---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-022483"
form_type: "8-K"
ticker: null
cik: "0001372954"
company_name: "Ameritrust Corp"
filed_at: "2024-06-04T23:59:59+00:00"
generated_at: "2026-06-01T06:29:30.292019+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Ameritrust announces CEO change and board dismissals for embezzlement and misconduct

## Summary
- Appointed Kang Seok Song as CEO effective March 15, 2024; previously Secretary and Director.
- Board dismissed two directors in Nov and Dec 2023 for embezzlement of corporate funds and negligence.
- Board reorganized March 15, 2024; appointed Sook-Rye Min as Secretary/Director and Jong-Sun Kim as Director.
- Former CEO Jong-Sun Kim (June 2023–March 2024) now serves as Director; also GM at Beespoke Capital.

## SEC filing metadata
- accession: 0001493152-24-022483
- form_type: 8-K
- cik: 0001372954
- company_name: Ameritrust Corp
- filed_at: 2024-06-04T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1372954/000149315224022483/0001493152-24-022483-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1372954/000149315224022483/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-022483
- JSON: https://secwatch.observer/filing/0001493152-24-022483.json
- Plain text: https://secwatch.observer/filing/0001493152-24-022483.txt

## Key facts
- Executive change
  Jong-Sun Kim was appointed as Director at Ameritrust Corp.
  - Action: appointed
  - Role: Director
  source text: Jong-Sun Kim has served as a Director of Ameritrust Corporation since March 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372954/000149315224022483/0001493152-24-022483-index.htm
- Executive change
  Kang Seok Song was appointed as Chief Executive Officer at Ameritrust Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Kang Seok Song has been appointed as CEO of Ameritrust Corporation effective March 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372954/000149315224022483/0001493152-24-022483-index.htm
- Executive change
  Sook-Rye Min was appointed as Secretary and Director at Ameritrust Corp.
  - Action: appointed
  - Role: Secretary and Director
  source text: Sook-Rye Min has been appointed as Secretary and Director of Ameritrust Corporation effective March 15, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1372954/000149315224022483/0001493152-24-022483-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.