secwatch.observer — SEC 8-K summary
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Issuer:     FOXO TECHNOLOGIES INC. (FOXO)
CIK:        0001812360
Form:       8-K
Filed at:   2025-06-13T23:59:59+00:00
Accession:  0001641172-25-015132
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FOXO forms acquisition subsidiary, issues preferred stock, appoints CEO as interim CFO after CFO death
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- Formed FOXO Acquisition Corp., a wholly-owned subsidiary for healthcare services acquisitions; plans to create publicly listed non-convertible preferred stock for funding.
- Appointed CEO Seamus Lagan as interim CFO after Martin Ward passed away on June 9, 2025; search for permanent CFO underway.
- Amended exchange agreement with Smithline Family Trust II, increasing potential rights shares from 1.31M to 5.15M post-split; $384,297 debt remains.
- Approximately $384,297 still owed to Smithline under Nov 2023 settlement; could require ~1.8M shares to settle at current price.
- The new preferred stock is intended to be non-dilutive to common stockholders and generate cash/common stock dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1812360/000164117225015132/0001641172-25-015132-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1812360/000164117225015132/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001641172-25-015132

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