CleanCore Solutions Appoints New Officers and Directors
Ticker: ZONE · Form: 8-K · Filed: Jan 7, 2025 · CIK: 1956741
Sentiment: neutral
Topics: management-change, board-election, compensation
TL;DR
CleanCore Solutions has new brass and board members as of Jan 1st, with exec pay details filed.
AI Summary
CleanCore Solutions, Inc. announced on January 7, 2025, that effective January 1, 2025, the company appointed new officers and elected new directors. The filing also includes information regarding compensatory arrangements for certain officers and financial statements and exhibits.
Why It Matters
Changes in corporate leadership and the disclosure of compensatory arrangements can significantly impact investor confidence and the company's strategic direction.
Risk Assessment
Risk Level: medium — Changes in executive and board composition can signal shifts in strategy or internal dynamics, requiring investor scrutiny.
Key Players & Entities
- CleanCore Solutions, Inc. (company) — Registrant
- January 7, 2025 (date) — Date of Report
- January 1, 2025 (date) — Earliest Event Reported
FAQ
What specific roles have been filled by the newly appointed officers?
The filing indicates the appointment of certain officers but does not specify the exact roles in the provided text.
Who are the newly elected directors of CleanCore Solutions, Inc.?
The filing states that directors have been elected, but their names are not detailed in this excerpt.
What are the details of the compensatory arrangements for the officers?
The filing mentions compensatory arrangements for certain officers are included, but the specific details are not provided in this text.
What financial statements and exhibits are included with this 8-K filing?
The filing indicates that financial statements and exhibits are included, but their specific content is not detailed in this excerpt.
What is the primary business of CleanCore Solutions, Inc.?
CleanCore Solutions, Inc. operates in the Specialty Cleaning, Polishing and Sanitation Preparations industry, SIC code 2842.
Filing Stats: 1,413 words · 6 min read · ~5 pages · Grade level 12.4 · Accepted 2025-01-07 16:14:54
Key Financial Figures
- $0.0001 — tered Class B Common Stock, par value $0.0001 per share ZONE NYSE American LLC
- $165,000 — is entitled to an annual base salary of $165,000 and a quarterly bonus of $5,000, which
- $5,000 — ry of $165,000 and a quarterly bonus of $5,000, which Mr. Buchanan may elect to receiv
- $125,000 — is entitled to an annual base salary of $125,000 and a quarterly bonus of $7,500 based o
- $7,500 b — ry of $125,000 and a quarterly bonus of $7,500 based on mutually agreed upon key perform
Filing Documents
- ea0226883-8k_cleancore.htm (8-K) — 34KB
- ea022688301ex10-1_cleancore.htm (EX-10.1) — 51KB
- ea022688301ex10-2_cleancore.htm (EX-10.2) — 53KB
- 0001213900-25-001639.txt ( ) — 338KB
- zone-20250101.xsd (EX-101.SCH) — 3KB
- zone-20250101_lab.xml (EX-101.LAB) — 33KB
- zone-20250101_pre.xml (EX-101.PRE) — 22KB
- ea0226883-8k_cleancore_htm.xml (XML) — 4KB
02 Departure of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Election of President On January 1, 2025, the board of directors of CleanCore Solutions, Inc. (the " Company ") appointed Travis Buchanan as President of the Company. Mr. Buchanan succeeds Clayton Adams, who will continue as the Chief Executive Officer of the Company. Travis Buchanan is an experienced executive with a background in acquisitions, scaling businesses, technology design and deployment, and manufacturing operations. Throughout his career, he has worked with diverse organizations, including startups, small businesses, and publicly traded companies, focusing on aligning strategy, technology, and operational processes to support significant growth. Most recently, from March 2021 to October 2023, Mr. Buchanan served as Chief Operating Officer at Poplar Homes, where he established the company's M&A function and helped grow the portfolio. In his role, he managed key operational teams spanning leasing, maintenance, renewals, acquisition integrations and customer service. Prior to that, from August 2015 to March 2021, Mr. Buchanan served as Senior Vice President of Business Initiatives at American Homes 4 Rent, where he led strategic initiatives, including incubating of new business units, automating HOA processes, overhauling the company's leasing processes and systems, and designed and scaled the company's in house maintenance team. Mr. Buchanan's entrepreneurial and advisory experience includes co-founding a custom-fit suit and dress shirt company and serving as an investor and advisor for ScanCafe, a media digitization company. Additionally, he provided turnaround consulting for manufacturing and direct-to-consumer brands, focusing on optimizing production processes, facility layouts and financial systems, as well as building and executing a game plan to shut down and relocate facilities. Earlier in
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description of Exhibit 10.1 Employment Agreement, dated January 1, 2025, between CleanCore Solutions, Inc. and Travis Buchanan 10.2 Employment Agreement, dated January 1, 2025, between CleanCore Solutions, Inc. and Gary Hollst 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2
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: January 7, 2025 CLEANCORE SOLUTIONS, INC. /s/ Clayton Adams Name: Clayton Adams Title: Chief Executive Officer 3