Co-CEO Rajinder Singh resigns effective immediately; Luvleen Sidhu becomes sole CEO

BM Technologies, Inc.

Rajinder Singh resigns as Co-CEO effective August 29, 2023, for personal reasons; no dispute with company.
Luvleen Sidhu, previously Co-CEO, becomes sole CEO; company initiates search for Singh's replacement.
Singh enters Transition Agreement to stay as non-executive employee through Dec 31, 2023, receiving base salary and benefits but no incentive bonus.
All of Singh's outstanding unvested equity grants terminated effective with resignation.

item 5.02

Executive movements

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Departed

Rajinder Singh

Co-CEO

BM Technologies, Inc.

Effective: 2023-08-29
Filed: September 1, 2023, 7:59 PM ET

On August 29, 2023, Mr. Rajinder Singh resigned from his position as Co-CEO of BM Technologies, Inc. (the “Company”) effective immediately.

Role change

Luvleen Sidhu

Chief Executive Officer

BM Technologies, Inc.

Effective: 2023-08-29
Filed: September 1, 2023, 7:59 PM ET

Ms. Luvleen Sidhu, the Company’s Chief Executive Officer, will serve as the Company’s sole CEO effective with Mr. Singh’s resignation.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Rajinder Singh resigned as Co-CEO at BM Technologies, Inc..

Action: resigned
Role: Co-CEO

Exact text from the filing

On August 29, 2023, Mr. Rajinder Singh resigned from his position as Co-CEO of BM Technologies, Inc. (the “Company”) effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Luvleen Sidhu changed role as Chief Executive Officer at BM Technologies, Inc..

Action: promoted
Role: Chief Executive Officer

Exact text from the filing

Ms. Luvleen Sidhu, the Company’s Chief Executive Officer, will serve as the Company’s sole CEO effective with Mr. Singh’s resignation.

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-23-073235

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