Karat Packaging CFO Ann Sabahat resigns effective Oct 8; Peter Lee named interim CFO

Karat Packaging Inc.

Ann Sabahat resigned as CFO effective October 8, 2021; resignation not due to any disagreement with the company.
Peter Lee appointed interim CFO effective October 8; previously served as interim CFO from Oct 2018 to Oct 2019.
Lee will receive $15,000/month as interim CFO; his firm PJ LLP will get $20,000/month for advisory through March 2022.
Company initiated search for permanent CFO; non-employee directors approved $2,500 per board meeting compensation.

item 5.02 item 9.01

Executive movements

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Appointed (interim)

Peter Lee

Interim Chief Financial Officer

KRT · Karat Packaging Inc.

Effective: 2021-10-08
Filed: October 1, 2021, 7:59 PM ET

On October 1, 2021, the Board of Directors of the Company (the “Board”) appointed Peter Lee to serve as the Company’s Interim Chief Financial Officer (principal financial and accounting officer), effective October 8, 2021.

Departed (interim)

Ann Sabahat

Chief Financial Officer

KRT · Karat Packaging Inc.

Effective: 2021-10-08
Successor: Peter Lee
Filed: October 1, 2021, 7:59 PM ET

On September 27, 2021, Ann Sabahat notified Karat Packaging Inc. (the “Company”) of her resignation as Chief Financial Officer, effective October 8, 2021.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Lee was appointed as Interim Chief Financial Officer at Karat Packaging Inc..

Action: appointed
Role: Interim Chief Financial Officer

Exact text from the filing

On October 1, 2021, the Board of Directors of the Company (the “Board”) appointed Peter Lee to serve as the Company’s Interim Chief Financial Officer (principal financial and accounting officer), effective October 8, 2021.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ann Sabahat resigned as Chief Financial Officer at Karat Packaging Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On September 27, 2021, Ann Sabahat notified Karat Packaging Inc. (the “Company”) of her resignation as Chief Financial Officer, effective October 8, 2021.

View on SEC.gov

Karat Packaging Inc. filing history →

Source: SEC EDGAR

accession 0001104659-21-121995

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