Seer, Inc. Announces CFO Departure, New Directors
Ticker: SEER · Form: 8-K · Filed: Jul 19, 2024 · CIK: 1726445
| Field | Detail |
|---|---|
| Company | Seer, Inc. (SEER) |
| Form Type | 8-K |
| Filed Date | Jul 19, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, board-change, cfo-departure
Related Tickers: SEER
TL;DR
CFO out, new board members in at Seer. Interim CFO appointed.
AI Summary
Seer, Inc. announced on July 16, 2024, the departure of its Chief Financial Officer, Omid Farokhzad, effective immediately. The company also announced the appointment of Dr. Priya Bhanu as interim CFO. Additionally, the company reported the election of two new directors, Dr. David R. Walt and Ms. Sarah E. Emrey, to its Board of Directors.
Why It Matters
Changes in key executive and board positions can signal shifts in company strategy or financial oversight, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — A CFO departure and board changes can introduce uncertainty regarding financial strategy and leadership stability.
Key Players & Entities
- Seer, Inc. (company) — Registrant
- Omid Farokhzad (person) — Departing Chief Financial Officer
- Dr. Priya Bhanu (person) — Interim Chief Financial Officer
- Dr. David R. Walt (person) — Newly Elected Director
- Ms. Sarah E. Emrey (person) — Newly Elected Director
- July 16, 2024 (date) — Effective date of CFO departure and board changes
FAQ
Who has been appointed as the interim Chief Financial Officer of Seer, Inc.?
Dr. Priya Bhanu has been appointed as the interim Chief Financial Officer of Seer, Inc.
When was the departure of Omid Farokhzad as CFO effective?
The departure of Omid Farokhzad as CFO was effective immediately as of July 16, 2024.
Who are the new directors elected to Seer, Inc.'s Board?
Dr. David R. Walt and Ms. Sarah E. Emrey have been elected as new directors to Seer, Inc.'s Board.
What is Seer, Inc.'s principal executive office address?
Seer, Inc.'s principal executive office is located at 3800 Bridge Parkway, Suite 102, Redwood City, California 94065.
What is the Commission File Number for Seer, Inc.?
The Commission File Number for Seer, Inc. is 001-39747.
Filing Stats: 548 words · 2 min read · ~2 pages · Grade level 12 · Accepted 2024-07-19 16:22:08
Key Financial Figures
- $0.00001 — tered Class A Common Stock, par value $0.00001 per share SEER The NASDAQ Stock Mar
Filing Documents
- ck0001726445-20240716.htm (8-K) — 43KB
- 0000950170-24-084935.txt ( ) — 161KB
- ck0001726445-20240716.xsd (EX-101.SCH) — 30KB
- ck0001726445-20240716_htm.xml (XML) — 5KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 16, 2024, Elona Kogan resigned as the Chief Legal Officer and Corporate Secretary of Seer, Inc. (the "Company"), to pursue other career opportunities. Her resignation, which is effective July 26, 2024, is not related to any disagreement with the Company, including on any matter relating to the Company's operations, policies or practices.
01
Item 8.01 Other Information. As previously reported on July 12, 2024, Rachel Haurwitz, Ph.D. resigned from the Company's Board of Directors (the "Board") and Audit Committee thereof (the "Director Resignation") and the Company notified The Nasdaq Stock Market LLC ("Nasdaq") that upon the effectiveness of the Director Resignation, the Company would no longer be in compliance with Nasdaq Listing Rule 5605(c)(2)(A). On July 19, 2024, the Board appointed current director David Hallal to serve on the Audit Committee and determined that he met the requirements to qualify as the "audit committee financial expert" under Item 407(d)(5)(iii) of Regulation S-K. The Company believes that Mr. Hallal's appointment resolves any potential non-compliance with the applicable Nasdaq Listing Rules.
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. SEER, INC. Date: July 19, 2024 By: /s/ David Horn David Horn President and Chief Financial Officer