Shiftpixy ousts CEO Scott Absher amid allegations; CFO resigns; appoints Chief Restructuring Officer

ShiftPixy, Inc.

CFO Patrice Launay resigned immediately on Oct 18, 2024; CEO Scott Absher terminated as CEO, Chairman, and President on Oct 19, 2024.
Board cites initial investigation into allegations involving Mr. Absher as reason for termination; no further details provided.
Jonathan Feldman appointed Chief Restructuring Officer effective Oct 21; Feldman is a partner at Phang & Feldman, P.A. specializing in restructuring.
Feldman will lead ongoing operations; no permanent CEO or CFO named in the filing.

item 5.02

Executive movements

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

Departed

Patrice H. Launay

Chief Financial Officer

ShiftPixy, Inc.

Effective: 2024-10-18
Filed: October 22, 2024, 7:59 PM ET

On October 18, 2024, Patrice H. Launay resigned immediately as Chief Financial Officer of ShiftPixy, Inc. (the “Company”).

Departed

Scott W. Absher

Chief Executive Officer, Chairman of the Board, and President

ShiftPixy, Inc.

Effective: 2024-10-19
Filed: October 22, 2024, 7:59 PM ET

On October 19, 2024, the Board of Directors of the Company (the “Board”) voted to terminate the employment of Scott W. Absher as the Company’s Chief Executive Officer, Chairman of the Board, and President, as being in the best interests of the Company and the Company’s shareholders resulting from the Board’s initial investigation into allegations involving actions of Mr. Absher.

Appointed

Jonathan Feldman

Chief Restructuring Officer

ShiftPixy, Inc.

Effective: 2024-10-21
Filed: October 22, 2024, 7:59 PM ET

Concurrently, the Board approved the appointment of a Chief Restructuring Officer, Jonathan Feldman, effective October 21, 2024, to lead the Company’s ongoing operations.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Patrice H. Launay resigned as Chief Financial Officer at ShiftPixy, Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On October 18, 2024, Patrice H. Launay resigned immediately as Chief Financial Officer of ShiftPixy, Inc. (the “Company”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott W. Absher was terminated as Chief Executive Officer, Chairman of the Board, and President at ShiftPixy, Inc..

Action: terminated
Role: Chief Executive Officer, Chairman of the Board, and President

Exact text from the filing

On October 19, 2024, the Board of Directors of the Company (the “Board”) voted to terminate the employment of Scott W. Absher as the Company’s Chief Executive Officer, Chairman of the Board, and President, as being in the best interests of the Company and the Company’s shareholders resulting from the Board’s initial investigation into allegations involving actions of Mr. Absher.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Feldman was appointed as Chief Restructuring Officer at ShiftPixy, Inc..

Action: appointed
Role: Chief Restructuring Officer

Exact text from the filing

Concurrently, the Board approved the appointment of a Chief Restructuring Officer, Jonathan Feldman, effective October 21, 2024, to lead the Company’s ongoing operations.

View on SEC.gov

Source: SEC EDGAR

accession 0001477932-24-006603

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