Synalloy appoints Aaron Tam as CFO, replacing Sally Cunningham

ASCENT INDUSTRIES CO.

Aaron Tam becomes CFO effective August 30, 2021; succeeds Sally Cunningham who was separated on August 27, 2021.
Tam will receive $300,000 base salary, cash bonus up to $150,000, and stock awards up to $150,000 for 2021.
Inducement grant of 18,340 shares with half vesting at 3 years and half when 30-day VWAP reaches $17.00.
Severance of 6 months' base salary if board members Hutter or Rosenzweig leave and Tam is terminated within one year.
Tam previously served as CFO of Northstar Aerospace since 2013; holds Ph.D. in finance from Northwestern.

item 5.02 item 9.01

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Appointed

Aaron Tam

Chief Financial Officer

ACNT · ASCENT INDUSTRIES CO.

Effective: 2021-08-30
Filed: August 30, 2021, 7:59 PM ET

On August 30, 2021, the Company announced the appointment of Aaron Tam, 52, as Chief Financial Officer of Synalloy Corporation (“Synalloy” or the “Company”).

Departed

Sally M. Cunningham

Chief Financial Officer

ACNT · ASCENT INDUSTRIES CO.

Effective: 2021-08-27
Successor: Aaron Tam
Filed: August 30, 2021, 7:59 PM ET

Mr. Tam succeeds Sally M. Cunningham, who was separated from her officer position with the Company, effective as of August 27, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Aaron Tam was appointed as Chief Financial Officer at ASCENT INDUSTRIES CO..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On August 30, 2021, the Company announced the appointment of Aaron Tam, 52, as Chief Financial Officer of Synalloy Corporation (“Synalloy” or the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Sally M. Cunningham departed as Chief Financial Officer at ASCENT INDUSTRIES CO..

Action: separated
Role: Chief Financial Officer

Exact text from the filing

Mr. Tam succeeds Sally M. Cunningham, who was separated from her officer position with the Company, effective as of August 27, 2021.

View on SEC.gov

ASCENT INDUSTRIES CO. filing history →

Source: SEC EDGAR

accession 0000095953-21-000083

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