secwatch.observer — SEC 8-K summary
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Issuer:     ID Auto, Inc. (—)
CIK:        0001698113
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001213900-23-083561
Event type: leadership
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PARTS iD appoints Arkady Goldinstein as interim CFO, effective Nov 1, 2023
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- Interim CFO Arkady Goldinstein appointed effective Nov 1, 2023; also assumes duties of Principal Financial and Accounting Officer.
- Engagement with SRV Partners: $50,000/month fee plus $50,000 retainer; expenses reimbursed.
- Goldinstein is founder/managing director of SRV Partners; prior experience at Alvarez & Marsal and Weil Gotshal.
- Agreement includes provisions for potential Chapter 11 filing; retainer increases to $175,000 if bankruptcy.
- Engagement may be terminated without cause by either party; additional personnel may be added with approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1698113/000121390023083561/0001213900-23-083561-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1698113/000121390023083561/ea187692-8k_partsid.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-083561

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