---
schema_version: "secwatch.filing_event.v1"
accession: "0000095953-21-000083"
form_type: "8-K"
ticker: "ACNT"
cik: "0000095953"
company_name: "ASCENT INDUSTRIES CO."
filed_at: "2021-08-30T23:59:59+00:00"
generated_at: "2026-06-29T07:11:21.125286+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Synalloy appoints Aaron Tam as CFO, replacing Sally Cunningham

## Summary
- 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.

## SEC filing metadata
- accession: 0000095953-21-000083
- form_type: 8-K
- ticker: ACNT
- cik: 0000095953
- company_name: ASCENT INDUSTRIES CO.
- filed_at: 2021-08-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/95953/000009595321000083/0000095953-21-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95953/000009595321000083/synl-20210824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000095953-21-000083
- JSON: https://secwatch.observer/filing/0000095953-21-000083.json
- Plain text: https://secwatch.observer/filing/0000095953-21-000083.txt

## Key facts
- Executive change
  Aaron Tam was appointed as Chief Financial Officer at ASCENT INDUSTRIES CO..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On August 30, 2021, the Company announced the appointment of Aaron Tam, 52, as Chief Financial Officer of Synalloy Corporation (“Synalloy” or the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/95953/000009595321000083/0000095953-21-000083-index.htm
- Executive change
  Sally M. Cunningham departed as Chief Financial Officer at ASCENT INDUSTRIES CO..
  - Action: separated
  - Role: Chief Financial Officer
  source text: Mr. Tam succeeds Sally M. Cunningham, who was separated from her officer position with the Company, effective as of August 27, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/95953/000009595321000083/0000095953-21-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.