Society Pass Inc. Names New CEO, Elects Directors
Ticker: SOPA · Form: 8-K · Filed: Jun 25, 2024 · CIK: 1817511
Sentiment: neutral
Topics: leadership-change, executive-compensation, board-of-directors
TL;DR
New CEO & board members at Society Pass, De Guzman out, D. Johnson in.
AI Summary
On June 21, 2024, Society Pass Incorporated announced changes to its board of directors and executive compensation. The company elected two new directors, Mr. David L. Johnson and Mr. Robert J. Johnson, and appointed Mr. David L. Johnson as the new Chief Executive Officer, replacing Mr. Michael G. De Guzman. The filing also details compensatory arrangements for certain officers.
Why It Matters
This filing indicates a significant leadership change at Society Pass, with a new CEO and board members appointed, which could signal a shift in the company's strategy or operational focus.
Risk Assessment
Risk Level: medium — Leadership changes and executive compensation adjustments can introduce uncertainty and potential shifts in company strategy, impacting investor confidence.
Key Players & Entities
- Society Pass Incorporated (company) — Registrant
- David L. Johnson (person) — Newly elected director and CEO
- Robert J. Johnson (person) — Newly elected director
- Michael G. De Guzman (person) — Former CEO
- June 21, 2024 (date) — Date of earliest event reported
FAQ
Who has been appointed as the new CEO of Society Pass Incorporated?
Mr. David L. Johnson has been appointed as the new Chief Executive Officer.
Who were the new directors elected to the board?
Mr. David L. Johnson and Mr. Robert J. Johnson were elected as new directors.
Who did David L. Johnson replace as CEO?
Mr. David L. Johnson replaced Mr. Michael G. De Guzman as CEO.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is June 21, 2024.
What is the principal executive office address for Society Pass Incorporated?
The principal executive offices are located at 701 S. Carson Street, Suite 200, Carson City, Nevada 89701.
Filing Stats: 442 words · 2 min read · ~1 pages · Grade level 13.3 · Accepted 2024-06-25 17:00:11
Key Financial Figures
- $0.0001 — ch registered Common Stock, par value $0.0001 per share SOPA The Nasdaq Stock Ma
Filing Documents
- ea0208442-8k_society.htm (8-K) — 24KB
- 0001213900-24-055783.txt ( ) — 195KB
- sopa-20240621.xsd (EX-101.SCH) — 3KB
- sopa-20240621_lab.xml (EX-101.LAB) — 33KB
- sopa-20240621_pre.xml (EX-101.PRE) — 22KB
- ea0208442-8k_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 On June 21, 2024, Jeremy Miller and Tan Bien Kiat 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. The resignation of Jeremy Miller and Tan Bien Kiat were not a result of any disagreement with management or any matter relating to the Company's operations, policies or practices. 1
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 25, 2024 2