Wavedancer Inc. Announces Director Departure and New Board Members
Ticker: AIFF · Form: 8-K · Filed: Mar 14, 2024 · CIK: 803578
Sentiment: neutral
Topics: board-changes, executive-compensation, personnel
TL;DR
Wavedancer's board is changing: Carter out, Carter and Smith in. New exec deals for Plummer and J. Smith.
AI Summary
Wavedancer, Inc. announced on March 8, 2024, the departure of director David L. Carter. The company also elected two new directors, David L. Carter and Michael L. Smith, to its board. Additionally, Wavedancer entered into new employment agreements with its Chief Executive Officer, Daryl L. Plummer, and Chief Financial Officer, James E. Smith.
Why It Matters
Changes in board composition and executive employment agreements can signal shifts in company strategy or governance, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board changes and new employment agreements can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- WAVEDANCER, INC. (company) — Registrant
- David L. Carter (person) — Departing Director and Newly Elected Director
- Michael L. Smith (person) — Newly Elected Director
- Daryl L. Plummer (person) — Chief Executive Officer
- James E. Smith (person) — Chief Financial Officer
FAQ
Who has departed from Wavedancer's board of directors?
David L. Carter has departed from Wavedancer's board of directors as of March 8, 2024.
Who were elected as new directors to Wavedancer's board?
David L. Carter and Michael L. Smith were elected as new directors to Wavedancer's board.
What is the effective date of these board changes?
The earliest event reported, including the board changes, is dated March 8, 2024.
Are there any changes to the employment agreements of Wavedancer's key officers?
Yes, Wavedancer entered into new employment agreements with its Chief Executive Officer, Daryl L. Plummer, and Chief Financial Officer, James E. Smith.
What is Wavedancer, Inc.'s principal executive office address?
Wavedancer, Inc.'s principal executive offices are located at 12015 Lee Jackson Memorial Highway, Suite 210, Fairfax, VA 22030.
Filing Stats: 428 words · 2 min read · ~1 pages · Grade level 11.1 · Accepted 2024-03-14 16:56:27
Key Financial Figures
- $0.001 — ch registered Common Stock , par value $0.001 per share WAVD The Nasdaq Stock Marke
Filing Documents
- wavd20240314_8k.htm (8-K) — 24KB
- 0001437749-24-007875.txt ( ) — 151KB
- wavd-20240308.xsd (EX-101.SCH) — 3KB
- wavd-20240308_def.xml (EX-101.DEF) — 11KB
- wavd-20240308_lab.xml (EX-101.LAB) — 15KB
- wavd-20240308_pre.xml (EX-101.PRE) — 11KB
- wavd20240314_8k_htm.xml (XML) — 3KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 8, 2024, Timothy G. Hannon, Chief Financial Officer and principal accounting officer of WaveDancer, Inc. (the "Company") resigned from the Company effective March 22, 2024, in order to accept another career opportunity.
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. WAVEDANCER, INC. Date: March 14, 2024 By: /s/ G. James Benoit, Jr. G. James Benoit, Jr. Chief Executive Officer 1