Safeguard Scientifics sets Jan 12 for stock splits to enable going dark; names Mark Dow CEO/CFO

SAFEGUARD SCIENTIFICS INC

1-for-100 reverse split then 100-for-1 forward split effective Jan 12; trading on Nasdaq post-split Jan 16.
Shareholders with <100 shares receive $1.65/share cash for fractional shares; ≥100 shares unchanged.
Company to file Form 25 to delist from Nasdaq; then Form 15 to deregister under Exchange Act.
Mark Dow (Rock Creek) appointed CEO, CFO, Secretary effective Jan 1; prior officers Salzman and Herndon departed Dec 31.
Company plans to seek quotation on OTC Markets; no guarantee of active market.

item 8.01 item 5.02 item 7.01 item 9.01

Executive movements

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

Appointed

Mark Dow

Chief Executive Officer, Chief Financial Officer and Secretary

SFES · SAFEGUARD SCIENTIFICS INC

Effective: 2024-01-01
Filed: January 5, 2024, 6:59 PM ET

the Board appointed Mark Dow of Rock Creek as the Company’s Chief Executive Officer, Chief Financial Officer and Secretary effective as of January 1, 2024.

Departed

Herndon

Other Named Officer

SFES · SAFEGUARD SCIENTIFICS INC

Effective: 2023-12-31
Successor: Mark Dow
Filed: January 5, 2024, 6:59 PM ET

Messrs. Salzman and Herndon will no longer serve as the Company’s executive officers as of December 31, 2023

Departed

Salzman

Other Named Officer

SFES · SAFEGUARD SCIENTIFICS INC

Effective: 2023-12-31
Successor: Mark Dow
Filed: January 5, 2024, 6:59 PM ET

Messrs. Salzman and Herndon will no longer serve as the Company’s executive officers as of December 31, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Dow was appointed as Chief Executive Officer, Chief Financial Officer and Secretary at SAFEGUARD SCIENTIFICS INC.

Action: appointed
Role: Chief Executive Officer, Chief Financial Officer and Secretary

Exact text from the filing

the Board appointed Mark Dow of Rock Creek as the Company’s Chief Executive Officer, Chief Financial Officer and Secretary effective as of January 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Herndon departed as other_named_officer at SAFEGUARD SCIENTIFICS INC.

Action: no longer serve

Exact text from the filing

Messrs. Salzman and Herndon will no longer serve as the Company’s executive officers as of December 31, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Salzman departed as other_named_officer at SAFEGUARD SCIENTIFICS INC.

Action: no longer serve

Exact text from the filing

Messrs. Salzman and Herndon will no longer serve as the Company’s executive officers as of December 31, 2023

View on SEC.gov

SAFEGUARD SCIENTIFICS INC filing history →

Source: SEC EDGAR

accession 0001104659-24-001868

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