CFO Michael Midgley resigns; Nathan Parker appointed effective June 13, 2022

Coda Octopus Group, Inc.

Michael Midgley steps down as CFO for personal reasons, effective June 13, 2022; will provide transitional support.
Nathan Parker appointed CFO effective June 13, 2022; previously CFO at Franklin Electric Water Treatment and RDI Group.
Parker's compensation: $230,000 base salary, $50,000 in stock options (3-year vest), $20,000 sign-on bonus.
Severance provisions: 1 month salary if terminated in year 1; 3 months in year 2; 6 months in year 3.

item 5.02 item 9.01

Executive movements

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Appointed

Nathan Parker

Chief Financial Officer

CODA · Coda Octopus Group, Inc.

Effective: 2022-06-13
Filed: May 31, 2022, 7:59 PM ET

On May 24, 2022, Coda Octopus Group, Inc. (the “Company”) appointed Nathan Parker to be the Company’s Chief Financial Officer effective as June 13, 2022 (the “Effective Date”).

Departed

Michael Midgley

Chief Financial Officer

CODA · Coda Octopus Group, Inc.

Effective: 2022-06-13
Successor: Nathan Parker
Filed: May 31, 2022, 7:59 PM ET

Michael Midgley, Chief Financial Officer of Coda Octopus Group, Inc. (the “Company”), has notified the Company that he will be stepping down from his positions with the Company for personal reasons, effective June 13, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Nathan Parker was appointed as Chief Financial Officer at Coda Octopus Group, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On May 24, 2022, Coda Octopus Group, Inc. (the “Company”) appointed Nathan Parker to be the Company’s Chief Financial Officer effective as June 13, 2022 (the “Effective Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Midgley departed as Chief Financial Officer at Coda Octopus Group, Inc..

Action: stepping down
Role: Chief Financial Officer

Exact text from the filing

Michael Midgley, Chief Financial Officer of Coda Octopus Group, Inc. (the “Company”), has notified the Company that he will be stepping down from his positions with the Company for personal reasons, effective June 13, 2022.

View on SEC.gov

Coda Octopus Group, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-015410

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