---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-011058"
form_type: "8-K"
ticker: "CJMB"
cik: "0002032545"
company_name: "CALLAN JMB INC."
filed_at: "2025-05-15T23:59:59+00:00"
generated_at: "2026-05-21T06:08:52.550207+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Callan JMB Q1 net loss $1.2M, revenue $1.45M; CFO Appleman terminated for cause

## Summary
- Revenue $1.45M, down due to lower emergency preparedness demand; gross margin 42.5%.
- Operating loss ($1.2M) and net loss ($1.2M) for Q1 2025.
- CFO Jeffrey Appleman terminated for cause effective May 13, 2025; Shannon Badger appointed interim CFO.
- IPO completed Feb 2025, gross proceeds ~$5.7M at $4.00/share.
- Renewed Texas DSHS contract and granted second 5-year contract by Oregon Health Authority.

## SEC filing metadata
- accession: 0001641172-25-011058
- form_type: 8-K
- ticker: CJMB
- cik: 0002032545
- company_name: CALLAN JMB INC.
- filed_at: 2025-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2032545/000164117225011058/0001641172-25-011058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2032545/000164117225011058/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-011058
- JSON: https://secwatch.observer/filing/0001641172-25-011058.json
- Plain text: https://secwatch.observer/filing/0001641172-25-011058.txt

## Key facts
- Executive change
  Jeffrey A. Appleman was terminated as Chief Financial Officer at CALLAN JMB INC..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: Effective as of May 13, 2025, the Company terminated Chief Financial Officer, Jeffrey A. Appleman, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2032545/000164117225011058/0001641172-25-011058-index.htm
- Executive change
  Shannon Badger was appointed as Interim Chief Financial Officer at CALLAN JMB INC..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: On May 14, 2025, Shannon Badger, age 41, was appointed and named as the interim Chief Financial Officer of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2032545/000164117225011058/0001641172-25-011058-index.htm

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