AYRO, Inc. Appoints New CFO, Grants Stock Options
Ticker: SBLX · Form: 8-K · Filed: Aug 27, 2024 · CIK: 1086745
| Field | Detail |
|---|---|
| Company | Ayro, Inc. (SBLX) |
| Form Type | 8-K |
| Filed Date | Aug 27, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, compensation, cfo
TL;DR
AYRO names new CFO, Sarah Verderame, with $300k salary + stock options.
AI Summary
AYRO, Inc. announced on August 21, 2024, the appointment of Ms. Sarah E. Verderame as Chief Financial Officer, effective August 21, 2024. Ms. Verderame will receive an annual base salary of $300,000 and will be eligible for an annual bonus. She will also be granted stock options to purchase 150,000 shares of AYRO common stock.
Why It Matters
The appointment of a new CFO is a significant leadership change that could impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can indicate underlying financial or strategic shifts within the company.
Key Numbers
- $300,000 — CFO Annual Base Salary (Represents the compensation for the newly appointed Chief Financial Officer.)
- 150,000 — Stock Options Granted (Number of stock options awarded to the new CFO as part of her compensation package.)
Key Players & Entities
- AYRO, Inc. (company) — Registrant
- Sarah E. Verderame (person) — Appointed Chief Financial Officer
- $300,000 (dollar_amount) — Annual base salary for new CFO
- 150,000 (dollar_amount) — Number of stock options granted to new CFO
- August 21, 2024 (date) — Effective date of CFO appointment
FAQ
Who has been appointed as the new Chief Financial Officer of AYRO, Inc.?
Ms. Sarah E. Verderame has been appointed as the new Chief Financial Officer of AYRO, Inc.
What is the effective date of Ms. Verderame's appointment?
The appointment of Ms. Sarah E. Verderame as Chief Financial Officer is effective August 21, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Ms. Sarah E. Verderame is $300,000.
Are there any stock options being granted to the new CFO?
Yes, Ms. Sarah E. Verderame will be granted stock options to purchase 150,000 shares of AYRO common stock.
Is the new CFO eligible for an annual bonus?
Yes, Ms. Sarah E. Verderame will be eligible for an annual bonus.
Filing Stats: 1,064 words · 4 min read · ~4 pages · Grade level 10.9 · Accepted 2024-08-27 06:45:22
Key Financial Figures
- $0.0001 — ch registered Common stock, par value $0.0001 per share AYRO The Nasdaq Stock Mar
Filing Documents
- form8-k.htm (8-K) — 43KB
- ex99-1.htm (EX-99.1) — 14KB
- 0001493152-24-033935.txt ( ) — 235KB
- ayro-20240821.xsd (EX-101.SCH) — 3KB
- ayro-20240821_lab.xml (EX-101.LAB) — 33KB
- ayro-20240821_pre.xml (EX-101.PRE) — 22KB
- form8-k_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. AYRO, INC. Date: August 27, 2024 By: /s/ Joshua Silverman Joshua Silverman Executive Chairman