---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-022127"
form_type: "8-K"
ticker: "CRMZ"
cik: "0000315958"
company_name: "CREDITRISKMONITOR COM INC"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:30:42.564051+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# CreditRiskMonitor appoints Michael Flum as CEO; Jerry Flum becomes Executive Chairman

## Summary
- Michael Flum appointed CEO and President effective May 1, 2023; previously COO and President.
- Jerry Flum steps down as CEO after 24 years but remains Executive Chairman and stands for re-election.
- Michael Flum's salary increased from $193,000 to $205,000; granted options for 50,000 shares with 10-year term.
- Michael Flum is son of Jerry Flum and brother of Director Joshua Flum; holds MBA from Columbia.

## SEC filing metadata
- accession: 0001140361-23-022127
- form_type: 8-K
- ticker: CRMZ
- cik: 0000315958
- company_name: CREDITRISKMONITOR COM INC
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315958/000114036123022127/0001140361-23-022127-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315958/000114036123022127/brhc20052301_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-022127
- JSON: https://secwatch.observer/filing/0001140361-23-022127.json
- Plain text: https://secwatch.observer/filing/0001140361-23-022127.txt

## Key facts
- Executive change
  Michael Flum was appointed as Chief Executive Officer and President at CREDITRISKMONITOR COM INC.
  - Action: appointed
  - Role: Chief Executive Officer and President
  source text: Effective May 1, 2023, the Company’s Board of Directors appointed Michael Flum, age 36, to serve as Chief Executive Officer and President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/315958/000114036123022127/0001140361-23-022127-index.htm
- Executive change
  Jerome S. Flum changed role as Executive Chairman at CREDITRISKMONITOR COM INC.
  - Action: stepping back
  - Role: Executive Chairman
  source text: Jerome S. Flum, who has served as the Company’s Chief Executive Officer since 1999, has notified the Company that he is stepping back from this position and the day-today management of the Company effective May 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/315958/000114036123022127/0001140361-23-022127-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.