secwatch.observer — SEC 8-K summary
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Issuer:     Spire Global, Inc. (SPIR)
CIK:        0001816017
Form:       8-K
Filed at:   2023-08-16T23:59:59+00:00
Accession:  0000950170-23-043015
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire Global appoints Leo Basola as CFO effective Sep 5; reverse stock split 1-for-8 approved
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- Leo Basola named CFO, effective Sep 5, 2023; succeeds Thomas Krywe who stays as consultant through Nov 30.
- Basola previously SVP International Finance at Equifax; base salary $390k + 80% target bonus + 750k RSU grant.
- Board approved 1-for-8 reverse stock split, effective Aug 31, 2023; fractional shares cashed out or canceled.
- Outgoing CFO Krywe will receive prorated 100% target bonus for 2023, plus $4,320/month consulting fee.
- Spire expects to be free cash flow positive in Q2 or Q3 2024; Basola to lead financial oversight for growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816017/000095017023043015/0000950170-23-043015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816017/000095017023043015/spir-20230810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-043015

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