Sidus Space Appoints New Director, Amends Officer Compensation

Ticker: SIDU · Form: 8-K · Filed: 2024-01-24T00:00:00.000Z

Sentiment: neutral

Topics: corporate-governance, executive-compensation, board-changes

TL;DR

**Sidus Space just shuffled its board and officer pay, watch for strategic shifts.**

AI Summary

Sidus Space Inc. (SIDU) announced on January 18, 2024, that it has appointed a new director and made changes to compensatory arrangements for certain officers. This matters to investors because changes in leadership and executive compensation can signal shifts in company strategy, governance, and financial health, potentially impacting future stock performance.

Why It Matters

Changes in leadership and executive compensation can influence a company's strategic direction and financial stability, directly affecting investor confidence and stock valuation.

Risk Assessment

Risk Level: low — This filing reports standard corporate governance changes, which typically carry a low direct risk unless specific details indicate otherwise.

Analyst Insight

A smart investor would monitor subsequent filings or company announcements for specific details regarding the new director's qualifications and the nature of the compensatory arrangement changes, as these could influence future company performance and strategy.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on January 18, 2024, concerning the departure or election of directors and compensatory arrangements of certain officers.

What is the trading symbol for Sidus Space, Inc. on the Nasdaq Capital Market?

The trading symbol for Sidus Space, Inc. on the Nasdaq Capital Market is SIDU, as stated under 'Title of each class' and 'Trading Symbol(s)'.

Where is Sidus Space, Inc.'s principal executive office located?

Sidus Space, Inc.'s principal executive office is located at 150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL 32953.

What is the par value per share for Sidus Space Inc.'s Class A Common Stock?

The par value per share for Sidus Space Inc.'s Class A Common Stock is $0.0001.

What items of information are being reported in this 8-K filing?

This 8-K filing reports information under 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits'.

From the Filing

0001493152-24-003552.txt : 20240124 0001493152-24-003552.hdr.sgml : 20240124 20240124094613 ACCESSION NUMBER: 0001493152-24-003552 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240118 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240124 DATE AS OF CHANGE: 20240124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sidus Space Inc. CENTRAL INDEX KEY: 0001879726 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] ORGANIZATION NAME: 06 Technology IRS NUMBER: 460628183 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41154 FILM NUMBER: 24554575 BUSINESS ADDRESS: STREET 1: 175 IMPERIAL BLVD. CITY: CAPE CANAVERAL STATE: FL ZIP: 32920 BUSINESS PHONE: 321-613-5620 MAIL ADDRESS: STREET 1: 150 N. SYKES CREEK PKWY, STREET 2: SUITE 200 CITY: MERRITT ISLAND STATE: FL ZIP: 32953 8-K 1 form8-k.htm false 0001879726 0001879726 2024-01-18 2024-01-18 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549   FORM 8-K   CURRENT REPORT   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): January 18, 2024       SIDUS SPACE, INC. (Exact name of registrant as specified in its charter)   Delaware   001-41154   46-0628183 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   150 N. Sykes Creek Parkway , Suite 200 Merritt Island , FL   32953 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code: (321) 613-5620   Not Applicable (Former name or former address, if changed since last report.)       Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share   SIDU   Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company ☒   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.   On January 18, 2024, the Board of Directors (the “Board”) of Sidus Space, Inc. (the “Company”) appointed Richard J. Berman as a non-independent director, effective immediately, for a term continuing to the Company’s next annual meeting

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