8-K filed November 14, 2022, 6:59 PM ET ticker SNES CIK 0001680378

leadership confidence high sentiment negative materiality 0.80

SenesTech Q3 product sales +57% YoY; appoints Joel Fruendt as CEO

SenesTech, Inc.

Product sales rose 57% YoY to ~$250k total revenue; gross margin improved to 52% from 48%.
Net loss widened to $(2.6)M from $(2.3)M; Adjusted EBITDA loss $(2.5)M.
Cash at quarter-end $2.8M.
Joel Fruendt named CEO effective Nov 15, replacing Ken Siegel (retiring as director Dec 31).
Fruendt's terms: $340k base salary, 3.5% stock option (3-yr vest), $50k RSUs.

item 1.01 item 5.02 item 2.02 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

Kenneth Siegel

Director

SNES · SenesTech, Inc.

Effective: 2022-12-31
Filed: November 14, 2022, 6:59 PM ET

and is expected to retire as a director on December 31, 2022.

Appointed

Joel Fruendt

Chief Executive Officer

SNES · SenesTech, Inc.

Effective: 2022-11-15
Filed: November 14, 2022, 6:59 PM ET

On November 14, 2022, Joel Fruendt was appointed as Chief Executive Officer of our company, effective as of November 15, 2022

Appointed

Joel Fruendt

Director

SNES · SenesTech, Inc.

Effective: 2022-11-15
Filed: November 14, 2022, 6:59 PM ET

Mr. Fruendt was also appointed as a member of our Board of Directors, effective as of the Commencement Date.

Departed

Kenneth Siegel

Chief Executive Officer

SNES · SenesTech, Inc.

Effective: 2022-11-15
Successor: Joel Fruendt
Filed: November 14, 2022, 6:59 PM ET

Mr. Siegel’s retirement as our Chief Executive Officer will be effective November 15, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Kenneth Siegel departed as Director at SenesTech, Inc..

Action: retirement
Role: Director

Exact text from the filing

and is expected to retire as a director on December 31, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joel Fruendt was appointed as Chief Executive Officer at SenesTech, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On November 14, 2022, Joel Fruendt was appointed as Chief Executive Officer of our company, effective as of November 15, 2022

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Joel Fruendt was appointed as Director at SenesTech, Inc..

Action: appointed
Role: Director

Exact text from the filing

Mr. Fruendt was also appointed as a member of our Board of Directors, effective as of the Commencement Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Kenneth Siegel departed as Chief Executive Officer at SenesTech, Inc..

Action: retirement
Role: Chief Executive Officer

Exact text from the filing

Mr. Siegel’s retirement as our Chief Executive Officer will be effective November 15, 2022.

View on SEC.gov

SenesTech, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-22-071685

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