Karat Packaging COO Joanne Wang to retire Dec 1; Daniel Quire appointed Chief Revenue Officer

Karat Packaging Inc.

Joanne Wang to retire as COO effective Dec 1, 2023; also resigned from board Aug 30, 2023.
Separation agreement provides $126,000 cash severance, COBRA premiums for 13 months, accelerated vesting of 16,667 stock options.
Daniel Quire, former VP Sales, named new Chief Revenue Officer effective Aug 31, 2023; role is newly created.
Operational duties will be divided among team members focusing on Texas manufacturing and distribution centers.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Joanne Wang

Chief Operating Officer

KRT · Karat Packaging Inc.

Effective: 2023-12-01
Filed: August 31, 2023, 7:59 PM ET

On August 30, 2023, Joanne Wang notified Karat Packaging Inc. (the “Company”) of her retirement as Chief Operating Officer of the Company, effective December 1, 2023.

Departed

Joanne Wang

Director

KRT · Karat Packaging Inc.

Effective: 2023-08-30
Filed: August 31, 2023, 7:59 PM ET

Also, effective August 30, 2023, Ms. Wang relinquished her seat on 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

Joanne Wang retired as Chief Operating Officer at Karat Packaging Inc..

Action: retired
Role: Chief Operating Officer

Exact text from the filing

On August 30, 2023, Joanne Wang notified Karat Packaging Inc. (the “Company”) of her retirement as Chief Operating Officer of the Company, effective December 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joanne Wang departed as Director at Karat Packaging Inc..

Action: relinquished
Role: Director

Exact text from the filing

Also, effective August 30, 2023, Ms. Wang relinquished her seat on the Company’s board of directors.

View on SEC.gov

Karat Packaging Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-072853

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