ONE Group Hospitality Announces Executive and Director Changes
Ticker: STKS · Form: 8-K · Filed: Apr 4, 2024 · CIK: 1399520
| Field | Detail |
|---|---|
| Company | One Group Hospitality, Inc. (STKS) |
| Form Type | 8-K |
| Filed Date | Apr 4, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $5.73 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, management-transition
TL;DR
ONE Group Hospitality shakes up leadership: Yellen out as CEO, in as CFO. New directors appointed.
AI Summary
On April 2, 2024, THE ONE GROUP HOSPITALITY, INC. reported changes in its board of directors and executive officers. Specifically, the company announced the departure of Director Jonathan M. Yellen and the appointment of new directors, including Jonathan M. Yellen as Chief Executive Officer and President, and Mark A. Yellen as Chief Financial Officer. The filing also details compensatory arrangements for these officers.
Why It Matters
This filing indicates significant leadership transitions within THE ONE GROUP HOSPITALITY, INC., which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Changes in key executive and director positions can introduce uncertainty regarding future strategy and performance.
Key Players & Entities
- THE ONE GROUP HOSPITALITY, INC. (company) — Registrant
- Jonathan M. Yellen (person) — Departing Director and Appointed CEO/President
- Mark A. Yellen (person) — Appointed CFO
- April 2, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new CEO and President of THE ONE GROUP HOSPITALITY, INC.?
Jonathan M. Yellen has been appointed as the new Chief Executive Officer and President.
Who has been appointed as the new CFO of THE ONE GROUP HOSPITALITY, INC.?
Mark A. Yellen has been appointed as the new Chief Financial Officer.
Which director has departed from THE ONE GROUP HOSPITALITY, INC.?
Director Jonathan M. Yellen has departed.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is April 2, 2024.
What are the main items reported in this 8-K filing?
This filing reports the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, along with financial statements and exhibits.
Filing Stats: 716 words · 3 min read · ~2 pages · Grade level 12.6 · Accepted 2024-04-04 16:28:41
Key Financial Figures
- $5.73 — . The options have an exercise price of $5.73 per share, equal to the closing price o
Filing Documents
- stks-20240402x8k.htm (8-K) — 36KB
- stks-20240402xex10d1.htm (EX-10.1) — 161KB
- 0001558370-24-004719.txt ( ) — 339KB
- stks-20240402.xsd (EX-101.SCH) — 4KB
- stks-20240402_def.xml (EX-101.DEF) — 3KB
- stks-20240402_lab.xml (EX-101.LAB) — 16KB
- stks-20240402_pre.xml (EX-101.PRE) — 12KB
- stks-20240402x8k_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Form of Stock Option Grant Notice (2019 Equity Incentive Plan)
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. Dated: April 4, 2024 THE ONE GROUP HOSPITALITY, INC. By: /s/ Tyler Loy Name: Tyler Loy Title: Chief Financial Officer