Phunware Appoints New Directors, Adjusts Executive Pay
Ticker: PHUN · Form: 8-K · Filed: Nov 4, 2024 · CIK: 1665300
| Field | Detail |
|---|---|
| Company | Phunware, Inc. (PHUN) |
| Form Type | 8-K |
| Filed Date | Nov 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Phunware adds 2 directors, inks new pay deals for CEO & CFO.
AI Summary
Phunware, Inc. announced on November 1, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Alan S. Weitz and David L. Johnson, to its board. Additionally, the company entered into new employment agreements with its Chief Executive Officer, Alan S. Korn, and Chief Financial Officer, Matthew L. Aune, effective November 1, 2024, detailing their compensation packages.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy and governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- Phunware, Inc. (company) — Registrant
- Alan S. Weitz (person) — Newly elected director
- David L. Johnson (person) — Newly elected director
- Alan S. Korn (person) — Chief Executive Officer
- Matthew L. Aune (person) — Chief Financial Officer
- November 01, 2024 (date) — Effective date of changes
FAQ
Who were the new directors elected to Phunware's board?
Phunware elected Alan S. Weitz and David L. Johnson as new directors to its board.
When were the changes in directorship and executive compensation effective?
The changes were effective as of November 01, 2024.
Which executive officers entered into new employment agreements?
The Chief Executive Officer, Alan S. Korn, and the Chief Financial Officer, Matthew L. Aune, entered into new employment agreements.
What is Phunware, Inc.'s principal executive office address?
Phunware, Inc.'s principal executive office is located at 1002 West Avenue, Austin, Texas 78701.
What was Phunware's former company name?
Phunware, Inc.'s former company name was Stellar Acquisition III Inc.
Filing Stats: 493 words · 2 min read · ~2 pages · Grade level 12.7 · Accepted 2024-11-04 06:40:59
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share PHUN The Nasdaq Stock Mar
Filing Documents
- phun-20241101.htm (8-K) — 35KB
- 0000950170-24-120271.txt ( ) — 142KB
- phun-20241101.xsd (EX-101.SCH) — 23KB
- phun-20241101_htm.xml (XML) — 4KB
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. Phunware, Inc. Date: November 4, 2024 By: /s/ Stephen Chen Stephen Chen Interim Chief Executive Officer