Beyond Air Appoints New CFO, Approves Equity Plan
Ticker: XAIR · Form: 8-K · Filed: Mar 14, 2024 · CIK: 1641631
| Field | Detail |
|---|---|
| Company | Beyond Air, Inc. (XAIR) |
| Form Type | 8-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-appointment, equity-incentive-plan, board-election
TL;DR
Beyond Air got a new CFO, Michael McEvoy, starting March 11th with a $375k salary. Board elections and an equity plan also approved.
AI Summary
Beyond Air, Inc. announced on March 8, 2024, the appointment of Michael McEvoy as Chief Financial Officer, effective March 11, 2024. McEvoy will receive an annual base salary of $375,000 and is eligible for a discretionary bonus. The company also reported on the election of new directors and the approval of an equity incentive plan.
Why It Matters
The appointment of a new CFO and the approval of an equity incentive plan are key governance and financial management events that can impact investor confidence and future company performance.
Risk Assessment
Risk Level: medium — Changes in key executive positions and the approval of equity plans can signal shifts in company strategy or financial health, warranting closer investor scrutiny.
Key Numbers
- $375,000 — CFO Annual Salary (Base compensation for Michael McEvoy)
Key Players & Entities
- Beyond Air, Inc. (company) — Registrant
- Michael McEvoy (person) — Appointed Chief Financial Officer
- $375,000 (dollar_amount) — Annual base salary for CFO
- March 11, 2024 (date) — Effective date for CFO appointment
- March 8, 2024 (date) — Date of report
FAQ
What is Michael McEvoy's annual base salary?
Michael McEvoy's annual base salary is $375,000.
When is Michael McEvoy's appointment as CFO effective?
Michael McEvoy's appointment as Chief Financial Officer is effective March 11, 2024.
What other significant events were reported in this 8-K filing?
The filing also reported on the election of directors and the approval of an equity incentive plan.
What is the company's fiscal year end?
The company's fiscal year end is March 31.
What is the company's IRS number?
The company's IRS number is 473812456.
Filing Stats: 926 words · 4 min read · ~3 pages · Grade level 10.1 · Accepted 2024-03-14 17:15:01
Filing Documents
- form8-k.htm (8-K) — 55KB
- 0001493152-24-009982.txt ( ) — 226KB
- xair-20240308.xsd (EX-101.SCH) — 3KB
- xair-20240308_lab.xml (EX-101.LAB) — 33KB
- xair-20240308_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
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. BEYOND AIR, Inc. Date: March 14, 2024 By: /s/ Steven A. Lisi Name: Steven A. Lisi Title: Chief Executive Officer