Offerpad appoints Axon veteran Jawad Ahsan as CFO, effective July 10

Offerpad Solutions Inc.

Jawad Ahsan named CFO effective July 10, 2023; former CFO of Axon (market cap grew from $1B to $13B).
Outgoing CFO Michael Burnett remains in advisory role through August 1, 2023.
Ahsan receives $400k base salary, target bonus 100% of base, 136,111 RSUs, and performance-based LTIP tied to stock price.
Burnett's departure treated as non-cause termination; eligible for separation payments per his employment agreement.
Chief Legal Officer Benjamin Aronovitch granted $300k retention bonus payable June 2025.

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Michael Burnett

Chief Financial Officer

OPAD · Offerpad Solutions Inc.

Effective: 2023-07-10
Successor: Jawad Ahsan
Filed: July 6, 2023, 7:59 PM ET

Mr. Burnett is expected to remain with the Company in an advisory capacity through August 1, 2023 to assist with the transition.

Appointed

Jawad Ahsan

Chief Financial Officer

OPAD · Offerpad Solutions Inc.

Effective: 2023-07-10
Filed: July 6, 2023, 7:59 PM ET

the Board of Directors (the "Board") of Offerpad Solutions Inc. (the "Company" or "Offerpad") appointed Jawad Ahsan to succeed Michael Burnett as the Company’s Chief Financial Officer, effective July 10, 2023

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Michael Burnett was terminated as Chief Financial Officer at Offerpad Solutions Inc..

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

Mr. Burnett is expected to remain with the Company in an advisory capacity through August 1, 2023 to assist with the transition.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jawad Ahsan was appointed as Chief Financial Officer at Offerpad Solutions Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

the Board of Directors (the "Board") of Offerpad Solutions Inc. (the "Company" or "Offerpad") appointed Jawad Ahsan to succeed Michael Burnett as the Company’s Chief Financial Officer, effective July 10, 2023

View on SEC.gov

Offerpad Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-182801

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