secwatch / observer
8-K filed May 2, 2023, 7:59 PM ET CIK 0001828672
other material confidence high sentiment negative materiality 0.75

Boxed, Inc.: M&A transaction — Boxed completes sale of Spresso business for $26.25M credit bid; CEO, CPO, President depart

Boxed, Inc.

item 2.01item 5.02

Executive movements

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

Departed

Veracelle Vega-Hansen

Chief People Officer
Boxed, Inc.
Effective
2023-05-01
Filed
May 2, 2023, 7:59 PM ET
In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.
Departed

Alison Weick

President of E-Commerce
Boxed, Inc.
Effective
2023-04-30
Filed
May 2, 2023, 7:59 PM ET
In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.
Departed

Chieh Huang

Chief Executive Officer
Boxed, Inc.
Effective
2023-05-01
Filed
May 2, 2023, 7:59 PM ET
In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Veracelle Vega-Hansen departed as Chief People Officer at Boxed, Inc..

Action
departed
Role
Chief People Officer
Exact text from the filing
In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Alison Weick departed as President of E-Commerce at Boxed, Inc..

Action
departed
Role
President of E-Commerce
Exact text from the filing
In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.
View on SEC.gov
Executive change SEC 8-K Item 5.02 confidence 0.95

Chieh Huang departed as Chief Executive Officer at Boxed, Inc..

Action
departed
Role
Chief Executive Officer
Exact text from the filing
In connection with the Chapter 11 Cases, the following members of the Company’s management team departed the Company: (i) Chieh Huang, Chief Executive Officer, (ii) Veracelle Vega-Hansen, Chief People Officer and (iii) Alison Weick, President of E-Commerce.
View on SEC.gov
M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Boxed, Inc. completed a disposition involving Spresso, LLC for $26,250,000 (closed 2023-05-01).

Action
disposition
Counterparty
Spresso, LLC
Consideration
$26,250,000
Closing
2023-05-01
Exact text from the filing
to Section 363(k) of the Bankruptcy Code against the aggregate amount of outstanding indebtedness of the First Lien Credit Agreement as of the closing, of an amount equal to $26,250,000. On April 27, 2023, the Bankruptcy Court entered an order approving the Private Sale. The Private Sale closed on May 1, 2023. The Company does not anticipate filing financial
View on SEC.gov

Browse all m&a transactions →

Source: SEC EDGAR
accession 0001140361-23-022470
view filing index on sec.gov
view primary document
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.