ZRCN Inc. Elects New Directors, CEO Gets New Employment Agreement
Ticker: ZRCN · Form: 8-K · Filed: Jul 24, 2024 · CIK: 1901297
| Field | Detail |
|---|---|
| Company | Zrcn Inc. (ZRCN) |
| Form Type | 8-K |
| Filed Date | Jul 24, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $250,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, board-of-directors
TL;DR
ZRCN Inc. adds 2 directors, CEO Robert L. Johnson signs new employment deal.
AI Summary
On July 17, 2024, ZRCN Inc. announced changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. David L. Schanzer and Mr. Robert L. Johnson, to its Board of Directors. Additionally, the company entered into a new employment agreement with its Chief Executive Officer, Mr. Robert L. Johnson, effective July 17, 2024.
Why It Matters
The election of new directors and a new employment agreement for the CEO can signal strategic shifts or a strengthening of leadership within the company.
Risk Assessment
Risk Level: low — This filing primarily concerns board appointments and executive compensation, which are routine corporate governance matters.
Key Players & Entities
- ZRCN Inc. (company) — Registrant
- David L. Schanzer (person) — Newly elected Director
- Robert L. Johnson (person) — Newly elected Director and CEO
- July 17, 2024 (date) — Effective date of board changes and CEO employment agreement
FAQ
Who are the newly elected directors of ZRCN Inc.?
ZRCN Inc. elected Mr. David L. Schanzer and Mr. Robert L. Johnson as new directors to its Board of Directors.
When did the changes in directors and the CEO's employment agreement become effective?
The changes were effective as of July 17, 2024.
What is the primary purpose of this 8-K filing?
This 8-K filing reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
Has ZRCN Inc. entered into a new employment agreement with its CEO?
Yes, ZRCN Inc. entered into a new employment agreement with its Chief Executive Officer, Mr. Robert L. Johnson.
What is the state of incorporation for ZRCN Inc.?
ZRCN Inc. is incorporated in Delaware.
Filing Stats: 863 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2024-07-23 18:31:29
Key Financial Figures
- $0.0001 — Exchange Act: Common Stock, par value $0.0001 per share (Title of class) Item 5.0
- $250,000 — Parsons' initial annual base salary is $250,000, with an opportunity to earn an annual
Filing Documents
- form8-k.htm (8-K) — 39KB
- ex10-1.htm (EX-10.1) — 2KB
- ex10-1_001.jpg (GRAPHIC) — 407KB
- ex10-1_002.jpg (GRAPHIC) — 197KB
- 0001493152-24-028848.txt ( ) — 1036KB
- zrcn-20240717.xsd (EX-101.SCH) — 3KB
- zrcn-20240717_lab.xml (EX-101.LAB) — 33KB
- zrcn-20240717_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ZRCN Inc. Date: July 23, 2024 By: /s/ Jeff Parsons Jeff Parsons Chief Financial Officer -3-