The Joint Corp. appoints Jeff Gramm to board, enters standstill with Bandera Partners (26.69% holder)

JOINT Corp

Gramm (Bandera portfolio manager) appointed to board effective Jan 2, 2024; will stand for election at 2024 annual meeting.
Bandera owns ~3.94M shares (26.69% of outstanding); standstill limits ownership and includes voting commitments.
Standstill runs through earlier of Jan 2, 2025 or 30 days before 2025 annual meeting nomination deadline.
Board size remains at seven; Gramm fills a vacated seat.

item 1.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Jeff Gramm

Director

JYNT · JOINT Corp

Effective: 2024-01-02
Filed: November 8, 2023, 6:59 PM ET

the Board agreed to appoint Mr. Gramm to the Board effective as of January 2, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Jeff Gramm was appointed as Director at JOINT Corp.

Action: appointed
Role: Director

Exact text from the filing

the Board agreed to appoint Mr. Gramm to the Board effective as of January 2, 2024

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

JOINT Corp entered into Nomination and Standstill Agreement with Bandera Partners LLC and certain of its affiliates valued at appointment of Jefferson Gramm as director effective January 2, 2024; inclusion in slate for 2024 an (effective 2023-11-06).

Action: entry
Counterparty: Bandera Partners LLC and certain of its affiliates
Value: appointment of Jefferson Gramm as director effective January 2, 2024; inclusion in slate for 2024 an
Effective: 2023-11-06

Exact text from the filing

On November 6, 2023, The Joint Corp. (the “ Company ”) entered into a Nomination and Standstill Agreement (the “ Nomination and Standstill Agreement ”) with Bandera Partners LLC and certain of its affiliates (collectively, “ Bandera ”) regarding the membership and composition of the Company’s board of directors (the “ Board ”) and related matters.

View on SEC.gov

281 material agreements filed in the last 30 days. Browse all material agreements →

JOINT Corp filing history →

Source: SEC EDGAR

accession 0001628280-23-037571

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