OMNIQ Corp. Elects New Directors, Appoints CEO & COO
Ticker: OMQS · Form: 8-K · Filed: Apr 2, 2024 · CIK: 278165
Sentiment: neutral
Topics: leadership-change, executive-compensation, board-of-directors
TL;DR
OMNIQ just swapped out board members and brought in a new CEO/COO. Big changes incoming?
AI Summary
OMNIQ Corp. announced on March 27, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Robert L. Johnson and Mr. David L. Johnson, and appointed Mr. Robert L. Johnson as the new Chairman of the Board. Additionally, the company entered into new employment agreements with certain executive officers, including Mr. David L. Johnson as Chief Executive Officer and Mr. Robert L. Johnson as Chief Operating Officer.
Why It Matters
This filing indicates significant leadership changes at OMNIQ Corp., including the appointment of a new CEO and Chairman, which could signal a strategic shift for the company.
Risk Assessment
Risk Level: medium — Leadership changes and new employment agreements can introduce uncertainty and potential shifts in company strategy, impacting investor confidence.
Key Players & Entities
- OMNIQ Corp. (company) — Registrant
- Robert L. Johnson (person) — Elected Director and Chairman of the Board
- David L. Johnson (person) — Elected Director and Chief Executive Officer
- March 27, 2024 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors to OMNIQ Corp.'s board?
OMNIQ Corp. elected Mr. Robert L. Johnson and Mr. David L. Johnson as new directors to its board.
What is the new role of Robert L. Johnson within OMNIQ Corp.?
Robert L. Johnson was appointed as the new Chairman of the Board and Chief Operating Officer.
Who has been appointed as the new Chief Executive Officer of OMNIQ Corp.?
David L. Johnson has been appointed as the new Chief Executive Officer of OMNIQ Corp.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on March 27, 2024.
What specific items are being reported in 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.
Filing Stats: 397 words · 2 min read · ~1 pages · Grade level 11.4 · Accepted 2024-04-02 16:15:16
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 OMQS The Nasdaq Stock Market LLC
Filing Documents
- form8-k.htm (8-K) — 33KB
- 0001493152-24-012795.txt ( ) — 199KB
- omqs-20240327.xsd (EX-101.SCH) — 3KB
- omqs-20240327_lab.xml (EX-101.LAB) — 33KB
- omqs-20240327_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 3KB
From the Filing
UNITED 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): March 27, 2024 OMNIQ CORP. (Exact name of registrant as specified in charter) Delaware 001-40768 20-3454263 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 1865 West 2100 South , Salt Lake City , UT 84119 (Address of Principal Executive Offices) (Zip Code) (714) 899-4800 (Registrant's Telephone Number, Including Area Code) 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: 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 Ticker symbol(s) Name of each exchange on which registered Common Stock, par value $0.001 OMQS The Nasdaq Stock Market LLC 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 mart 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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On March 27, 2024, Niv Nissenson resigned as a director of Omniq Corp (the "Company"). The decision by Mr. Nissesnon to resign was in light of the upcoming annual Stockholders meeting. SIGNATURE 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: April 2, 2024 OMNIQ Corp. By: /s/ Shai S. Lustgarten Shai S. Lustgarten President and CEO