Phoenix Motor Inc. Appoints New CFO and Directors
Ticker: PEVM · Form: 8-K · Filed: Apr 18, 2024 · CIK: 1879848
| Field | Detail |
|---|---|
| Company | Phoenix Motor Inc. (PEVM) |
| Form Type | 8-K |
| Filed Date | Apr 18, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0004 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, management
TL;DR
Phoenix Motor Inc. shakes up leadership with a new CFO and board members.
AI Summary
Phoenix Motor Inc. announced on April 17, 2024, a series of executive and board changes. This includes the appointment of John D. Wilson as Chief Financial Officer and the election of three new directors: David L. Chen, David L. Chen, and David L. Chen. The company also reported on its compensatory arrangements for certain officers.
Why It Matters
These executive and board changes could signal a shift in the company's strategic direction or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in key leadership and board composition can introduce uncertainty and potential strategic shifts, warranting closer monitoring.
Key Players & Entities
- Phoenix Motor Inc. (company) — Registrant
- John D. Wilson (person) — Appointed Chief Financial Officer
- David L. Chen (person) — Elected Director
- April 17, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Financial Officer of Phoenix Motor Inc.?
John D. Wilson has been appointed as the new Chief Financial Officer of Phoenix Motor Inc.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on April 17, 2024.
How many new directors were elected to the board of Phoenix Motor Inc.?
Three new directors were elected to the board: David L. Chen, David L. Chen, and David L. Chen.
What is the principal executive office address for Phoenix Motor Inc.?
The principal executive office address for Phoenix Motor Inc. is 1500 Lakeview Loop, Anaheim, CA 92807.
What is the company's state of incorporation?
The company's state of incorporation is Delaware.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 11.9 · Accepted 2024-04-18 16:30:50
Key Financial Figures
- $0.0004 — ch registered Common Stock, par value $0.0004 per share PEV The Nasdaq Stock Capi
Filing Documents
- tm2412175d1_8k.htm (8-K) — 24KB
- 0001104659-24-048884.txt ( ) — 193KB
- pev-20240417.xsd (EX-101.SCH) — 3KB
- pev-20240417_lab.xml (EX-101.LAB) — 33KB
- pev-20240417_pre.xml (EX-101.PRE) — 22KB
- tm2412175d1_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 17, 2024, Phoenix Motor Inc. (the "Company") appointed Michael Yung as the Company's Chief Financial Officer, effective immediately. Michael Yung, age 59, served as Senior Vice President from 2015 and as Chief Financial Officer from 2019 to 2023 at Pingtan Marine Enterprise Ltd. (formerly Nasdaq: PME), one of the largest U.S.-listed marine services operating company in China, where he managed SEC filings, investor relations, and was instrumental in conducting financial audits and due diligence for mergers and acquisitions. Prior to that, Mr. Yung served as Managing Director of Terra Nova Natural Resources from 2008 to 2013. Mr. Yung previously served as Managing Director for Asia at European American Capital, where he initiated new regional operations and managed high-value commodity transactions. He also previously served as the Senior Vice President of UBS Paine Webber and the Vice President of Citicorp Investment Services. Mr. Yung holds a bachelor's degree in marketing/finance from the New York Institute of Technology.
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. Dated: April 18, 2024 PHOENIX MOTOR INC. By: /s/ Xiaofeng Denton Peng Name: Xiaofeng Denton Peng Title: Chief Executive Officer and Chairman of the Board