---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-039572"
form_type: "8-K"
ticker: null
cik: "0001643988"
company_name: "Loop Media, Inc."
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T20:19:31.340719+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Loop Media CFO departs, three directors resign, Ari Olgun named interim CFO

## Summary
- CFO Neil Watanabe departed 9/30/2024; receives $175K severance over 12 months, $198K bonus balance on 9/30/2025, and full equity vesting.
- Three directors (Niermann, Saint-Fleur, Zilka) resigned effective 9/30/2024; Niermann remains in sales and distribution role.
- Ari Olgun appointed Interim CFO effective 10/1/2024; base salary $275K (currently reduced to $230.3K).
- Board deferred FY2024 cash compensation to 9/30/2025 and eliminated FY2025 cash compensation for non-employee directors.
- Non-employee employee stock options repriced to $0.0511/share (closing price 9/27/2024) as retention incentive.

## SEC filing metadata
- accession: 0001493152-24-039572
- form_type: 8-K
- cik: 0001643988
- company_name: Loop Media, Inc.
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/0001493152-24-039572-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-039572
- JSON: https://secwatch.observer/filing/0001493152-24-039572.json
- Plain text: https://secwatch.observer/filing/0001493152-24-039572.txt

## Key facts
- Executive change
  Sonya Zilka resigned as Director at Loop Media, Inc..
  - Action: resigned
  - Role: Director
  source text: Effective September 30, 2024, each of Mr. Jon Niermann (“ Mr. Niermann ”), Mr. David Saint-Fleur (“ Mr. Saint-Fleur ”) and Ms. Sonya Zilka (“ Ms. Zilka ”) resigned from their positions as Directors of the Board of Directors of Loop Media, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/0001493152-24-039572-index.htm
- Executive change
  Ari Olgun was appointed as Interim Chief Financial Officer at Loop Media, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: Effective October 1, 2024, Mr. Ari Olgun (“ Mr. Olgun ”) was appointed to serve as Interim Chief Financial Officer (“ Interim CFO ”) to fill the vacancy created by Mr. Watanabe’s departure from the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/0001493152-24-039572-index.htm
- Executive change
  David Saint-Fleur resigned as Director at Loop Media, Inc..
  - Action: resigned
  - Role: Director
  source text: Effective September 30, 2024, each of Mr. Jon Niermann (“ Mr. Niermann ”), Mr. David Saint-Fleur (“ Mr. Saint-Fleur ”) and Ms. Sonya Zilka (“ Ms. Zilka ”) resigned from their positions as Directors of the Board of Directors of Loop Media, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/0001493152-24-039572-index.htm
- Executive change
  Neil Watanabe departed as Chief Financial Officer at Loop Media, Inc..
  - Action: departed
  - Role: Chief Financial Officer
  source text: Effective as of September 30, 2024 (the “ Departure Effective Date ”), following the expiration of his employment agreement dated September 30, 2021, Mr. Neil Watanabe (“ Mr. Watanabe ”), the Company’s Chief Financial Officer (“ CFO ”), departed from his role as CFO of the Company after three years of service to pursue other opportunities outside of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/0001493152-24-039572-index.htm
- Executive change
  Jon Niermann resigned as Director at Loop Media, Inc..
  - Action: resigned
  - Role: Director
  source text: Effective September 30, 2024, each of Mr. Jon Niermann (“ Mr. Niermann ”), Mr. David Saint-Fleur (“ Mr. Saint-Fleur ”) and Ms. Sonya Zilka (“ Ms. Zilka ”) resigned from their positions as Directors of the Board of Directors of Loop Media, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643988/000149315224039572/0001493152-24-039572-index.htm

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