QT Imaging terminates CEO John Klock, appoints Raluca Dinu as Acting CEO and Stas Budagov as CFO

QT IMAGING HOLDINGS, INC.

Dr. John C. Klock terminated as CEO effective March 12, 2024; remains on board as advisor.
Dr. Raluca Dinu appointed Acting CEO for up to one year; base salary $470,000/yr, target bonus 65% of base, 550,000 shares equity.
Anastas Budagov ratified as CFO; base salary $380,000/yr, sign-on bonus $63,333, 325,000 shares equity (one-third vest Feb 2025).
Dinu is married to Chairman Dr. Avi Katz; both have prior public-company and M&A experience.
Press release issued March 18, 2024, confirming appointments; no change to financial guidance.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Dr. John C. Klock

Chief Executive Officer

QTI · QT IMAGING HOLDINGS, INC.

Effective: 2024-03-12
Successor: Dr. Raluca Dinu
Filed: March 18, 2024, 7:59 PM ET

On March 12, 2024, the board of directors (the “ Board ”) of QT Imaging Holdings, Inc. (the “ Company ”) terminated Dr. John C. Klock from his position as Chief Executive Officer effective as of March 12, 2024.

Appointed (interim)

Dr. Raluca Dinu

Acting Chief Executive Officer

QTI · QT IMAGING HOLDINGS, INC.

Effective: 2024-03-12
Filed: March 18, 2024, 7:59 PM ET

On March 12, 2024, the Board appointed Dr. Raluca Dinu, who is also a member of the Board, to be employed as its Acting Chief Executive Officer effective as of March 12, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. John C. Klock was terminated as Chief Executive Officer at QT IMAGING HOLDINGS, INC..

Action: terminated
Role: Chief Executive Officer

Exact text from the filing

On March 12, 2024, the board of directors (the “ Board ”) of QT Imaging Holdings, Inc. (the “ Company ”) terminated Dr. John C. Klock from his position as Chief Executive Officer effective as of March 12, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dr. Raluca Dinu was appointed as Acting Chief Executive Officer at QT IMAGING HOLDINGS, INC..

Action: appointed
Role: Acting Chief Executive Officer

Exact text from the filing

On March 12, 2024, the Board appointed Dr. Raluca Dinu, who is also a member of the Board, to be employed as its Acting Chief Executive Officer effective as of March 12, 2024.

View on SEC.gov

QT IMAGING HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-070218

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