Visium Technologies Appoints New CFO
Ticker: VISM · Form: 8-K · Filed: Jul 31, 2024 · CIK: 1082733
Sentiment: neutral
Topics: management-change, executive-appointment, compensation
TL;DR
Visium Tech names Michael Gannon new CFO, gets $250k salary + stock options.
AI Summary
Visium Technologies, Inc. announced on July 25, 2024, the appointment of Michael J. Gannon as Chief Financial Officer, effective immediately. Gannon will receive an annual base salary of $250,000 and is eligible for a discretionary bonus. He will also be granted 100,000 stock options, vesting over three years.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact financial strategy and investor confidence.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $250,000 — CFO Annual Salary (Represents the base compensation for the new Chief Financial Officer.)
- 100,000 — Stock Options Granted (Incentive awarded to the new CFO, vesting over three years.)
Key Players & Entities
- Visium Technologies, Inc. (company) — The company filing the report.
- Michael J. Gannon (person) — Newly appointed Chief Financial Officer.
- $250,000 (dollar_amount) — Annual base salary for the new CFO.
- 100,000 (dollar_amount) — Number of stock options granted to the new CFO.
- July 25, 2024 (date) — Effective date of the CFO appointment.
FAQ
Who has been appointed as the new Chief Financial Officer of Visium Technologies, Inc.?
Michael J. Gannon has been appointed as the new Chief Financial Officer.
When was the appointment of the new CFO effective?
The appointment of Michael J. Gannon as CFO was effective July 25, 2024.
What is the annual base salary for the new CFO?
The annual base salary for Michael J. Gannon is $250,000.
What stock options were granted to the new CFO?
Michael J. Gannon was granted 100,000 stock options, which vest over three years.
Is the new CFO eligible for a bonus?
Yes, Michael J. Gannon is eligible for a discretionary bonus.
Filing Stats: 635 words · 3 min read · ~2 pages · Grade level 10.5 · Accepted 2024-07-31 07:15:23
Filing Documents
- vism_8k.htm (8-K) — 26KB
- vism_ex991.htm (EX-99.1) — 3KB
- vism_ex992.htm (EX-99.2) — 3KB
- vism_ex993.htm (EX-99.3) — 3KB
- 0001654954-24-009661.txt ( ) — 151KB
- vism-20240725.xsd (EX-101.SCH) — 6KB
- vism-20240725_lab.xml (EX-101.LAB) — 13KB
- vism-20240725_cal.xml (EX-101.CAL) — 1KB
- vism-20240725_pre.xml (EX-101.PRE) — 8KB
- vism-20240725_def.xml (EX-101.DEF) — 2KB
- vism_8k_htm.xml (XML) — 3KB
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. VISIUM TECHNOLOGIES, INC. Date: July 31, 2024 By: /s/ Mark Lucky Mark Lucky Chief Executive Officer 4