secwatch.observer — SEC 8-K summary
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Issuer:     INTELLINETICS, INC. (INLX)
CIK:        0001081745
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001493152-23-039141
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Intellinetics appoints Michael Taglich to board; Taglich holds ~18% stake
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- Michael Taglich appointed to Board effective Oct 27, 2023, filling a vacancy from May 2023.
- Taglich is President of Taglich Brothers, which received $200k success fee and $696,420 placement agent fees in 2022.
- Taglich Brothers also received warrants for 124,258 shares at $4.62 and extension of 131,700 warrants to March 2027.
- Taglich directly/indirectly holds 775,067 shares (18% beneficial ownership) including 66,124 underlying warrants.
- Appointment aims to support organic and inorganic growth as company transitions to SaaS revenue model.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1081745/000149315223039141/0001493152-23-039141-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1081745/000149315223039141/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039141

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