---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-034268"
form_type: "8-K"
ticker: "AIFC"
cik: "0000862861"
company_name: "AI Financial Corp"
filed_at: "2025-07-03T23:59:59+00:00"
generated_at: "2026-05-18T09:33:28.262673+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# ALT5 Sigma loses longtime director Richard Butler; appoints David Danziger to board

## Summary
- Richard Butler passed away June 27, 2025; served as director since 2015, chaired Audit Committee.
- David Danziger, 68, former Senior VP at MNP LLP, appointed to board effective July 2, 2025.
- Danziger will chair Audit Committee and serve on Compensation and Nominating committees.
- Danziger received 10,000 shares at $7.88 per share and monthly board fees of $1,200.
- Danziger has over 40 years experience in audit, compliance, and public company governance.

## SEC filing metadata
- accession: 0001628280-25-034268
- form_type: 8-K
- ticker: AIFC
- cik: 0000862861
- company_name: AI Financial Corp
- filed_at: 2025-07-03T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/862861/000162828025034268/0001628280-25-034268-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/862861/000162828025034268/jan-20250627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-034268
- JSON: https://secwatch.observer/filing/0001628280-25-034268.json
- Plain text: https://secwatch.observer/filing/0001628280-25-034268.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.