IEH Corp promotes Subrata Purkayastha to permanent CFO; board adds John Spiezio

IEH Corp

Subrata Purkayastha promoted from interim to permanent CFO, effective Nov 1, 2023.
New 3-year employment agreement: $250,000 annual base salary, 25,000 stock options at $8.00.
Severance: 12 months base salary if terminated without cause or for good reason.
John Spiezio appointed to board of directors; Sonia Marciano resigned (press release dated Aug 4, 2023).

item 5.02 item 9.01

Executive movements

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Role change

Subrata Purkayastha

Chief Financial Officer

IEHC · IEH Corp

Effective: 2023-11-01
Filed: November 7, 2023, 6:59 PM ET

On October 26, 2023, the Company agreed to promote Subrata Purkayastha from interim Chief Financial Officer to permanent Chief Financial Officer and to execute a new employment agreement effective as of November 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Subrata Purkayastha changed role as Chief Financial Officer at IEH Corp.

Action: promoted
Role: Chief Financial Officer

Exact text from the filing

On October 26, 2023, the Company agreed to promote Subrata Purkayastha from interim Chief Financial Officer to permanent Chief Financial Officer and to execute a new employment agreement effective as of November 1, 2023.

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IEH Corp filing history →

Source: SEC EDGAR

accession 0001174947-23-001349

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