Community Redevelopment Inc. Reports Board Changes
Ticker: CRDV · Form: 8-K · Filed: 2024-12-04T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, corporate-governance, officer-compensation
TL;DR
Board shakeup at Community Redevelopment Inc. - new director in, one out.
AI Summary
Community Redevelopment Inc. announced on December 1, 2024, a change in its board of directors. Specifically, the company reported the departure of a director and the election of a new director, along with updates to its officer compensation arrangements. The filing details these changes as part of its regular corporate governance reporting.
Why It Matters
Changes in a company's board of directors can signal shifts in strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine changes in board composition and officer compensation, which are standard corporate governance events.
Key Players & Entities
- Community Redevelopment Inc. (company) — Registrant
- December 1, 2024 (date) — Date of earliest event reported
- Oklahoma (state) — State of incorporation
- Ewing, NJ (location) — Business address
FAQ
What specific changes were made to the board of directors?
The filing indicates the departure of a director and the election of a new director.
When did the reported board changes take effect?
The earliest event reported is dated December 1, 2024.
What other corporate governance matters were addressed in this filing?
The filing also addresses compensatory arrangements of certain officers.
What is the state of incorporation for Community Redevelopment Inc.?
The state of incorporation is Oklahoma.
Where is Community Redevelopment Inc. located?
The company's business address is 1910 Bear Tavern Rd #303, Ewing, NJ 08628.
Filing Stats: 382 words · 2 min read · ~1 pages · Grade level 12.5 · Accepted 2024-12-04 15:25:05
Filing Documents
- community_i8k.htm (8-K) — 21KB
- 0001683168-24-008516.txt ( ) — 188KB
- cwnr-20241201.xsd (EX-101.SCH) — 3KB
- cwnr-20241201_lab.xml (EX-101.LAB) — 33KB
- cwnr-20241201_pre.xml (EX-101.PRE) — 24KB
- community_i8k_htm.xml (XML) — 3KB
02 – DEPARTURE OF DIRECTORS OR
ITEM 5.02 – DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS. On December 1 st , 2024, Richard Balles resigned from his position as Director and Board Member, leaving Phil Sands as Director & CEO. Mr. Balles' resignation was not the result of any disagreements with management.
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. Dated: December 4 th , 2024 COMMUNITY REDEVELOPMENT CORP. By: /s/ Phil Sands Name: Phil Sands Title: Chief Executive Officer 2