8-K
filed February 6, 2025, 6:59 PM ET
ticker LTCH
CIK 0001826000
leadership
confidence high
sentiment neutral
materiality 0.60
Latch appoints David Lillis CEO, Jeff Mayfield CFO; interim leaders step down as restatement ends
Latch, Inc.
- David Lillis named CEO (base $500k, target bonus 50%, cash program $300k/yr); previously SVP Finance.
- Jeff Mayfield named CFO (base $300k, target 50%, cash program $200k/yr); previously Controller.
- Priyen Patel expands to Chief Strategy & Legal Officer (base $375k, target 50%, cash program $300k/yr).
- Interim CEO Jason Keyes and interim CFO Marc Landy resign as planned after completing financial restatement in Dec 2024.
- Company expects to file overdue 2023 annual report in Q1 2025; stock to trade under ticker DOOR.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Priyen Patel was appointed as Chief Strategy and Legal Officer at Latch, Inc..
- Action
- appointed
- Role
- Chief Strategy and Legal Officer
Exact text from the filing
appointed David Lillis as Chief Executive Officer, Jeff Mayfield as Chief Financial Officer and Priyen Patel as Chief Strategy and Legal Officer (collectively, the “Appointed Officers”), effective on the Announcement Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jeff Mayfield was appointed as Chief Financial Officer at Latch, Inc..
- Action
- appointed
- Role
- Chief Financial Officer
Exact text from the filing
appointed David Lillis as Chief Executive Officer, Jeff Mayfield as Chief Financial Officer and Priyen Patel as Chief Strategy and Legal Officer (collectively, the “Appointed Officers”), effective on the Announcement Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
David Lillis was appointed as Chief Executive Officer at Latch, Inc..
- Action
- appointed
- Role
- Chief Executive Officer
Exact text from the filing
appointed David Lillis as Chief Executive Officer, Jeff Mayfield as Chief Financial Officer and Priyen Patel as Chief Strategy and Legal Officer (collectively, the “Appointed Officers”), effective on the Announcement Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Jason Keyes resigned as Interim Chief Executive Officer at Latch, Inc..
- Action
- resigned
- Role
- Interim Chief Executive Officer
Exact text from the filing
On February 4, 2025, Jason Keyes, Interim Chief Executive Officer, and Marc Landy, Interim Chief Financial Officer, provided notice of their resignations from their positions with the Company effective as of the Announcement Date.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Marc Landy resigned as Interim Chief Financial Officer at Latch, Inc..
- Action
- resigned
- Role
- Interim Chief Financial Officer
Exact text from the filing
On February 4, 2025, Jason Keyes, Interim Chief Executive Officer, and Marc Landy, Interim Chief Financial Officer, provided notice of their resignations from their positions with the Company effective as of the Announcement Date.
View on SEC.gov
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