8-K filed October 21, 2022, 7:59 PM ET ticker SIEB CIK 0000065596

other material confidence high sentiment neutral materiality 0.60

Siebert Financial exchanges 7% Tigress stake for full RISE ownership; plans sale of remaining 17% to director

SIEBERT FINANCIAL CORP

Acquires full ownership of RISE by exchanging 7% of Tigress Holdings membership interests.
Plans to sell remaining 17% stake in Tigress Holdings to director/controlling shareholder Gloria Gebbia.
Cynthia DiBartolo resigns as CEO/director of RISE and from Siebert board; resignations effective immediately.
Terminates purchase agreement with Hedge Connection; re-conveys 20% of Hedge Connection stock; Vioni resigns.
Potential material one-time charge from transactions; company assessing financial impact.

item 1.01 item 5.02 item 9.01

Executive movements

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

Departed

Cynthia DiBartolo

Chief Executive Officer, RISE Financial Services, LLC

SIEB · SIEBERT FINANCIAL CORP

Filed: October 21, 2022, 7:59 PM ET

Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.

Departed

Lisa Vioni

Director, RISE

SIEB · SIEBERT FINANCIAL CORP

Filed: October 21, 2022, 7:59 PM ET

Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.

Departed

Lisa Vioni

President, RISE Prime – Capital Introduction

SIEB · SIEBERT FINANCIAL CORP

Filed: October 21, 2022, 7:59 PM ET

Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.

Departed

Cynthia DiBartolo

Director, RISE Financial Services, LLC

SIEB · SIEBERT FINANCIAL CORP

Filed: October 21, 2022, 7:59 PM ET

Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Cynthia DiBartolo resigned as Chief Executive Officer, RISE Financial Services, LLC at SIEBERT FINANCIAL CORP.

Action: resigned
Role: Chief Executive Officer, RISE Financial Services, LLC

Exact text from the filing

Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lisa Vioni resigned as Director, RISE at SIEBERT FINANCIAL CORP.

Action: resigned
Role: Director, RISE

Exact text from the filing

Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Lisa Vioni resigned as President, RISE Prime – Capital Introduction at SIEBERT FINANCIAL CORP.

Action: resigned
Role: President, RISE Prime – Capital Introduction

Exact text from the filing

Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Cynthia DiBartolo resigned as Director at SIEBERT FINANCIAL CORP.

Action: resigned
Role: Director

Exact text from the filing

Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.

View on SEC.gov

SIEBERT FINANCIAL CORP filing history →

Source: SEC EDGAR

accession 0001213900-22-065552

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