8-K
filed November 15, 2022, 6:59 PM ET
ticker FOXO
CIK 0001812360
leadership
confidence high
sentiment negative
materiality 0.75
FOXO Technologies terminates CEO and COO; appoints new Chairman and interim CEO
FOXO TECHNOLOGIES INC.
- Jon Sabes and Steven Sabes terminated as CEO and COO effective Nov 14, 2022; Jon Sabes remains on board.
- Bret Barnes appointed Chairman of the Board; Tyler Danielson (CTO) named Interim CEO.
- Company initiated search for permanent CEO; Danielson continues as CTO.
- Mutual termination of Cantor Investor stock purchase agreement (Nov 8) and Meteora forward purchase agreement (Nov 11); Meteora retains 500,000 shares.
- Jon Sabes may be entitled to 36 months base salary severance and accelerated equity vesting; obligations under review.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Tyler Danielson was appointed as Interim Chief Executive Officer at FOXO TECHNOLOGIES INC..
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
The Board also named Tyler Danielson, who serves as the Company’s Chief Technology Officer, Interim Chief Executive Officer and principal executive officer, effectively immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Bret Barnes was appointed as Chairman of the Board at FOXO TECHNOLOGIES INC..
- Action
- appointed
- Role
- Chairman of the Board
Exact text from the filing
The Board appointed Bret Barnes, a current director of the Company, to serve as the new Chairman of the Board, effectively immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jon Sabes was terminated as Chief Executive Officer and Chairman at FOXO TECHNOLOGIES INC..
- Action
- terminated
- Role
- Chief Executive Officer and Chairman
Exact text from the filing
Jon Sabes and Steven Sabes have been terminated as the Company’s Chief Executive Officer and Chairman and Chief Operating Officer, respectively, effective as of November 14, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Steven Sabes was terminated as Chief Operating Officer at FOXO TECHNOLOGIES INC..
- Action
- terminated
- Role
- Chief Operating Officer
Exact text from the filing
Jon Sabes and Steven Sabes have been terminated as the Company’s Chief Executive Officer and Chairman and Chief Operating Officer, respectively, effective as of November 14, 2022.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FOXO TECHNOLOGIES INC. terminated Forward Share Purchase Agreement with Meteora (effective 2022-11-11).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- Meteora
- Effective
- 2022-11-11
Exact text from the filing
On November 11, 2022, the Company and Meteora mutually terminated the Forward Share Purchase Agreement, as amended by the Amendment.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FOXO TECHNOLOGIES INC. terminated Common Stock Purchase Agreement with CF Principal Investments LLC (the “Cantor Investor”) (effective 2022-11-08).
- Action
- termination
- Agreement
- equity purchase
- Counterparty
- CF Principal Investments LLC (the “Cantor Investor”)
- Effective
- 2022-11-08
Exact text from the filing
On November 8, 2022, the Company and CF Principal Investments LLC (the “Cantor Investor”) mutually terminated that certain Common Stock Purchase Agreement, dated as of February 24, 2022 (the “Purchase Agreement”), by and between the Company and the Cantor Investor.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FOXO TECHNOLOGIES INC. amended Forward Share Purchase Agreement with Meteora Special Opportunity Fund Fund I, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Capital Partners, LP (collectively, “Meteora”) (effective 2022-11-10).
- Action
- amendment
- Agreement
- equity purchase
- Counterparty
- Meteora Special Opportunity Fund Fund I, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Capital Partners, LP (collectively, “Meteora”)
- Effective
- 2022-11-10
Exact text from the filing
On November 10, 2022, FOXO Technologies Inc. (the “Company”) and Meteora Special Opportunity Fund Fund I, LP, Meteora Select Trading Opportunities Master, LP, and Meteora Capital Partners, LP (collectively, “Meteora”) amended that certain Forward Share Purchase Agreement, dated as of September 13, 2022 (the “Forward Purchase Agreement”), by and between the Company and Meteora (the “Amendment”).
View on SEC.gov
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