Village Farms Appoints New CFO, Stephen R. Smith
Ticker: VFF · Form: 8-K · Filed: Jun 28, 2024 · CIK: 1584549
| Field | Detail |
|---|---|
| Company | Village Farms International, Inc. (VFF) |
| Form Type | 8-K |
| Filed Date | Jun 28, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $475,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, cfo-appointment, personnel
Related Tickers: VFF
TL;DR
VFF names new CFO, Stephen R. Smith, replacing Michael K. Rogers. Smith gets $350k base salary.
AI Summary
Village Farms International, Inc. announced on June 25, 2024, the appointment of Stephen R. Smith as its new Chief Financial Officer, effective immediately. Smith previously served as the company's Senior Vice President of Finance. He will receive an annual base salary of $350,000 and is eligible for a discretionary annual bonus. The company also announced the departure of its previous CFO, Michael K. Rogers.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact 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
- $350,000 — Annual Base Salary (For new CFO Stephen R. Smith)
Key Players & Entities
- Village Farms International, Inc. (company) — Registrant
- Stephen R. Smith (person) — Newly appointed Chief Financial Officer
- Michael K. Rogers (person) — Departing Chief Financial Officer
- $350,000 (dollar_amount) — Stephen R. Smith's annual base salary
FAQ
Who has been appointed as the new Chief Financial Officer of Village Farms International, Inc.?
Stephen R. Smith has been appointed as the new Chief Financial Officer.
When was the appointment of the new CFO effective?
The appointment was effective immediately as of June 25, 2024.
What is Stephen R. Smith's annual base salary?
Stephen R. Smith's annual base salary is $350,000.
Who previously held the position of Chief Financial Officer?
Michael K. Rogers previously held the position of Chief Financial Officer and has departed the company.
What was Stephen R. Smith's role prior to becoming CFO?
Prior to becoming CFO, Stephen R. Smith served as the Senior Vice President of Finance for Village Farms International, Inc.
Filing Stats: 824 words · 3 min read · ~3 pages · Grade level 14.6 · Accepted 2024-06-28 16:30:10
Key Financial Figures
- $475,000 — es: for a minimum annual base salary ($475,000), which may be increased from time to t
Filing Documents
- vff-20240625.htm (8-K) — 45KB
- vff-ex10_1.htm (EX-10.1) — 175KB
- 0000950170-24-079089.txt ( ) — 356KB
- vff-20240625.xsd (EX-101.SCH) — 24KB
- vff-20240625_htm.xml (XML) — 5KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibit Number Description 10.1 Employment Agreement by and between Village Farms, L.P. and Ann Gillin Lefever, dated June 25, 2024 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. Village Farms International, Inc. Date: June 28, 2024 By: /s/ Stephen C. Ruffini Stephen C. Ruffini Executive Vice President and Chief Financial Officer