served as Portfolio Manager/Trader and Head of Investor Relations at Saugatuck Energy in Southport, CT. From 2005 to 2007, Mr. Hastings was a Research Analyst at S.A.C. Capital Advisors (now Point72 Asset Management) in Stamford, CT. Prior to that, Mark was Director of Global Energy Sell Side Equity Research at Deutsche Bank in New York, NY from 2000 to 2003. From 1994 to 1999, Mr. Hastings was Vice President/Senior Industry Analyst of Sell Side Equity Research at Merrill Lynch & Co. Mark started his career as Senior Auditor at Exxon Corporation in New Jersey and Houston, TX from 1991 to 1994. Mr. Hastings was awarded a Bachelor of Arts degree in Economics from the University of Virginia and a Master of Business Administration degree in Finance from the University of Tennessee, where he earned the James M. Gower Outstanding MBA Achievement Award. 2 SIGNATURE 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. PHOENIX MOTOR INC.