Precipio, Inc. Announces Board and Officer Changes
Ticker: PRPO · Form: 8-K · Filed: Jan 21, 2025 · CIK: 1043961
| Field | Detail |
|---|---|
| Company | Precipio, Inc. (PRPO) |
| Form Type | 8-K |
| Filed Date | Jan 21, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $30.30, $6 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, executive-compensation
Related Tickers: PRPO
TL;DR
Precipio board shake-up: new directors elected, execs appointed, comp details filed.
AI Summary
On January 14, 2025, Precipio, Inc. reported changes in its board of directors and executive officers. Specifically, the company announced the departure of certain directors and officers, the election of new directors, and the appointment of new officers. The filing also detailed compensatory arrangements for these key individuals.
Why It Matters
Changes in leadership and executive compensation can signal shifts in company strategy or financial health, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in board and executive personnel can indicate internal challenges or strategic realignments that may affect the company's future operations and financial stability.
Key Players & Entities
- Precipio, Inc. (company) — Registrant
- January 14, 2025 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of Incorporation
- 4 Science Park, New Haven, CT 06511 (address) — Principal executive offices
- 203 787-7888 (phone_number) — Registrant's telephone number
FAQ
What specific roles have been affected by the departure of directors or officers?
The filing indicates the departure of certain directors and officers, but does not specify the exact roles in this summary.
Who are the newly elected directors of Precipio, Inc.?
The filing states that new directors have been elected, but their names are not provided in this summary.
Which officers have been appointed to new positions?
The filing mentions the appointment of certain officers, but their identities and specific positions are not detailed here.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated January 14, 2025.
Where are Precipio, Inc.'s principal executive offices located?
Precipio, Inc.'s principal executive offices are located at 4 Science Park, New Haven, CT 06511.
Filing Stats: 557 words · 2 min read · ~2 pages · Grade level 12.3 · Accepted 2025-01-21 16:00:16
Key Financial Figures
- $0.01 — ge on which registered Common Stock, $0.01 par value per share PRPO Nasdaq Capit
- $30.30 — e of the Company's common stock exceeds $30.30 per share, which is five times greater
- $6 — eater than the option exercise price of $6.06, the closing price of the Company's
Filing Documents
- tm253755d1_8k.htm (8-K) — 26KB
- 0001104659-25-004875.txt ( ) — 193KB
- prpo-20250114.xsd (EX-101.SCH) — 3KB
- prpo-20250114_lab.xml (EX-101.LAB) — 33KB
- prpo-20250114_pre.xml (EX-101.PRE) — 22KB
- tm253755d1_8k_htm.xml (XML) — 3KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On January 14, 2025 , the Compensation Committee (the " Committee ") of the Board of Directors of Precipio, Inc. (the " Company ") granted certain options (the " Options ") to officers of the Company as part of the Company's annual long term incentive equity grants, including Ilan Danieli, Ayman Mohamed, Ahmed Zaki Sabet and Matthew Gage (the " Grant "). The Options were granted pursuant to the Company's Amended & Restated Stock Option and Inventive Plan, as amended and vest in their entirety when the 10-day volume-weighted average price of the Company's common stock exceeds $30.30 per share, which is five times greater than the option exercise price of $6.06, the closing price of the Company's common stock on January 14, 2025. If the aforementioned performance is not met, the Options will not vest. The Options are expire on January 14, 2035. The Company granted an aggregate of 34,000 options to the officers of the Company. The following table sets fort the Options grants to the Company's names executive officers and Chief Financial Officer: Name Total Options Ilan Danieli 8,000 Ayman Mohamed 6,000 Ahmed Zaki Sabet 6,000 Matthew Gage 4,000 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. PRECIPIO, INC. By: /s/ Ilan Danieli Name: Ilan Danieli Title: Chief Executive Officer Date: January 21, 2025