ALT5 Sigma appoints Peter Tassiopoulos as CEO; Tony Isaac moves to President/Chairman

AI Financial Corp

Peter Tassiopoulos appointed CEO effective Sept 16, 2024; Tony Isaac steps down as CEO but remains President and Chairman.
Base salary $420,000; eligible for annual bonus up to 100% of base salary.
Received 400,000 immediately-vesting RSUs as inducement grant; additional 800,000 RSUs to vest by Aug 26, 2025.
Tassiopoulos has 30+ years experience, completed over $1 billion in M&A and financing transactions.
Change-of-control bonus: 2-3% of aggregate cash consideration to stockholders based on deal size tiers.

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.

Role change

Tony Isaac

President and Chairman

AIFC · AI Financial Corp

Effective: 2024-09-16
Successor: Peter Tassiopoulos
Filed: August 30, 2024, 7:59 PM ET

Tony Isaac will step down as our Chief Executive Officer effective as of the Start Date. Tony will continue to serve as our President and will continue to serve as our Chairman on the Board of Directors (our “Board”).

Appointed

Peter Tassiopoulos

Chief Executive Officer

AIFC · AI Financial Corp

Effective: 2024-09-16
Filed: August 30, 2024, 7:59 PM ET

appointed Peter Tassiopoulos to serve as our Chief Executive Officer, effective September 16, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Tony Isaac changed role as President and Chairman at AI Financial Corp.

Action: step down
Role: President and Chairman

Exact text from the filing

Tony Isaac will step down as our Chief Executive Officer effective as of the Start Date. Tony will continue to serve as our President and will continue to serve as our Chairman on the Board of Directors (our “Board”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Peter Tassiopoulos was appointed as Chief Executive Officer at AI Financial Corp.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Peter Tassiopoulos to serve as our Chief Executive Officer, effective September 16, 2024

View on SEC.gov

AI Financial Corp filing history →

Source: SEC EDGAR

accession 0001628280-24-038941

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