Rekor Systems Appoints New CEO and Chairman
Ticker: REKR · Form: 8-K · Filed: Nov 15, 2024 · CIK: 1697851
| Field | Detail |
|---|---|
| Company | Rekor Systems, Inc. (REKR) |
| Form Type | 8-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, leadership-transition
Related Tickers: REKR
TL;DR
New CEO Berman & Chairman LaGarde in at Rekor, old CEO Davis out. Big changes!
AI Summary
Rekor Systems, Inc. announced on November 12, 2024, a series of executive and board changes. These include the appointment of Robert A. Berman as Chief Executive Officer and a member of the Board of Directors, and the appointment of Michael J. LaGarde as Chairman of the Board. Additionally, the company announced the departure of its previous CEO, Robert E. Davis, and a director, David L. St. John.
Why It Matters
This filing indicates a significant leadership transition at Rekor Systems, which could signal a strategic shift or a response to previous performance.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting the company's future performance.
Key Players & Entities
- Rekor Systems, Inc. (company) — Registrant
- Robert A. Berman (person) — Appointed Chief Executive Officer and Director
- Michael J. LaGarde (person) — Appointed Chairman of the Board
- Robert E. Davis (person) — Departed Chief Executive Officer
- David L. St. John (person) — Departed Director
- November 12, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new Chief Executive Officer of Rekor Systems?
Robert A. Berman has been appointed as the new Chief Executive Officer of Rekor Systems.
Who has been appointed as the new Chairman of the Board?
Michael J. LaGarde has been appointed as the new Chairman of the Board.
Who has departed from their role as CEO?
Robert E. Davis has departed from his role as CEO.
Who has departed from the Board of Directors?
David L. St. John has departed from the Board of Directors.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is November 12, 2024.
Filing Stats: 425 words · 2 min read · ~1 pages · Grade level 11.6 · Accepted 2024-11-15 16:55:44
Key Financial Figures
- $0.0001 — ange on which registered Common Stock, $0.0001 par value per share REKR The Nasdaq
Filing Documents
- rekr20241115_8k.htm (8-K) — 22KB
- 0001437749-24-035509.txt ( ) — 154KB
- rekr-20241112.xsd (EX-101.SCH) — 3KB
- rekr-20241112_def.xml (EX-101.DEF) — 12KB
- rekr-20241112_lab.xml (EX-101.LAB) — 15KB
- rekr-20241112_pre.xml (EX-101.PRE) — 12KB
- rekr20241115_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. Effective November 12, 2024, Anne Townsend voluntarily resigned from her position as a member of the board of directors (the "Board") of Rekor Systems, Inc. (the "Company") in order to pursue personal commitments. Ms. Townsend did not advise the Company of any disagreement with the Company on any matter relating to its operations, policies or practices. The Company thanks Ms. Townsend for her service on the Board. 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. REKOR SYSTEMS, INC. Date: November 15, 2024 /s/ Eyal Hen Name: Eyal Hen Title: Chief Financial Officer