8-K
filed April 24, 2024, 7:59 PM ET
ticker AMOD
CIK 0001862463
leadership
confidence high
sentiment negative
materiality 0.70
Insight Acquisition Corp. overhauls leadership after CFO misused trust funds; Singer CEO, Worman CFO
ALPHA MODUS HOLDINGS, INC.
- Board learned CFO Jeff Gary withdrew $2.5M from trust account; $1.05M used for business expenses; sponsor repaid trust in March 2024 plus $36k interest.
- Jeff Gary resigned as director, removed from CEO/CFO roles, appointed Assistant Finance Manager effective April 21, 2024.
- Michael Singer appointed CEO; Glenn Worman hired as CFO through SeatonHill Partners, effective immediately.
- Gary agreed to reimburse company for all fees and expenses related to Worman's engagement as CFO.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeff Gary resigned as Director at ALPHA MODUS HOLDINGS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
on April 21, 2024, at the request of the Board, Jeff Gary verbally tendered his resignation as a director of the Company during a meeting of the Board held on April 21, 2024.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Michael Singer was appointed as Chief Executive Officer at ALPHA MODUS HOLDINGS, INC..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
On April 21, 2024, Michael Singer, the Executive Chairman of the Company, was appointed to the position of Chief Executive Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeff Gary was appointed as Assistant Finance Manager at ALPHA MODUS HOLDINGS, INC..
- Action
- appointed
- Role
- Assistant Finance Manager
Exact text from the filing
On April 21, 2024, Mr. Gary was appointed as an Assistant Finance Manager of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeff Gary was removed as Chief Executive Officer at ALPHA MODUS HOLDINGS, INC..
- Action
- removed
- Role
- Chief Executive Officer
Exact text from the filing
On April 21, 2024, Mr. Gary was removed as the Company’s Chief Executive Officer and Chief Financial Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Jeff Gary was removed as Chief Financial Officer at ALPHA MODUS HOLDINGS, INC..
- Action
- removed
- Role
- Chief Financial Officer
Exact text from the filing
On April 21, 2024, Mr. Gary was removed as the Company’s Chief Executive Officer and Chief Financial Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 1.0
Glenn Worman was appointed as Chief Financial Officer at ALPHA MODUS HOLDINGS, INC..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
On April 21, 2024, the Board engaged Glenn Worman, through SeatonHill Partners, LP, as the Company’s Chief Financial Officer
View on SEC.gov
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