Janel Corp raises $600K via Series C preferred to related party; appoints new director

JANEL CORP

Sold 1,200 shares of Series C Cumulative Preferred at $500/share to Oaxaca Group LLC for $600,000 total.
Oaxaca Group LLC, which owns 47.51% of Janel's common stock, is an accredited investor; proceeds for working capital.
Appointed Karen Miller Ryan (Karen Padgett) to the Board, effective Oct 1, 2021; she will join Audit, Compensation, and Nominating committees.
Authorized Series C Preferred shares increased from 20,000 to 30,000 to accommodate the issuance.

item 1.01 item 3.02 item 5.02 item 5.03 item 9.01

Executive movements

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Appointed

Karen Miller Ryan

Director

JANL · JANEL CORP

Effective: 2021-10-01
Filed: October 5, 2021, 7:59 PM ET

On October 1, 2021, the Board of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Karen Miller Ryan, also known professionally as Karen Padgett, to the Board of Directors of the Company, effective October 1, 2021.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Karen Miller Ryan was appointed as Director at JANEL CORP.

Action: appointed
Role: Director

Exact text from the filing

On October 1, 2021, the Board of the Company, upon the recommendation of its Nominating and Corporate Governance Committee, appointed Karen Miller Ryan, also known professionally as Karen Padgett, to the Board of Directors of the Company, effective October 1, 2021.

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JANEL CORP filing history →

Source: SEC EDGAR

accession 0001140361-21-033642

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