Stran & Company Appoints New CFO and Directors
Ticker: SWAGW · Form: 8-K · Filed: Apr 15, 2024 · CIK: 1872525
| Field | Detail |
|---|---|
| Company | Stran & Company, Inc. (SWAGW) |
| Form Type | 8-K |
| Filed Date | Apr 15, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.0001, $4.81375 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, board-of-directors, cfo-appointment
Related Tickers: SWAG
TL;DR
Stran & Co. shakes up leadership: new CFO David Johnson, directors DeMarco & O'Donnell join the board.
AI Summary
Stran & Company, Inc. announced on April 12, 2024, changes in its executive team and board of directors. Specifically, the company appointed a new Chief Financial Officer, David A. Johnson, and elected two new directors, Michael R. DeMarco and Michael J. O'Donnell, to its Board. These appointments are effective immediately.
Why It Matters
Changes in key leadership roles like CFO and board composition can signal strategic shifts or governance adjustments that may impact the company's future direction and performance.
Risk Assessment
Risk Level: medium — Changes in executive and board leadership can introduce uncertainty regarding future strategy and execution, potentially affecting investor confidence.
Key Players & Entities
- Stran & Company, Inc. (company) — Registrant
- David A. Johnson (person) — Newly appointed Chief Financial Officer
- Michael R. DeMarco (person) — Newly elected Director
- Michael J. O'Donnell (person) — Newly elected Director
- April 12, 2024 (date) — Effective date of appointments
FAQ
Who has been appointed as the new Chief Financial Officer of Stran & Company, Inc.?
David A. Johnson has been appointed as the new Chief Financial Officer.
When were the changes in leadership effective?
The changes were effective as of April 12, 2024.
How many new directors were elected to the Board of Directors?
Two new directors, Michael R. DeMarco and Michael J. O'Donnell, were elected to the Board.
What is the principal executive office address for Stran & Company, Inc.?
The address is 2 Heritage Drive, Suite 600, Quincy, MA 02171.
What is the state of incorporation for Stran & Company, Inc.?
Stran & Company, Inc. is incorporated in Nevada.
Filing Stats: 420 words · 2 min read · ~1 pages · Grade level 13.1 · Accepted 2024-04-15 16:15:37
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SWAG The NASDAQ Stock Mar
- $4.81375 — of Common Stock at an exercise price of $4.81375 SWAGW The NASDAQ Stock Market LLC
Filing Documents
- ea0203935-8k_stran.htm (8-K) — 26KB
- 0001213900-24-032966.txt ( ) — 241KB
- swag-20240412.xsd (EX-101.SCH) — 4KB
- swag-20240412_def.xml (EX-101.DEF) — 26KB
- swag-20240412_lab.xml (EX-101.LAB) — 36KB
- swag-20240412_pre.xml (EX-101.PRE) — 25KB
- ea0203935-8k_stran_htm.xml (XML) — 6KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 12, 2024, Sheila Johnshoy resigned from her position as Chief Operating Officer of the Company. Ms. Johnshoy's resignation was not the result of any disagreement with the Company's operations, policies, or practices.
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. Date: April 15, 2024 STRAN & COMPANY, INC. /s/ Andrew Shape Name: Andrew Shape Title: President and Chief Executive Officer