secwatch.observer — SEC 8-K summary
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Issuer:     FIREFLY NEUROSCIENCE, INC. (AIFF)
CIK:        0000803578
Form:       8-K
Filed at:   2021-08-30T23:59:59+00:00
Accession:  0001437749-21-021146
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Information Analysis names G. James Benoit as CEO, sells 1.4M shares at $2.00
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- Benoit appointed CEO Aug 26, 2021; base salary $60K, bonus up to 100%, 30K options initially and at least 1M options under new plan.
- Stanley Reese resigns as CEO but remains President and board member.
- Unregistered sale of 1,400,000 shares at $2.00/share under Rule 506(b); each share includes warrant for one share at $3.00 expiring Aug 31, 2026.
- Bylaws amended to increase maximum directors from 7 to 9.
- Benoit previously led FedData to ~$500M revenue and sold with >80% IRR.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803578/000143774921021146/0001437749-21-021146-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803578/000143774921021146/iaic20210829_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-021146

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