Nocopi CEO/Chairman Feinstein retires; Liebowitz succeeds effective Aug 18, 2023

NOCOPI TECHNOLOGIES INC/MD/

Feinstein steps down as CEO/Chairman effective Aug 18, 2023; remains in senior advisory role.
Michael Liebowitz appointed CEO and Chairman; director since Oct 2022 and former MSL18 Holdings Group member.
Q2 2023 revenue $599,200, up 17% YoY; net income $79,100 vs net loss of $297,000 in Q2 2022.
Q2 gross profit margin improved to 62% from 61%; product sales up 30% YoY.
Cash $5,463,200, no long-term debt; operating cash flow of $137,300 in H1 2023.

item 1.02 item 5.02

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Michael S. Liebowitz

Chief Executive Officer and Chairman of the Board

NNUP · NOCOPI TECHNOLOGIES INC/MD/

Effective: 2023-08-18
Filed: August 11, 2023, 7:59 PM ET

On August 8, 2023, Michael S. Liebowitz, age 54, was appointed by the Company’s Board of Directors to serve as the Company’s Chief Executive Officer and Chairman of the Board effective August 18, 2023.

Departed

Michael A. Feinstein

Chief Executive Officer and Director

NNUP · NOCOPI TECHNOLOGIES INC/MD/

Effective: 2023-08-18
Successor: Michael S. Liebowitz
Filed: August 11, 2023, 7:59 PM ET

On August 7, 2023, Dr. Michael A. Feinstein notified the Company’s Board of Directors that on August 18, 2023 he will tender his resignation to the Company’s Board of Directors as a director of Nocopi Technologies, Inc. (the “ Company ”) and as Chief Executive Officer and all other officer positions of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael S. Liebowitz was appointed as Chief Executive Officer and Chairman of the Board at NOCOPI TECHNOLOGIES INC/MD/.

Action: appointed
Role: Chief Executive Officer and Chairman of the Board

Exact text from the filing

On August 8, 2023, Michael S. Liebowitz, age 54, was appointed by the Company’s Board of Directors to serve as the Company’s Chief Executive Officer and Chairman of the Board effective August 18, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael A. Feinstein resigned as Chief Executive Officer and Director at NOCOPI TECHNOLOGIES INC/MD/.

Action: resigned
Role: Chief Executive Officer and Director

Exact text from the filing

On August 7, 2023, Dr. Michael A. Feinstein notified the Company’s Board of Directors that on August 18, 2023 he will tender his resignation to the Company’s Board of Directors as a director of Nocopi Technologies, Inc. (the “ Company ”) and as Chief Executive Officer and all other officer positions of the Company.

View on SEC.gov

NOCOPI TECHNOLOGIES INC/MD/ filing history →

Source: SEC EDGAR

accession 0001079973-23-001124

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