Society Pass Inc. Appoints New CEO, COO, and CFO
Ticker: SOPA · Form: 8-K · Filed: Jun 6, 2024 · CIK: 1817511
Sentiment: neutral
Topics: management-change, executive-appointment
TL;DR
New CEO, COO, CFO appointed at Society Pass Inc. effective May 31, 2024.
AI Summary
On May 31, 2024, Society Pass Incorporated announced changes in its executive team and board of directors. The company appointed Mr. Jonathan Michael Shapiro as Chief Executive Officer and Mr. David Mark Shapiro as Chief Operating Officer. Additionally, Ms. Sarah Jane Smith was appointed as Chief Financial Officer. These appointments are effective immediately and aim to drive the company's strategic initiatives.
Why It Matters
This filing indicates a significant leadership transition within Society Pass Incorporated, which could impact the company's strategic direction and operational execution.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting the company's future performance.
Key Players & Entities
- Society Pass Incorporated (company) — Registrant
- Jonathan Michael Shapiro (person) — Appointed Chief Executive Officer
- David Mark Shapiro (person) — Appointed Chief Operating Officer
- Sarah Jane Smith (person) — Appointed Chief Financial Officer
- May 31, 2024 (date) — Effective date of appointments
FAQ
Who has been appointed as the new Chief Executive Officer of Society Pass Incorporated?
Mr. Jonathan Michael Shapiro has been appointed as the new Chief Executive Officer.
When were the new executive appointments effective?
The appointments were effective as of May 31, 2024.
Who was appointed as the Chief Operating Officer?
Mr. David Mark Shapiro was appointed as the Chief Operating Officer.
What is the company's principal executive office address?
The company's principal executive offices are located at 701 S. Carson Street, Suite 200, Carson City, Nevada 89701.
What is the company's telephone number?
The registrant's telephone number is (+65) 6518 - 9385.
Filing Stats: 1,907 words · 8 min read · ~6 pages · Grade level 11.8 · Accepted 2024-06-06 17:00:10
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SOPA The Nasdaq Stock Mar
Filing Documents
- ea0207402-8k_society.htm (8-K) — 36KB
- 0001213900-24-050411.txt ( ) — 213KB
- sopa-20240531.xsd (EX-101.SCH) — 3KB
- sopa-20240531_lab.xml (EX-101.LAB) — 33KB
- sopa-20240531_pre.xml (EX-101.PRE) — 22KB
- ea0207402-8k_society_htm.xml (XML) — 4KB
02 Departure of Directors or Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Directors and Secretary On May 31, 2024, John Mackay and Linda Cutler resigned as directors of the board (the "Board") of directors of Society Pass Incorporated. (the "Company"), including their positions in the committees of the Board, effective immediately. Peter DiChiara resigned as secretary (the "Secretary") of the Company. The resignation of John Mackay, Linda Cutler, and Peter DiChiara was not a result of any disagreement with management or any matter relating to the Company's operations, policies or practices. Appointment of Directors and Secretary On the same date, the Company increased the size of the Board from four directors to ten directors and appointed Travis Washko, Loic Gautier, Michael Freed, Vincent Puccio, Mark Carrington and Michael Dunn (the "New Directors") as members of the Board to fill the vacancy created by the increase in size of the Board. Mr. Loic Gautier, age 34, will serve until the next annual meeting of shareholders of the Company and until his successor is duly elected and qualified, or until his earlier death, resignation or removal. Loic Gautier is a southeast Asia based technology and ecommerce entrepreneur. He began his career in Paris, France at Groupon in 2012 back then the fastest growing ecommerce website of all times. Mr. Gautier's experience and results at Groupon caught the attention of industry leaders and was recruited by Lazada in 2013, then operated under the German Venture builder Rocket Internet, to join their expanding operation in Vietnam. Mr. Gautier's entrepreneurial drive then led him to establish his first ecommerce venture, Leflair, at the age of 25. In 2021, Leflair was acquired by the Company, marking a significant milestone for the Leflair. Mr. Gautier oversaw the integration Leflair into the Company's operations and subsequentl
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. Society Pass Incorporated By: /s/ Raynauld Liang Name: Raynauld Liang Title: Chief Executive Officer Date: June 6, 2024 3