8-K
filed July 31, 2024, 7:59 PM ET
CIK 0001686850
other material
confidence high
sentiment negative
materiality 0.95
Motus GI Holdings initiates wind-down; entire board and CEO resign
Motus GI Holdings, Inc.
- Five directors and CEO Mark Pomeranz resigned effective July 31, 2024; no disagreements with board or management.
- Jeff Varsalone appointed as sole director and President to oversee wind-down of business affairs.
- Special meeting on July 25, 2024 lacked quorum (28.16% of shares represented); meeting not further adjourned.
- Board approved wind-down of company's affairs on July 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
Gary Pruden resigned as Director at Motus GI Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden resigned from the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Sonja Nelson resigned as Director at Motus GI Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden resigned from the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Timothy Moran resigned as Director at Motus GI Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden resigned from the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff Varsalone was appointed as Director at Motus GI Holdings, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Board appointed Jeff Varsalone as sole director and President of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff Varsalone was appointed as President at Motus GI Holdings, Inc..
- Action
- appointed
- Role
- President
Exact text from the filing
the Board appointed Jeff Varsalone as sole director and President of the Company
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Pomeranz resigned as Chief Executive Officer at Motus GI Holdings, Inc..
- Action
- resigned
- Role
- Chief Executive Officer
Exact text from the filing
Additionally, Mark Pomeranz resigned from his role as Chief Executive Officer of the Company.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Scott Durbin resigned as Director at Motus GI Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden resigned from the Board of Directors
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Mark Pomeranz resigned as Director at Motus GI Holdings, Inc..
- Action
- resigned
- Role
- Director
Exact text from the filing
Timothy Moran, Scott Durbin, Sonja Nelson, Mark Pomeranz and Gary Pruden resigned from the Board of Directors
View on SEC.gov
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