Sezzle Inc. CTO Departs, CEO Employment Agreement Updated
Ticker: SEZL · Form: 8-K · Filed: Jun 10, 2024 · CIK: 1662991
| Field | Detail |
|---|---|
| Company | Sezzle Inc. (SEZL) |
| Form Type | 8-K |
| Filed Date | Jun 10, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.00001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-departure, executive-appointment, employment-agreement
Related Tickers: SZL
TL;DR
Sezzle's CTO is out, CEO got a new contract with $350k salary + bonus.
AI Summary
Sezzle Inc. announced on June 6, 2024, the departure of its Chief Technology Officer, Paul P. McNeice, effective June 7, 2024. The company also appointed Michael J. Gallagher as interim Chief Technology Officer. Additionally, Sezzle Inc. entered into a new employment agreement with its Chief Executive Officer, Michelle L. Morris, effective June 6, 2024, which includes a base salary of $350,000 and potential for an annual bonus.
Why It Matters
Changes in key executive positions and updated employment terms for the CEO can signal shifts in company strategy or stability, impacting investor confidence.
Risk Assessment
Risk Level: medium — Executive departures and new employment agreements can introduce uncertainty regarding leadership and future strategy.
Key Numbers
- $350,000 — CEO Base Salary (Annual base salary for Michelle L. Morris under new employment agreement.)
Key Players & Entities
- Sezzle Inc. (company) — Registrant
- Paul P. McNeice (person) — Departing Chief Technology Officer
- Michael J. Gallagher (person) — Interim Chief Technology Officer
- Michelle L. Morris (person) — Chief Executive Officer
- $350,000 (dollar_amount) — CEO's base salary
FAQ
Who is replacing Paul P. McNeice as Chief Technology Officer?
Michael J. Gallagher has been appointed as the interim Chief Technology Officer.
When was Paul P. McNeice's departure effective?
Paul P. McNeice's departure was effective June 7, 2024.
What is the base salary for Sezzle's CEO, Michelle L. Morris?
Michelle L. Morris's new employment agreement specifies a base salary of $350,000.
What is the date of the earliest event reported in this 8-K filing?
The earliest event reported is dated June 6, 2024.
What other compensation is mentioned for the CEO?
Michelle L. Morris's employment agreement also includes the potential for an annual bonus.
Filing Stats: 494 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-06-10 16:23:24
Key Financial Figures
- $0.00001 — ich Registered Common Stock, par value $0.00001 per share SEZL The Nasdaq Stock Market
Filing Documents
- szl-20240606.htm (8-K) — 25KB
- szl-20240606ex9901.htm (EX-99.1) — 10KB
- szl-20240606ex9901001.jpg (GRAPHIC) — 266KB
- szl-20240606ex9901002.jpg (GRAPHIC) — 388KB
- szl-20240606ex9901003.jpg (GRAPHIC) — 68KB
- 0001662991-24-000164.txt ( ) — 1167KB
- szl-20240606.xsd (EX-101.SCH) — 2KB
- szl-20240606_lab.xml (EX-101.LAB) — 24KB
- szl-20240606_pre.xml (EX-101.PRE) — 14KB
- szl-20240606_htm.xml (XML) — 3KB
01. Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure On June 7, 2024, the Company issued a press release announcing Mr. Purcell's resignation, which press release is filed as Exhibit 99.1 to this Current Report.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 99.1 Press Release of Sezzle Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 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. SEZZLE INC. Dated: June 10, 2024 By: /s/ Charles Youakim Charles Youakim Chief Executive Officer