XTI Aerospace appoints Tensie Axton to board, regains Nasdaq compliance

XTI Aerospace, Inc.

Tensie Axton appointed to Board of Directors as Class III director, effective May 13, 2024, filling vacancy from Leonard Oppenheim's resignation.
Axton will serve as Chair of Nominating & Corporate Governance Committee and as member of Audit and Compensation Committees.
Appointment resolves Nasdaq deficiency; company regained compliance with Listing Rules 5605(b)(1) and 5605(c)(2) as of May 15, 2024.
Board adopted Non-Employee Director Compensation Policy on May 1, 2024; annual cash retainers up to $50,000 and stock option grants.

item 5.02 item 8.01 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Leonard Oppenheim

Director

XTIA · XTI Aerospace, Inc.

Successor: Tensie Axton
Filed: May 15, 2024, 7:59 PM ET

Ms. Axton’s appointment fills the vacancy created by the resignation of Leonard Oppenheim.

Appointed

Tensie Axton

Class III director

XTIA · XTI Aerospace, Inc.

Effective: 2024-05-13
Filed: May 15, 2024, 7:59 PM ET

Effective as of May 13, 2024, the Board of Directors (the “Board”) of XTI Aerospace, Inc. (the “Company”) appointed Tensie Axton to the Board as a Class III director

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Leonard Oppenheim resigned as Director at XTI Aerospace, Inc..

Action: resigned
Role: Director

Exact text from the filing

Ms. Axton’s appointment fills the vacancy created by the resignation of Leonard Oppenheim.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Tensie Axton was appointed as Class III director at XTI Aerospace, Inc..

Action: appointed
Role: Class III director

Exact text from the filing

Effective as of May 13, 2024, the Board of Directors (the “Board”) of XTI Aerospace, Inc. (the “Company”) appointed Tensie Axton to the Board as a Class III director

View on SEC.gov

XTI Aerospace, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-043656

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