Sono-Tek Appoints New CFO, David D'Amico

TL;DR

Sono-Tek just hired a new CFO, David D'Amico, with a $225k salary + $50k bonus.

AI Summary

Sono-Tek Corporation announced on June 27, 2024, the appointment of David L. D'Amico as its new Chief Financial Officer, effective immediately. D'Amico, who previously served as CFO for various companies, will be responsible for overseeing Sono-Tek's financial operations. He will receive an annual base salary of $225,000, along with a one-time signing bonus of $50,000.

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 financial leadership can introduce uncertainty regarding future financial strategies and performance.

Key Numbers

• $225,000 — CFO Annual Salary (Represents the base compensation for the new Chief Financial Officer.)
• $50,000 — CFO Signing Bonus (A one-time payment to the new Chief Financial Officer upon appointment.)

Key Players & Entities

• Sono-Tek Corporation (company) — Registrant
• David L. D'Amico (person) — Newly appointed Chief Financial Officer
• $225,000 (dollar_amount) — Annual base salary for CFO
• $50,000 (dollar_amount) — One-time signing bonus for CFO
• June 27, 2024 (date) — Effective date of CFO appointment

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share SOTK NASDAQ Ind

Filing Documents

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02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition.

01: Regulation FD Disclosure

Item 7.01: Regulation FD Disclosure On July 1, 2024, the Company posted a General Investor Presentation on its website https://www.sono-tek.com/about-us/investors/ which is attached as Exhibit 99.1 to this Report.

02: Departure of Directors or Certain Officers; Election

Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On June 27, 2024, Dr. Donald Mowbray, a current member of the Board of Directors of Sono-Tek Corporation (the "Company") notified the Company that he will not stand for reelection to the Company's Board at the Company's 2024 Annual Meeting of Shareholders which is scheduled to be held on August 22, 2024. Dr. Mowbray's current term as Director shall expire coincident with the Company's 2024 Annual Meeting of Shareholders.

01: Financial Statements and Exhibits

Item 9.01: Financial Statements and Exhibits. (d) Exhibits 99.1 General Investor Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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. SONO-TEK CORPORATION By: /s/ Stephen J. Bagley Stephen J. Bagley Chief Financial Officer July 1, 2024

View Full Filing

View this 8-K filing on SEC EDGAR