Sidus Space Inc. Reports Board and Officer Changes

Ticker: SIDU · Form: 8-K · Filed: 2024-09-03T00:00:00.000Z

Sentiment: neutral

Topics: governance, executive-compensation, board-changes

TL;DR

Sidus Space Inc. just shook up its board and exec comp. Big changes ahead?

AI Summary

Sidus Space Inc. announced on August 27, 2024, a change in its board of directors, with the election of new directors and the appointment of certain officers. The company also reported on compensatory arrangements for its key executives. This filing details the governance and compensation structure changes within Sidus Space Inc.

Why It Matters

Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future financial performance.

Risk Assessment

Risk Level: medium — Changes in board and executive roles can indicate internal shifts that may impact future performance and strategy.

Key Players & Entities

FAQ

Who were the newly elected directors or appointed officers?

The filing indicates the election of directors and appointment of officers but does not name them specifically in the provided text.

What specific compensatory arrangements were made for certain officers?

The filing mentions 'Compensatory Arrangements of Certain Officers' as an item of disclosure but does not detail the specifics in the provided text.

What is the exact date of the board and officer changes?

The earliest event reported is August 27, 2024.

What is Sidus Space Inc.'s state of incorporation?

Sidus Space Inc. is incorporated in Delaware.

Where are Sidus Space Inc.'s principal executive offices located?

Sidus Space Inc.'s principal executive offices are located at 150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL 32953.

From the Filing

0001493152-24-034727.txt : 20240903 0001493152-24-034727.hdr.sgml : 20240903 20240903084859 ACCESSION NUMBER: 0001493152-24-034727 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20240827 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240903 DATE AS OF CHANGE: 20240903 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sidus Space Inc. CENTRAL INDEX KEY: 0001879726 STANDARD INDUSTRIAL CLASSIFICATION: RADIO TELEPHONE COMMUNICATIONS [4812] ORGANIZATION NAME: 06 Technology IRS NUMBER: 460628183 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41154 FILM NUMBER: 241272265 BUSINESS ADDRESS: STREET 1: 175 IMPERIAL BLVD. CITY: CAPE CANAVERAL STATE: FL ZIP: 32920 BUSINESS PHONE: 321-613-5620 MAIL ADDRESS: STREET 1: 150 N. SYKES CREEK PKWY, STREET 2: SUITE 200 CITY: MERRITT ISLAND STATE: FL ZIP: 32953 8-K 1 form8-k.htm false 0001879726 0001879726 2024-08-27 2024-08-27 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES 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): August 27, 2024   SIDUS SPACE, INC. (Exact name of registrant as specified in its charter)   Delaware   001-41154   46-0628183 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   150 N. Sykes Creek Parkway , Suite 200 Merritt Island , FL   32953 (Address of principal executive offices)   (Zip Code)   Registrant’s telephone number, including area code: (321) 613-5620   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 (see General Instructions A.2. below):   ☐ 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   Trading Symbol(s)   Name of each exchange on which registered Class A Common Stock, $0.0001 par value per share   SIDU   Nasdaq Capital Market   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 mark 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 Principal Officers; Election of Directors; Appointment of Principal Officers.   On August 27, 2024, the Board of Directors (the “Board”) of Sidus Space, Inc. (the “Company”) appointed Lavanson C. “LC” Coffey III as a director, effective immediately, for a term continuing to the Company’s next annual meeting of shareholders, when

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