TechPrecision stockholders approve reverse stock split; loan maturity extended to Dec 2022

TECHPRECISION CORP

Fourth Amendment extends Ranor Term Loan maturity from Sept 16 to Dec 15, 2022 with Berkshire Bank.
Shareholders approved reverse stock split (1:2 to 1:5) and reduced authorized shares from 90M to 50M.
Board increased from 4 to 5 directors; CEO Alexander Shen appointed as director effective Sept 15, 2022.
All four director nominees elected; Marcum LLP ratified as auditor; say-on-pay approved with one-year frequency.

item 1.01 item 5.02 item 5.07 item 9.01

Executive movements

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Appointed

Alexander Shen

Director

TPCS · TECHPRECISION CORP

Effective: 2022-09-15
Filed: September 19, 2022, 7:59 PM ET

On September 15, 2022, the Board of Directors (the “Board”) of the Company approved an increase in the size of the Board from four directors to five directors and appointed Alexander Shen to fill the newly-created directorship, effective on the same date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Alexander Shen was appointed as Director at TECHPRECISION CORP.

Action: appointed
Role: Director

Exact text from the filing

On September 15, 2022, the Board of Directors (the “Board”) of the Company approved an increase in the size of the Board from four directors to five directors and appointed Alexander Shen to fill the newly-created directorship, effective on the same date.

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TECHPRECISION CORP filing history →

Source: SEC EDGAR

accession 0001104659-22-101034

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