PodcastOne Appoints New CFO
Ticker: PODC · Form: 8-K · Filed: Apr 4, 2024 · CIK: 1940177
Sentiment: neutral
Topics: management-change, cfo-appointment
TL;DR
PodcastOne names Holly Shaffner new CFO, replacing Russell Jones.
AI Summary
PodcastOne, Inc. announced on March 29, 2024, the appointment of Holly Shaffner as Chief Financial Officer, effective immediately. Shaffner previously served as Senior Vice President of Finance and Accounting for the company. This appointment follows the departure of Russell Jones as CFO.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact the company's financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key financial leadership can signal underlying issues or strategic shifts, warranting closer scrutiny.
Key Players & Entities
- PodcastOne, Inc. (company) — Registrant
- Holly Shaffner (person) — Newly appointed Chief Financial Officer
- Russell Jones (person) — Departing Chief Financial Officer
- March 29, 2024 (date) — Effective date of appointment
FAQ
Who has been appointed as the new Chief Financial Officer of PodcastOne, Inc.?
Holly Shaffner has been appointed as the new Chief Financial Officer of PodcastOne, Inc.
When was Holly Shaffner's appointment effective?
Holly Shaffner's appointment was effective as of March 29, 2024.
What was Holly Shaffner's previous role at PodcastOne, Inc.?
Holly Shaffner previously served as Senior Vice President of Finance and Accounting for PodcastOne, Inc.
Who did Holly Shaffner replace as CFO?
Holly Shaffner replaced Russell Jones as CFO.
What is the exact name of the company filing this report?
The exact name of the company filing this report is PodcastOne, Inc.
Filing Stats: 1,142 words · 5 min read · ~4 pages · Grade level 10.5 · Accepted 2024-04-04 16:31:04
Key Financial Figures
- $0.00001 — nge on which registered Common stock, $0.00001 par value per share PODC The NASDAQ
- $2 billion — across the industry. She has managed a $2 billion annual budget for film production, ensu
Filing Documents
- ea0203340-8k_podcast.htm (8-K) — 37KB
- ea020334001ex99-1_podcast.htm (EX-99.1) — 14KB
- 0001213900-24-030437.txt ( ) — 230KB
- podc-20240329.xsd (EX-101.SCH) — 3KB
- podc-20240329_lab.xml (EX-101.LAB) — 33KB
- podc-20240329_pre.xml (EX-101.PRE) — 22KB
- ea0203340-8k_podcast_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On April 4, 2024, the Company issued a press release announcing the election of Ms. Blackwood as a director of the Company. A copy of the Company's press release is attached as Exhibit 99.1 to this Current Report on Form 8-K (this "Current Report"). 1 The Company is also correcting an inadvertent error in the reported number of podcast downloads for the nine months ended December 31, 2023 in the section captioned "Key Business Metric" of the Company's Quarterly Report on Form 10-Q for the quarter ended December 31, 2023 as follows. The number of podcast downloads for the nine months ended December 31, 2023 decreased due largely to modified download behavior by Apple iOS 17 as it continues to be adopted by podcast listeners, as well as the departure of non-revenue generating partner networks from the podcast network. Year Ended March 31, Nine Months Ended December 31, 2023 2022 YoY Growth 2023 2022 YoY Change Number of podcast downloads 617,445,568 590,412,840 5 % 309,635,414 552,481,253 (44 )% The information in this
01, including Exhibit 99.1 attached hereto, is furnished pursuant to Item 7.01 and shall not be deemed "filed"
Item 7.01, including Exhibit 99.1 attached hereto, is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any other purpose, including for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Item 7.01 of this Current Report shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing unless specifically provided otherwise.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. Exhibits: Exhibit No. Description 99.1* Press release, dated April 4, 2024. 104 Cover Page Interactive Data File (embedded with the Inline XBRL document). * Furnished herewith. 2
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: April 4, 2024 By: /s/ Aaron Sullivan Name: Aaron Sullivan Title: Chief Financial Officer 3