---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-073235"
form_type: "8-K"
ticker: null
cik: "0001725872"
company_name: "BM Technologies, Inc."
filed_at: "2023-09-01T23:59:59+00:00"
generated_at: "2026-06-11T00:38:05.944922+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-073235
- form_type: 8-K
- cik: 0001725872
- company_name: BM Technologies, Inc.
- filed_at: 2023-09-01T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725872/000121390023073235/0001213900-23-073235-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725872/000121390023073235/ea184572-8k_bmtech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-073235
- JSON: https://secwatch.observer/filing/0001213900-23-073235.json
- Plain text: https://secwatch.observer/filing/0001213900-23-073235.txt

## Key facts
- Executive change
  Rajinder Singh resigned as Co-CEO at BM Technologies, Inc..
  - Action: resigned
  - Role: Co-CEO
  source text: On August 29, 2023, Mr. Rajinder Singh resigned from his position as Co-CEO of BM Technologies, Inc. (the “Company”) effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390023073235/0001213900-23-073235-index.htm
- Executive change
  Luvleen Sidhu changed role as Chief Executive Officer at BM Technologies, Inc..
  - Action: promoted
  - Role: Chief Executive Officer
  source text: Ms. Luvleen Sidhu, the Company’s Chief Executive Officer, will serve as the Company’s sole CEO effective with Mr. Singh’s resignation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390023073235/0001213900-23-073235-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.