SHF Holdings places CCO on leave, files lawsuit over $3M payment

SHF Holdings, Inc.

CCO Daniel Roda placed on paid administrative leave Oct 14, 2024 pending internal review.
CEO Sundie Seefried assumes Roda's responsibilities effective Oct 15; Roda's compensation unchanged.
Company filed declaratory judgment complaint Oct 17 in Denver court (Case No. 2024CV33187).
Lawsuit seeks resolution of $3,000,000 payment due Oct 5, 2024 under Abaca merger agreement.
Prior payments of $3M in 2022 and 2023 were made; current payment is disputed.

item 2.04 item 8.01 item 5.02

Executive movements

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Departed

Daniel Roda

Chief Credit Officer

SHFS · SHF Holdings, Inc.

Effective: 2024-10-14
Filed: October 18, 2024, 7:59 PM ET

On October 14, 2024, the independent directors of board of directors of SHF Holdings, Inc. (the “Company”) approved a paid administrative leave of absence for Daniel Roda in his position as Chief Credit Officer of the Company pending an internal review to be conducted by an independent committee of the board of directors of the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Daniel Roda departed as Chief Credit Officer at SHF Holdings, Inc..

Action: placed on paid administrative leave
Role: Chief Credit Officer

Exact text from the filing

On October 14, 2024, the independent directors of board of directors of SHF Holdings, Inc. (the “Company”) approved a paid administrative leave of absence for Daniel Roda in his position as Chief Credit Officer of the Company pending an internal review to be conducted by an independent committee of the board of directors of the Company.

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SHF Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-041495

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