Expion360 Inc. Files 8-K: Director/Officer Changes & Financials
Ticker: XPON · Form: 8-K · Filed: 2024-12-20T00:00:00.000Z
Sentiment: neutral
Topics: corporate-governance, officer-appointments, director-changes, financial-statements
TL;DR
Expion360 8-K: Board shakeup, new officers, and financial docs filed. Watch for updates.
AI Summary
Expion360 Inc. filed an 8-K on December 20, 2024, reporting changes effective December 16, 2024. The filing includes updates on the departure of directors, election of new directors, appointment of officers, and compensatory arrangements. It also covers financial statements and exhibits.
Why It Matters
This filing indicates significant corporate governance and potential financial reporting updates for Expion360 Inc., which could impact investor confidence and strategic direction.
Risk Assessment
Risk Level: medium — Changes in directors and officers, along with the filing of financial statements, can signal shifts in company strategy or performance that warrant investor attention.
Key Players & Entities
- Expion360 Inc. (company) — Registrant
- Nevada (jurisdiction) — State of incorporation
- 2025 SW Deerhound Avenue, Redmond, OR 97756 (address) — Principal executive offices
- December 16, 2024 (date) — Earliest event reported
- December 20, 2024 (date) — Date of report
FAQ
What specific changes were made regarding directors and officers?
The filing indicates the departure of directors, election of new directors, and the appointment of certain officers, along with details on their compensatory arrangements.
What is the effective date of the reported events?
The earliest event reported is dated December 16, 2024.
What type of financial information is included in this filing?
The filing includes financial statements and exhibits.
Where are Expion360 Inc.'s principal executive offices located?
The principal executive offices are located at 2025 SW Deerhound Avenue, Redmond, OR 97756.
What is the SIC code for Expion360 Inc.?
The Standard Industrial Classification (SIC) code for Expion360 Inc. is 3690, which corresponds to Miscellaneous Electrical Machinery, Equipment & Supplies.
Filing Stats: 803 words · 3 min read · ~3 pages · Grade level 11 · Accepted 2024-12-20 16:10:14
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share XPON The Nasdaq Capital M
Filing Documents
- xpon_8k.htm (8-K) — 36KB
- ex99_1.htm (EX-99.1) — 12KB
- image_001.jpg (GRAPHIC) — 5KB
- 0001903596-24-000738.txt ( ) — 229KB
- xpon-20241216.xsd (EX-101.SCH) — 3KB
- xpon-20241216_lab.xml (EX-101.LAB) — 33KB
- xpon-20241216_pre.xml (EX-101.PRE) — 22KB
- xpon_8k_htm.xml (XML) — 4KB
02
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Chief Financial Officer On December 16, 2024, Greg Aydelott, the Chief Financial Officer of Expion360 Inc. (the "Company"), notified the Company that he is resigning from his role effective December 31, 2024, due to family health concerns. Mr. Aydelott will remain with the Company in a consulting role on an ongoing basis. Appointment of Interim Chief Financial Officer In connection with Mr. Aydelott's resignation, on December 20, 2024, the Company's Board of Directors (the "Board") appointed Brian Schaffner, who currently serves as the Company's Chief Executive Officer and as a member of the Board, to serve as the Company's interim Chief Financial Officer effective immediately upon Mr. Aydelott's resignation. In this role, Mr. Schaffner will serve as the Company's principal financial officer and principal accounting officer (in addition to serving as the Company's principal executive officer). Information regarding Mr. Schaffner's business experience is included in the Company's definitive proxy statement on Schedule 14A filed with the Securities and Exchange Commission on September 3, 2024. There are no arrangements or understandings between Mr. Schaffner and any other person pursuant to which he was selected to temporarily assume the responsibilities of Chief Financial Officer. There are no family relationships between Mr. Schaffner and any director or executive officer of the Company, nor any relationships required to be reported pursuant to Item 404(a) of Regulations S-K. Mr. Schaffner will not initially receive any additional compensation in connection with serving as interim Chief Financial Officer.
01
Item 7.01. Regulation FD Disclosure. On December 20, 2024, the Company issued a press release announcing Mr. Aydelott's resignation and Mr. Schaffner's appointment as discussed in Item 5.02 herein. A copy of the press release is attached as Exhibit 99.1 hereto and is hereby incorporated by reference in its entirety. The information provided in this Item 7.01 and Exhibit 99.1 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. Such information shall not be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as otherwise expressly set forth by specific reference in such filing.
01
Item 9.01.
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated December 20, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document).
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. EXPION360 INC. Date: December 20, 2024 By: /s/ Brian Schaffner Name: Brian Schaffner Title: Chief Executive Officer