---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-011151"
form_type: "8-K"
ticker: null
cik: "0001725872"
company_name: "BM Technologies, Inc."
filed_at: "2024-02-07T23:59:59+00:00"
generated_at: "2026-06-06T07:07:21.392753+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-011151
- form_type: 8-K
- cik: 0001725872
- company_name: BM Technologies, Inc.
- filed_at: 2024-02-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1725872/000121390024011151/0001213900-24-011151-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1725872/000121390024011151/ea193045-8k_bmtech.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-011151
- JSON: https://secwatch.observer/filing/0001213900-24-011151.json
- Plain text: https://secwatch.observer/filing/0001213900-24-011151.txt

## Key facts
- Executive change
  Ajay Asija was appointed as Deputy Chief Financial Officer at BM Technologies, Inc..
  - Action: appointed
  - Role: Deputy Chief Financial Officer
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390024011151/0001213900-24-011151-index.htm
- Executive change
  James Dullinger was terminated as Chief Financial Officer at BM Technologies, Inc..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390024011151/0001213900-24-011151-index.htm
- Executive change
  Ajay Asija was appointed as Chief Financial Officer at BM Technologies, Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: thereafter as Chief Financial Officer of the Company, effective as of April 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1725872/000121390024011151/0001213900-24-011151-index.htm

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