---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-24-042755"
form_type: "8-K"
ticker: "DJT"
cik: "0001849635"
company_name: "Trump Media & Technology Group Corp."
filed_at: "2024-10-03T23:59:59+00:00"
generated_at: "2026-05-30T21:41:23.032316+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Trump Media COO resigns; Delaware court sets ARC conversion at 1.4911:1, largely in TMTG's favor

## Summary
- COO Andrew Northwall resigned effective Sept 28, 2024; duties will be transitioned internally.
- Delaware Chancery Court set conversion ratio at 1.4911:1 for ARC's Class B shares, rejecting ARC's 1.81:1 claim.
- Court ruled ARC failed to prove breach of fiduciary duty; 785,825 TMTG shares released to ARC, 238,692 to non-ARC holders.
- Florida lawsuit against ARC and Orlando continues; trial scheduled Aug 2025; contempt sanctions of $5,000/day imposed.
- Both parties retain right to appeal Delaware ruling within 30 days.

## SEC filing metadata
- accession: 0001140361-24-042755
- form_type: 8-K
- ticker: DJT
- cik: 0001849635
- company_name: Trump Media & Technology Group Corp.
- filed_at: 2024-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849635/000114036124042755/0001140361-24-042755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849635/000114036124042755/ef20036632_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-24-042755
- JSON: https://secwatch.observer/filing/0001140361-24-042755.json
- Plain text: https://secwatch.observer/filing/0001140361-24-042755.txt

## Key facts
- Executive change
  Andrew Northwall resigned as Chief Operating Officer at Trump Media & Technology Group Corp..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: Effective September 28, 2024, Andrew Northwall resigned as Chief Operating Officer of Trump Media & Technology Group Corp. (the “Company” or “TMTG”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849635/000114036124042755/0001140361-24-042755-index.htm

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