8-K
filed March 7, 2024, 6:59 PM ET
CIK 0000807707
other material
confidence high
sentiment neutral
materiality 0.75
VOXX majority-owned EyeLock forms biometrics JV BioCenturion; Kahli steps down as President
VOXX International Corp
- Joint venture with GalvanEyes Partners LLC to form BioCenturion; GalvanEyes manages day-to-day ops and funds working capital for two years.
- First $45M from a capital event distributed ~77% to EyeLock (VOXX) and ~23% to GalvanEyes; remainder split 50/50.
- Beat Kahli steps down as President of VOXX, becomes Chairman/CEO of BioCenturion; remains co-Vice Chairman of VOXX board.
- Loriann Shelton assumes CFO role (effective March 1) replacing Michael Stoehr, who becomes SVP/Treasurer and leaves board.
- VOXX retains $70M note from EyeLock; biometrics segment has incurred losses and expected to continue near-term.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles M. Stoehr changed role as Senior Vice President and Treasurer at VOXX International Corp.
- Action
- transitioned
- Role
- Senior Vice President and Treasurer
Exact text from the filing
Also, as previously reported in the October Form 8-K, effective March 1, 2024, Mr. Charles M. Stoehr has transitioned to the role of Senior Vice President and Treasurer, has resigned from the Board of Directors and will not be standing for re-election as a director at the Company’s Fiscal 2024 Annual Meeting of Shareholders.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Beat Kahli changed role as President at VOXX International Corp.
- Action
- stepped down
- Role
- President
Exact text from the filing
Mr. Beat Kahli, effective March 1, 2024, has stepped down as President of the Company, but will continue to serve as Co-Vice Chairman of the Company’s Board of Directors.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Loriann Shelton was appointed as Chief Financial Officer at VOXX International Corp.
- Action
- assumed
- Role
- Chief Financial Officer
Exact text from the filing
As previously reported in the Company’s Form 8-K filed on October 4, 2023 (the “October Form 8-K”), Ms. Loriann Shelton assumed the role of Chief Financial Officer of the Company, in addition to her role of Senior Vice President/Chief Operating Officer, effective March 1, 2024, for a one-year term through February 28, 2025.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Charles M. Stoehr resigned as Director at VOXX International Corp.
- Action
- resigned
- Role
- Director
Exact text from the filing
Also, as previously reported in the October Form 8-K, effective March 1, 2024, Mr. Charles M. Stoehr has transitioned to the role of Senior Vice President and Treasurer, has resigned from the Board of Directors and will not be standing for re-election as a director at the Company’s Fiscal 2024 Annual Meeting of Shareholders.
View on SEC.gov
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