PodcastOne Reports Officer/Director Changes, Comp Arrangements
Ticker: PODC · Form: 8-K · Filed: Jan 30, 2024 · CIK: 1940177
Complexity: simple
Sentiment: neutral
Topics: executive-changes, compensation, corporate-governance
TL;DR
**PodcastOne just filed an 8-K about executive changes and pay, watch for details!**
AI Summary
PodcastOne, Inc. filed an 8-K on January 30, 2024, reporting an event that occurred on January 24, 2024, related to changes in its directors or officers and their compensation. This filing indicates potential shifts in leadership or executive pay structures, which could impact the company's strategic direction and financial performance. Investors should pay attention to the details of these changes as they can signal future operational adjustments or a new corporate vision.
Why It Matters
Changes in leadership and executive compensation can significantly influence a company's strategy, operational efficiency, and ultimately, its stock performance.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty, but also opportunities for new strategic direction, making the risk level moderate.
Analyst Insight
Investors should await further details on the specific individuals involved and the nature of the compensatory arrangements to fully assess the impact on PodcastOne, Inc.'s future performance.
Key Players & Entities
- PodcastOne, Inc. (company) — the registrant filing the 8-K
- January 24, 2024 (date) — date of the earliest event reported
- January 30, 2024 (date) — date the 8-K was filed
- 001-41795 (string) — Commission File Number for PodcastOne, Inc.
- 35-2503373 (string) — I.R.S. Employer Identification No. for PodcastOne, Inc.
FAQ
What specific event did PodcastOne, Inc. report in this 8-K filing?
PodcastOne, Inc. reported an event concerning the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as per Item 5.02 of Form 8-K.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 24, 2024.
What is the full legal name of the company that filed this 8-K?
The exact name of the registrant as specified in its charter is PODCASTONE, INC.
What is the business address of PodcastOne, Inc. as stated in the filing?
The business address of PodcastOne, Inc. is 335 N. Maple Drive Suite 127, Beverly Hills, CA 90210.
What is the Commission File Number for PodcastOne, Inc.?
The Commission File Number for PodcastOne, Inc. is 001-41795.
Filing Stats: 758 words · 3 min read · ~3 pages · Grade level 10.6 · Accepted 2024-01-30 17:00:14
Key Financial Figures
- $0.00001 — nge on which registered Common stock, $0.00001 par value per share PODC The NASDAQ
Filing Documents
- ea192441-8k_podcastone.htm (8-K) — 26KB
- 0001213900-24-007994.txt ( ) — 198KB
- podc-20240124.xsd (EX-101.SCH) — 3KB
- podc-20240124_lab.xml (EX-101.LAB) — 33KB
- podc-20240124_pre.xml (EX-101.PRE) — 22KB
- ea192441-8k_podcastone_htm.xml (XML) — 4KB
02 Departure
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (c) Effective as of January 24, 2024, Aaron Sullivan was appointed as the full-time Chief Financial Officer, Treasurer and Secretary of PodcastOne, Inc. (the "Company") in connection with Mr. Sullivan's appointment to the same positions with LiveOne, Inc., the Company's parent ("LiveOne"), and LiveOne's other major subsidiaries. Mr. Sullivan, age 42, has served as the Company's and LiveOne's Interim Chief Financial Officer since December 31, 2021. Mr. Sullivan has held various positions since joining LiveOne as its Controller and Executive Vice President in March 2019, including as the Interim Treasurer and Interim Secretary of the Company and the Executive Vice President, Controller, Interim Treasurer and Interim Secretary of LiveOne. Mr. Sullivan is a seasoned executive with extensive financial, mergers and acquisitions and operational experience in building, managing and scaling organizations, as well with financial reporting and internal controls. Mr. Sullivan has built and led financial organizations across multi-billion-dollar technology companies. Prior to joining the Company, Mr. Sullivan served as the Controller - Cloud of j2 Global, Inc. (now Consensus Cloud Solutions, Inc.), a cloud software company, since July 2015. Prior to that, Mr. Sullivan worked at PricewaterhouseCoopers LLP, a global public accounting firm. Mr. Sullivan holds a B.A, Business & Economics degree from Trinity College Dublin, Ireland and is a Certified Public Accountant. There is no arrangement or understanding between Mr. Sullivan and any other persons pursuant to which Mr. Sullivan was appointed to his positions. There are no family relationships between Mr. Sullivan and any of the Company's officers or directors. Other than as described below, there are no other transactions to which the Company or any of its subsidiaries is
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. PODCASTONE, INC. Dated: January 30, 2024 By: /s/ Aaron Sullivan Name: Aaron Sullivan Title: Chief Financial Officer 2