Agrify Corp Files 8-K with Officer/Director Changes
Ticker: RYM · Form: 8-K · Filed: Feb 5, 2025 · CIK: 1800637
| Field | Detail |
|---|---|
| Company | Agrify Corp (RYM) |
| Form Type | 8-K |
| Filed Date | Feb 5, 2025 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, financial-reporting
TL;DR
Agrify filed an 8-K on Jan 31, 2025, reporting leadership changes and financial updates.
AI Summary
Agrify Corporation filed an 8-K on February 5, 2025, reporting events as of January 31, 2025. The filing indicates changes in directors or officers, potential compensatory arrangements, and includes financial statements and exhibits. The company is incorporated in Nevada and headquartered in Troy, Michigan.
Why It Matters
This 8-K filing signals potential shifts in Agrify's leadership or compensation structures, which could impact the company's strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors or officers, especially when combined with financial statement disclosures, can indicate internal restructuring or financial challenges.
Key Numbers
- 001-39946 — SEC File Number (Identifies the company's filing with the SEC.)
- 30-0943453 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- Agrify Corporation (company) — Registrant
- January 31, 2025 (date) — Date of earliest event reported
- February 5, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- Troy, MI (location) — Principal executive offices
FAQ
What specific changes were made regarding directors or officers?
The filing indicates 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item of disclosure, but the specific details are not provided in this summary.
What is the nature of the compensatory arrangements mentioned?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item of disclosure, but the specifics of these arrangements are not detailed in the provided text.
What financial statements and exhibits are included in this filing?
The filing states 'Financial Statements and Exhibits' are included, but the content of these documents is not specified in the provided text.
When was Agrify Corporation incorporated?
Agrify Corporation was incorporated in Nevada.
What is the primary business address of Agrify Corporation?
The primary business address is 2468 Industrial Row Drive, Troy, MI 48084.
Filing Stats: 1,259 words · 5 min read · ~4 pages · Grade level 11.1 · Accepted 2025-02-05 07:01:07
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share AGFY Nasdaq Capital Marke
- $120,000 — the amount involved exceeds or exceeded $120,000. Item7.01. Regulation FD Disclosure.
Filing Documents
- ea0229986-8k_agrify.htm (8-K) — 33KB
- ea022998601ex99-1_agrify.htm (EX-99.1) — 11KB
- ex99-1_001.jpg (GRAPHIC) — 2KB
- 0001213900-25-010247.txt ( ) — 225KB
- agfy-20250131.xsd (EX-101.SCH) — 3KB
- agfy-20250131_lab.xml (EX-101.LAB) — 33KB
- agfy-20250131_pre.xml (EX-101.PRE) — 22KB
- ea0229986-8k_agrify_htm.xml (XML) — 4KB
02. Departure
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Director On January 31, 2025 (the "Effective Date"), Richard Drexler resigned as a member of the Board of Directors (the "Board") of Agrify Corporation (the "Company"). Mr. Drexler's resignation did not result from any disagreement regarding the Company's operations, policies or practices. Appointment of Directors On the Effective Date, the Board increased the size of the Board from six to seven members, and appointed Peter S. Shapiro and Sanjay Tolia as members of the Board to fill the vacancies resulting from Mr. Drexler's resignation and the increase in Board size. Mr. Shapiro, age 52, is an independent music entrepreneur who has owned and operated celebrated venues Brooklyn Bowl, Brooklyn Bowl Las Vegas, Brooklyn Bowl Nashville, Brooklyn Bowl Philadelphia, The Capitol Theatre, Bearsville Theater and Wetlands Preserve. Mr. Shapiro partnered exclusively with the family of Jerry Garcia to open Garcia's at The Capitol Theatre, to be followed by additional clubs in Chicago and New York City. In 2015, he produced Fare Thee Well: Celebrating 50 Years of the Grateful Dead , at Levi's Stadium in Santa Clara, CA and Chicago's Soldier Field. Shapiro founded Lockn', a four-day music and camping festival held in Nelson County, Virginia as well as Jazz & Colors, an experiential music event held in Central Park and the Metropolitan Museum of Art. He originated the Rock and Roll Playhouse, developing the family concert series into a weekly national concert series that takes place in over 25 markets across America. In 2024, Peter coproduced the sold out Soulshine Benefit at Madison Square Garden raising money for hurricane relief in North Carolina and Florida. His other endeavors include the IMAX concert films U2 3D and All Access , the Jammys awards show, the Green Apple Earth Day Festival, and Easy
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Title 99.1 Press Release of Agrify Corporation dated February 5, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 2
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. AGRIFY CORPORATION Date: February 5, 2025 By: /s/ Benjamin Kovler Benjamin Kovler Chairman and Interim Chief Executive Officer 3