Yoshiharu appoints Sungjoon Chae to board; BS1 Fund to provide $1.1M for 440k shares

Vestand Inc.

Sungjoon Chae appointed to board effective March 17, 2025, filling vacancy from Jay Kim's departure.
BS1 Fund, where Chae is chairman, will provide $1.1M to repay a Crom note in exchange for 440,000 shares at $2.50/share.
Chae will not serve on any board committees and receives no compensation for board service.
Chae is an architect/urban designer, CEO of Grundot, and former adjunct professor at Hongik University.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Sungjoon Chae

Director

VSTD · Vestand Inc.

Effective: 2025-03-17
Filed: March 21, 2025, 7:59 PM ET

appointed Mr. Sungjoon Chae to fill the vacancy on the Board

Departed

Jay Kim

Director

VSTD · Vestand Inc.

Effective: 2025-03-17
Successor: Sungjoon Chae
Filed: March 21, 2025, 7:59 PM ET

the departure of Mr. Jay Kim

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Sungjoon Chae was appointed as Director at Vestand Inc..

Action: appointed
Role: Director

Exact text from the filing

appointed Mr. Sungjoon Chae to fill the vacancy on the Board

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Jay Kim departed as Director at Vestand Inc..

Action: departed
Role: Director

Exact text from the filing

the departure of Mr. Jay Kim

View on SEC.gov

Vestand Inc. filing history →

Source: SEC EDGAR

accession 0001493152-25-011133

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