8-K
filed September 19, 2023, 7:59 PM ET
ticker FOXO
CIK 0001812360
other material
confidence high
sentiment negative
materiality 0.90
FOXO Technologies CEO and CSO resign, new interim CEO/CFO appointed; warns of funding only through early October.
FOXO TECHNOLOGIES INC.
- Tyler Danielson resigned as Interim CEO and CTO; Brian Chen resigned as CSO; Michael Will terminated as GC, now contractor.
- Mark White appointed Interim CEO and director; Martin Ward appointed Interim CFO; both also executives at KR8 AI under evaluation for acquisition.
- Issued $643k in shares/rights to law firm MSK and $221.5k in shares to investment bank JGUN to settle past-due payables.
- Obtained $247k loan from director Andrew Poole for D&O insurance.
- Workforce reduced to 11 employees/consultants; cash runway only through early Oct 2023; may be forced to sell, restructure, or file bankruptcy.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Tyler Danielson resigned as Interim Chief Executive Officer and Chief Technology Officer at FOXO TECHNOLOGIES INC..
- Action
- resigned
- Role
- Interim Chief Executive Officer and Chief Technology Officer
Exact text from the filing
On September 13, 2023, Tyler Danielson notified the Company of his decision to resign as Interim Chief Executive Officer and Chief Technology Officer of the Company, effective as of September 14, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Mark White was appointed as Interim Chief Executive Officer at FOXO TECHNOLOGIES INC..
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
appointed Mark White to serve as Interim Chief Executive Officer of the Company, effective as of Mr. White’s entry into his employment agreement with the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Brian Chen resigned as Chief Science Officer at FOXO TECHNOLOGIES INC..
- Action
- resigned
- Role
- Chief Science Officer
Exact text from the filing
On September 14, 2023, Brian Chen resigned as Chief Science Officer of the Company, pursuant to a resignation letter, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael Will was terminated as General Counsel at FOXO TECHNOLOGIES INC..
- Action
- terminated
- Role
- General Counsel
Exact text from the filing
On September 14, 2023, the Company terminated the employment of Michael Will as General Counsel of the Company, effective as of such date, due to the Company’s current financial constraints and the need to reduce its staff.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Mark White was elected as Director at FOXO TECHNOLOGIES INC..
- Action
- elected
- Role
- Director
Exact text from the filing
the board of directors (the “Board”) of the Company (i) elected Mark White to the Board to serve as a director of the Company, effective immediately
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Martin Ward was appointed as Interim Chief Financial Officer at FOXO TECHNOLOGIES INC..
- Action
- appointed
- Role
- Interim Chief Financial Officer
Exact text from the filing
Martin Ward to serve as Interim Chief Financial Officer of the Company, effective as of Mr. Ward’s entry into his employment agreement with the Company
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
See methodology for how this pipeline works.