8-K
filed August 8, 2024, 7:59 PM ET
CIK 0001584754
leadership
confidence high
sentiment negative
materiality 0.75
Akoustis CEO Shealy resigns; Cheema named interim; three board members exit
ATECH (PARENT) RESOLUTION CORP.
- CEO Jeff Shealy resigned effective Aug 6, 2024; receives $400k cash severance.
- Kamran Cheema appointed interim CEO; salary $408,256, target bonus $335k.
- Three directors resigned Aug 2-7: Petock, Rudy, McMahon; no disagreements cited.
- New directors Jill Frizzley and Matthew Kahn appointed Aug 7; each gets $30k/month.
- CFO Kenneth Boller now eligible for $160k target bonus under CMPP.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey B. Shealy resigned as Chief Executive Officer at ATECH (PARENT) RESOLUTION CORP..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
On August 6, 2024, Akoustis Technologies, Inc. (the “Company”) and Jeffrey B. Shealy mutually agreed on Mr. Shealy’s resignation as the Company’s Chief Executive Officer and as a member of the Board of Directors (the “Board”) effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kamran Cheema was appointed as Interim Chief Executive Officer at ATECH (PARENT) RESOLUTION CORP..
- Action
- appointed
- Role
- Interim Chief Executive Officer
Exact text from the filing
On August 8, 2024, the Company announced Mr. Shealy’s resignation and the appointment of Kamran Cheema, age 51, as Interim Chief Executive Officer.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jill Frizzley was appointed as Member of the Board of Directors at ATECH (PARENT) RESOLUTION CORP..
- Action
- appointed
- Role
- Member of the Board of Directors
Exact text from the filing
On August 7, 2024, the Board appointed Jill Frizzley and Matthew Kahn to the Company’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey B. Shealy resigned as Member of the Board of Directors at ATECH (PARENT) RESOLUTION CORP..
- Action
- resigned
- Role
- Member of the Board of Directors
Exact text from the filing
On August 6, 2024, Akoustis Technologies, Inc. (the “Company”) and Jeffrey B. Shealy mutually agreed on Mr. Shealy’s resignation as the Company’s Chief Executive Officer and as a member of the Board of Directors (the “Board”) effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Suzanne Rudy resigned as Member of the Board of Directors at ATECH (PARENT) RESOLUTION CORP..
- Action
- resigned
- Role
- Member of the Board of Directors
Exact text from the filing
On August 7, 2024, Suzanne Rudy informed the Company that she was resigning from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Michelle Petock resigned as Member of the Board of Directors at ATECH (PARENT) RESOLUTION CORP..
- Action
- resigned
- Role
- Member of the Board of Directors
Exact text from the filing
On August 2, 2024, Michelle Petock informed the Company that she was resigning from the Board, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Matthew Kahn was appointed as Member of the Board of Directors at ATECH (PARENT) RESOLUTION CORP..
- Action
- appointed
- Role
- Member of the Board of Directors
Exact text from the filing
On August 7, 2024, the Board appointed Jill Frizzley and Matthew Kahn to the Company’s Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeffrey McMahon resigned as Member of the Board of Directors at ATECH (PARENT) RESOLUTION CORP..
- Action
- resigned
- Role
- Member of the Board of Directors
Exact text from the filing
On August 7, 2024, Jeffrey McMahon informed the Company that he was resigning from the Board, effective immediately.
View on SEC.gov
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