Wilhelmina International Reports Director/Officer Changes & Exhibits
Ticker: WHLM · Form: 8-K · Filed: Apr 19, 2024 · CIK: 1013706
| Field | Detail |
|---|---|
| Company | Wilhelmina International, Inc. (WHLM) |
| Form Type | 8-K |
| Filed Date | Apr 19, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $300,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-changes, filing
Related Tickers: WHLM
TL;DR
Wilhelmina International (WHLM) filed an 8-K on 4/15 detailing leadership changes and financial exhibits.
AI Summary
Wilhelmina International, Inc. filed an 8-K on April 19, 2024, reporting changes related to its directors and officers, including elections and appointments, as well as compensatory arrangements. The filing also includes financial statements and exhibits. The company was formerly known as New Century Equity Holdings Corp, Billing Concepts Corp, and Billing Information Concepts Corp.
Why It Matters
This filing indicates potential shifts in the company's leadership and governance structure, which could impact strategic direction and operational oversight.
Risk Assessment
Risk Level: low — This is a routine corporate filing detailing changes in directors and officers, not indicating immediate financial distress or significant operational shifts.
Key Numbers
- 20240415 — Report Date (Earliest event reported in the 8-K filing.)
- 20240419 — Filing Date (Date the 8-K was officially submitted to the SEC.)
Key Players & Entities
- Wilhelmina International, Inc. (company) — Registrant
- New Century Equity Holdings Corp (company) — Former Company Name
- Billing Concepts Corp (company) — Former Company Name
- Billing Information Concepts Corp (company) — Former Company Name
FAQ
What specific changes were made regarding directors or officers?
The filing indicates "Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers," but the specific details of these changes are not provided in the excerpt.
What is the significance of the 'Compensatory Arrangements of Certain Officers' item?
This item suggests that the filing may contain information regarding the compensation packages or agreements for key executives within Wilhelmina International, Inc.
When was Wilhelmina International, Inc. previously known by other names?
The company was formerly known as New Century Equity Holdings Corp (effective 20010220), Billing Concepts Corp (effective 19980814), and Billing Information Concepts Corp (effective 19960722).
What is the primary business of Wilhelmina International, Inc. according to the filing?
The Standard Industrial Classification (SIC) code provided is 8742, which corresponds to SERVICES-MANAGEMENT CONSULTING SERVICES.
What is the company's state of incorporation and fiscal year end?
Wilhelmina International, Inc. is incorporated in Delaware (DE) and its fiscal year ends on December 31 (1231).
Filing Stats: 774 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-04-19 06:01:33
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value WHLM Nasdaq Capital Marke
- $300,000 — mployment with an annual base salary of $300,000. The Agreement also provides for a disc
Filing Documents
- ef20027173_8k.htm (8-K) — 29KB
- ef20027173_ex10-1.htm (EX-10.1) — 42KB
- image00001.jpg (GRAPHIC) — 3KB
- 0001140361-24-020629.txt ( ) — 220KB
- whlm-20240415.xsd (EX-101.SCH) — 4KB
- whlm-20240415_lab.xml (EX-101.LAB) — 21KB
- whlm-20240415_pre.xml (EX-101.PRE) — 16KB
- ef20027173_8k_htm.xml (XML) — 4KB
02
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 15, 2024, Wilhelmina International, Inc. (the " Company ") engaged Mr. Gaurav Pahwa as the Company's Chief Financial Officer to serve as its "principal financial officer" and "principal accounting officer," as those terms are defined under the rules and regulations promulgated by the Securities and Exchange Commission. Mr. Pahwa (age 39) comes to the Company after serving as the Chief Financial Officer and Chief Operating Officer of New York Models as well as for LA Models since 2011. In these roles, he was responsible for spearheading the formation of a top-performing team, employing lean sigma methodologies to boost employee engagement and streamline back-office operations. He oversaw a team of 89 employees across California and New York and managed human resources. He also successfully implemented two ERP systems within budget and on schedule, while transitioning IT infrastructure to a cloud-based ecosystem. With a keen eye for financial oversight, he collaborated with independent CPA firms to review financial statements and directed internal audits to enhance controls. Furthermore, he handled all aspects of contract review and approval, both domestically and internationally. Mr. Pahwa received his Bachelors Degree in Accounting from the City University of New York, and holds several certifications in public accounting, fraud examination, as well human resources. There are no related party transactions between Mr. Pahwa and the Company as defined in Item 404(a) of Regulation SK and no family relationships between Mr. Pahwa and any other director, executive officer or person nominated or chosen to be a director or executive officer of the Company. The Company has entered into an employment letter agreement with Mr. Pahwa (the " Agreement ") confirming his employment as Chief Financial Officer of
Financial Statements and Exhibits
Financial Statements and Exhibits (d) Exhibits 10.1 Letter agreement dated April 15, 2024, between Wilhelmina International, Inc. and Gaurav Pahwa.
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. Wilhelmina International, Inc. Date: April 19, 2024 By: /s/ Mark Schwarz Mark Schwarz Director and Executive Chairman (principal executive officer)