secwatch.observer — SEC 8-K summary
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Issuer:     Castellum, Inc. (CTM)
CIK:        0001877939
Form:       8-K
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001575872-23-000853
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Castellum outlines $6M annual expense reduction plan; CRO Buckhout resigns
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- CRO Laurie M. Buckhout resigned effective May 23, 2023; no replacement announced.
- Chair Bernard Champoux announced a program to cut $6M in annual cash and non-cash costs.
- Goal: achieve solidly cash operating profit positive without sacrificing growth strategy.
- Company will continue pursuing accretive acquisitions and upgrading business development teams.
- All seven director nominees elected at annual meeting; RSM US LLP ratified as auditor.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1877939/000157587223000853/0001575872-23-000853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1877939/000157587223000853/ctm-20230524.htm
  HTML page:      https://secwatch.observer/filing/0001575872-23-000853

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer