Beyond Air Files 8-K: Director Changes, Officer Appointments
Ticker: XAIR · Form: 8-K · Filed: Nov 26, 2024 · CIK: 1641631
| Field | Detail |
|---|---|
| Company | Beyond Air, Inc. (XAIR) |
| Form Type | 8-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0, $0.54, $1.53, $6.87, $6.87 B |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, officer-appointment, director-departure
Related Tickers: XAIR
TL;DR
Beyond Air (XAIR) filed an 8-K detailing director/officer changes and compensation updates. Watch for governance shifts.
AI Summary
Beyond Air, Inc. filed an 8-K on November 26, 2024, reporting events as of November 22, 2024. The filing covers the departure of directors, election of directors, appointment of officers, and changes to compensatory arrangements. It also includes amendments to articles of incorporation or bylaws, changes in fiscal year, and submission of matters to a vote of security holders. Financial statements and exhibits are also part of the filing.
Why It Matters
This 8-K filing indicates significant corporate governance changes at Beyond Air, Inc., including shifts in leadership and potential adjustments to executive compensation, which could impact the company's strategic direction.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with potential amendments to bylaws and compensatory arrangements, can signal shifts in strategy or internal dynamics that may carry moderate risk.
Key Players & Entities
- Beyond Air, Inc. (company) — Registrant
- November 22, 2024 (date) — Date of earliest event reported
- November 26, 2024 (date) — Filing date
- AIT Therapeutics, Inc. (company) — Former company name
- KokiCare, Inc. (company) — Former company name
FAQ
What specific directors have departed from Beyond Air, Inc.?
The filing indicates the departure of directors but does not name them in the provided text.
Who has been elected as a new director or appointed as an officer?
The filing mentions the election of directors and appointment of officers, but specific names are not detailed in the provided text.
Are there any changes to Beyond Air, Inc.'s compensatory arrangements for officers?
Yes, the filing explicitly lists 'Compensatory Arrangements of Certain Officers' as an item of disclosure.
Does this 8-K filing include any amendments to Beyond Air, Inc.'s articles of incorporation or bylaws?
Yes, the filing indicates 'Amendments to Articles of Incorporation or Bylaws' as a reported item.
What is the significance of the 'Submission of Matters to a Vote of Security Holders' item?
This item suggests that the company has presented or will present certain matters for a vote by its shareholders, the details of which would be in the full filing.
Filing Stats: 1,847 words · 7 min read · ~6 pages · Grade level 11.4 · Accepted 2024-11-26 17:00:17
Key Financial Figures
- $0 — ions had an exercise price in excess of $0.54, the closing price per share of the
- $0.54 — exercise price per share was reduced to $0.54. The following options held by the Co
- $1.53 — and Chairman of the Board 2,950,000 $1.53 to $6.87 Robert Carey, Director 236,
- $6.87 — man of the Board 2,950,000 $1.53 to $6.87 Robert Carey, Director 236,000 $1.
- $6.87 B — oori Lee, Director 205,000 $1.53 to $6.87 Bill Forbes, Director 198,000 $1.53 t
- $6.87 M — l Forbes, Director 198,000 $1.53 to $6.87 Michael Gaul, Chief Operating Officer 6
- $10.68 — Financial Officer 515,000 $1.53 to $10.68 The Board approved the Option Reprici
Filing Documents
- form8-k.htm (8-K) — 85KB
- ex3-1.htm (EX-3.1) — 13KB
- 0001493152-24-047830.txt ( ) — 279KB
- xair-20241122.xsd (EX-101.SCH) — 3KB
- xair-20241122_lab.xml (EX-101.LAB) — 33KB
- xair-20241122_pre.xml (EX-101.PRE) — 24KB
- 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: November 26, 2024 By: /s/ Steven A. Lisi Name: Steven A. Lisi Title: Chief Executive Officer