---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-130799"
form_type: "8-K"
ticker: "BKKT"
cik: "0001820302"
company_name: "Bakkt, Inc."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:17:41.565866+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bakkt CAO resigns; cuts 28 jobs (13% of non-call center workforce)

## Summary
- Charles Goodroe resigns as CAO effective May 22, 2024; no disagreement with company.
- CFO Karen Alexander assumes role of principal accounting officer upon Goodroe's exit.
- Reduction in force of 28 employees (~13% of non-call center full-time staff) announced May 2.
- Estimated severance and benefits costs of $0.8M to $1.0M to be recognized in Q2 2024.
- Layoff is part of a broader strategic review to align resources with business priorities.

## SEC filing metadata
- accession: 0001193125-24-130799
- form_type: 8-K
- ticker: BKKT
- cik: 0001820302
- company_name: Bakkt, Inc.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1820302/000119312524130799/0001193125-24-130799-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1820302/000119312524130799/d824146d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-130799
- JSON: https://secwatch.observer/filing/0001193125-24-130799.json
- Plain text: https://secwatch.observer/filing/0001193125-24-130799.txt

## Key facts
- Executive change
  Karen Alexander was appointed as Principal Accounting Officer at Bakkt, Inc..
  - Action: assumed
  - Role: Principal Accounting Officer
  source text: Upon the effectiveness of Mr. Goodroe’s resignation, Karen Alexander, the Company’s Chief Financial Officer and principal financial officer, will assume the role of the Company’s principal accounting officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312524130799/0001193125-24-130799-index.htm
- Executive change
  Charles Goodroe resigned as Chief Accounting Officer at Bakkt, Inc..
  - Action: resigned
  - Role: Chief Accounting Officer
  source text: On April 29, 2024, Charles Goodroe tendered his resignation from his position as Chief Accounting Officer of Bakkt Holdings, Inc. (the “Company”), to be effective as of May 22, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1820302/000119312524130799/0001193125-24-130799-index.htm

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