8-K filed September 1, 2022, 7:59 PM ET ticker SWKHL CIK 0001089907

leadership confidence high sentiment neutral materiality 0.75

SWK Holdings CEO Winston Black to depart; Jody Staggs appointed President and Interim CEO

SWK Holdings Corp

CEO Winston Black to leave effective Sept 30, 2022; will serve as consultant for six months.
Jody Staggs, Managing Director, promoted to President effective Sept 1 and Interim CEO effective Sept 30.
Separation agreement includes $1.1M lump sum, six months base salary ($150,250), and other benefits.
Staggs co-founded PBS Capital, joined SWK in 2015, promoted to Managing Director in 2020.
Investment assets total ~$219M; recent closings: two $25M financings with Aziyo Biologics and MedMinder.

item 5.02 item 9.01

Executive movements

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Departed

Winston L. Black III

Director

SWKHL · SWK Holdings Corp

Effective: 2022-09-30
Filed: September 1, 2022, 7:59 PM ET

On September 1, 2022, SWK Holdings Corporation (the “Company”) announced that the Company and Winston L. Black III, Chief Executive Officer of the Company and a member of its Board of Directors have mutually agreed that Mr. Black would depart from his current positions with the Company, effective September 30, 2022 (the “Separation Date”).

Appointed (interim)

Jody Staggs

Interim Chief Executive Officer

SWKHL · SWK Holdings Corp

Effective: 2022-09-30
Filed: September 1, 2022, 7:59 PM ET

The Company’s Board of Directors has appointed Jody Staggs to be the Company’s President, effective as of September 1, 2022, and the Interim Chief Executive Officer of the Company, effective as of the Separation Date.

Departed

Winston L. Black III

Chief Executive Officer

SWKHL · SWK Holdings Corp

Effective: 2022-09-30
Successor: Jody Staggs
Filed: September 1, 2022, 7:59 PM ET

On September 1, 2022, SWK Holdings Corporation (the “Company”) announced that the Company and Winston L. Black III, Chief Executive Officer of the Company and a member of its Board of Directors have mutually agreed that Mr. Black would depart from his current positions with the Company, effective September 30, 2022 (the “Separation Date”).

Appointed

Jody Staggs

President

SWKHL · SWK Holdings Corp

Effective: 2022-09-01
Filed: September 1, 2022, 7:59 PM ET

The Company’s Board of Directors has appointed Jody Staggs to be the Company’s President, effective as of September 1, 2022, and the Interim Chief Executive Officer of the Company, effective as of the Separation Date.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Winston L. Black III departed as Director at SWK Holdings Corp.

Action: departed
Role: Director

Exact text from the filing

On September 1, 2022, SWK Holdings Corporation (the “Company”) announced that the Company and Winston L. Black III, Chief Executive Officer of the Company and a member of its Board of Directors have mutually agreed that Mr. Black would depart from his current positions with the Company, effective September 30, 2022 (the “Separation Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jody Staggs was appointed as Interim Chief Executive Officer at SWK Holdings Corp.

Action: appointed
Role: Interim Chief Executive Officer

Exact text from the filing

The Company’s Board of Directors has appointed Jody Staggs to be the Company’s President, effective as of September 1, 2022, and the Interim Chief Executive Officer of the Company, effective as of the Separation Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Winston L. Black III departed as Chief Executive Officer at SWK Holdings Corp.

Action: departed
Role: Chief Executive Officer

Exact text from the filing

On September 1, 2022, SWK Holdings Corporation (the “Company”) announced that the Company and Winston L. Black III, Chief Executive Officer of the Company and a member of its Board of Directors have mutually agreed that Mr. Black would depart from his current positions with the Company, effective September 30, 2022 (the “Separation Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jody Staggs was appointed as President at SWK Holdings Corp.

Action: appointed
Role: President

Exact text from the filing

The Company’s Board of Directors has appointed Jody Staggs to be the Company’s President, effective as of September 1, 2022, and the Interim Chief Executive Officer of the Company, effective as of the Separation Date.

View on SEC.gov

SWK Holdings Corp filing history →

Source: SEC EDGAR

accession 0001552781-22-000547

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