secwatch.observer — SEC 8-K summary
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Issuer:     ATECH (PARENT) RESOLUTION CORP. (—)
CIK:        0001584754
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001213900-24-066681
Event type: leadership
Sentiment:  negative
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Akoustis CEO Shealy resigns; Cheema named interim; three board members exit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584754/000121390024066681/0001213900-24-066681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584754/000121390024066681/ea0210541-8k_akoustis.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-066681

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer