Track Group CFO Peter Poli resigns, appointed to Board; Controller James Berg named new CFO

Track Group, Inc.

Peter Poli resigns as CFO effective March 31, 2024; will join Board of Directors on April 1, 2024.
James Berg, Controller since November 2022, appointed CFO effective April 1, 2024.
Berg's employment agreement: $190,000 base salary, annual bonus, two-year term renewable; severance of 6 months base salary if terminated without cause.
Separation agreement includes 12 months COBRA reimbursement and reaffirmation of confidentiality and non-compete covenants.
Poli's resignation not due to any dispute with the company, per the filing.

item 1.01 item 5.02 item 9.01

Executive movements

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Appointed

Peter Poli

member of the Board of Directors

TRCK · Track Group, Inc.

Effective: 2024-04-01
Filed: March 22, 2024, 7:59 PM ET

Mr. Poli will be appointed as a member of the Board of Directors of the Company, effective April 1, 2024

Appointed

James Berg

Chief Financial Officer

TRCK · Track Group, Inc.

Effective: 2024-04-01
Filed: March 22, 2024, 7:59 PM ET

James Berg, current Controller of the Company, was appointed to serve as the Chief Financial Officer of the Company beginning April 1, 2024.

Departed

Peter Poli

Chief Financial Officer

TRCK · Track Group, Inc.

Effective: 2024-03-31
Successor: James Berg
Filed: March 22, 2024, 7:59 PM ET

Peter Poli, Chief Financial Officer of Track Group, Inc. (the “ Company ”), has informed the Company of his intention to resign from his position as Chief Financial Officer of the Company, effective March 31, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Poli was appointed as member of the Board of Directors at Track Group, Inc..

Action: appointed
Role: member of the Board of Directors

Exact text from the filing

Mr. Poli will be appointed as a member of the Board of Directors of the Company, effective April 1, 2024

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James Berg was appointed as Chief Financial Officer at Track Group, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

James Berg, current Controller of the Company, was appointed to serve as the Chief Financial Officer of the Company beginning April 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Poli resigned as Chief Financial Officer at Track Group, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

Peter Poli, Chief Financial Officer of Track Group, Inc. (the “ Company ”), has informed the Company of his intention to resign from his position as Chief Financial Officer of the Company, effective March 31, 2024.

View on SEC.gov

Track Group, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-009042

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