BM Technologies appoints Ajay Asija as CFO effective April 1, 2024, succeeding James Dullinger

BM Technologies, Inc.

CFO James Dullinger leaves March 31, 2024; Ajay Asija appointed Deputy CFO now, CFO on April 1, 2024.
Asija receives 300K RSUs (50% time-based, 50% performance-based) tied to market cap and Core EBITDA targets.
CEO Sidhu and President Donahue cancel unvested performance-based RSUs from 2021; new RSUs with modified criteria.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Ajay Asija

Deputy Chief Financial Officer

BM Technologies, Inc.

Effective: 2024-02-05
Filed: February 7, 2024, 6:59 PM ET

the Company's Board of Directors (the "Board") appointed Ajay Asija to serve as Deputy Chief Financial Officer of the Company, effective as of February 5, 2024

Departed

James Dullinger

Chief Financial Officer

BM Technologies, Inc.

Effective: 2024-03-31
Successor: Ajay Asija
Filed: February 7, 2024, 6:59 PM ET

Accordingly, the Dullinger Employment Agreement expires by its terms on March 31, 2024 (the "Expiration Date") and Mr. Dullinger's employment as Chief Financial Officer of the Company will terminate as of the Expiration Date.

Appointed

Ajay Asija

Chief Financial Officer

BM Technologies, Inc.

Effective: 2024-04-01
Filed: February 7, 2024, 6:59 PM ET

thereafter as Chief Financial Officer of the Company, effective as of April 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Asija was appointed as Deputy Chief Financial Officer at BM Technologies, Inc..

Action: appointed
Role: Deputy Chief Financial Officer

Exact text from the filing

the Company's Board of Directors (the "Board") appointed Ajay Asija to serve as Deputy Chief Financial Officer of the Company, effective as of February 5, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Dullinger was terminated as Chief Financial Officer at BM Technologies, Inc..

Action: terminated
Role: Chief Financial Officer

Exact text from the filing

Accordingly, the Dullinger Employment Agreement expires by its terms on March 31, 2024 (the "Expiration Date") and Mr. Dullinger's employment as Chief Financial Officer of the Company will terminate as of the Expiration Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ajay Asija was appointed as Chief Financial Officer at BM Technologies, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

thereafter as Chief Financial Officer of the Company, effective as of April 1, 2024

View on SEC.gov

Source: SEC EDGAR

accession 0001213900-24-011151

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