Source-grounded facts extracted from SIEBERT FINANCIAL CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Baker Tilly US, LLP resigned as auditor of SIEBERT FINANCIAL CORP.
“(the “Company”) finalized discussions with its independent registered public accounting firm, Baker Tilly US, LLP (“Baker Tilly), that it was resigning its engagement with the Company upon completion of Baker Tilly’s review of the Company’s financial”
SIEBERT FINANCIAL CORP received a nasdaq deficiency notice notice regarding late filing (rules 5250(c)(1)).
“t under Nasdaq Rules the Company has 60 calendar days to submit a plan to regain compliance and, if Nasdaq accepts the Company’s plan, Nasdaq can grant an exception of up to 180 calendar days from the due date of the 2023 Form 10-K, or until October 14, 2024, to regain compliance. Under Nasdaq Rule 5250(c)(1) the Company must timely file all required periodic financial reports with the SEC through the EDGAR System or with the Other Regulatory Authority. Annual reports filed with Nasdaq shall contain audited financial statements. As previously reported by the Company on its Notification of Late”
SIEBERT FINANCIAL CORP shareholders approved Election of seven directors to hold office until the 2024 annual meeting at the 2024-04-05 meeting.
“Proposal No. 1 - The election of the persons named below as directors to hold office until the Company’s annual meeting of shareholders to be held in 2024 and until his or her successor is duly elected and qualified or until his or her earlier resignation or removal.”
SIEBERT FINANCIAL CORP entered into Purchase Agreement with J2 Financial Technology, Inc., d/b/a "Guild" valued at three hundred eight-five thousand dollars ($385,000) (effective 2024-01-18).
“On January 18, 2024, Siebert Technologies, LLC (“STCH”), a subsidiary of Siebert Financial Corp. (the “Company”) entered into a Purchase Agreement (the “Purchase Agreement”) with J2 Financial Technology, Inc., d/b/a “Guild”, a Delaware corporation. Under the Purchase Agreement, STCH purchased a Mobile Self-Directed Trading App for the total purchase price (“Purchase Price”) of three hundred eight-five thousand dollars ($385,000), consisting of three hundred and fifty thousand dollars’ ($350,000) of the Company’s common stock (NASDAQ: SIEB), priced at the historical 30-day moving average, as of January 18, 2024, and thirty-five thousand dollars ($35,000) cash at Closing.”
SIEBERT FINANCIAL CORP received a nasdaq deficiency notice notice regarding other (rules 5620(a)).
“January 5, 2024, Siebert Financial Corp. (the “Company”) received a letter from Nasdaq Regulation, dated January 5, 2024, notifying it that because the Company has not held an annual meeting of shareholders within twelve months of the end of the Company’s fiscal year end, it no longer complies with Nasdaq’s Listing Rules (the “Rules”) for continued listing, including Listing Rules 5620(a). Under the Rules, the Company has 45 calendar days to submit a plan to regain compliance, and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the fiscal yea”
SIEBERT FINANCIAL CORP terminated Second Stock Purchase Agreement with Kakaopay (effective 2023-12-19).
“ith Kakaopay Corporation (“Kakaopay”), Kakaopay Securities Corp. (“Kakaopay Securities”), Muriel Siebert & Co., Inc. (“Muriel Siebert”) and certain Gebbia parties named therein.”
SIEBERT FINANCIAL CORP entered into Amended and Restated Stockholders’ Agreement with Kakaopay, certain stockholders listed on Schedule I thereto and John J. Gebbia (effective 2023-12-19).
“On December 19, 2023, the Company entered into an Amended and Restated Stockholders’ Agreement (the “A&R Stockholders’ Agreement”) with Kakaopay, certain stockholders listed on Schedule I thereto and John J. Gebbia (in his individual capacity and as representative of the Gebbia Stockholders (as defined therein)) to amend and restate the Original Stockholders’ Agreement.”
SIEBERT FINANCIAL CORP entered into Termination and Settlement Agreement with Kakaopay Corporation, Kakaopay Securities Corp., Muriel Siebert & Co., Inc. and certain Gebbia parties valued at $5 million (effective 2023-12-19).
“On December 19, 2023, Siebert Financial Corp. (the “Company”) entered into a Termination and Settlement Agreement (the “Settlement Agreement”) with Kakaopay Corporation (“Kakaopay”), Kakaopay Securities Corp. (“Kakaopay Securities”), Muriel Siebert & Co., Inc. (“Muriel Siebert”) and certain Gebbia parties named therein.”
SIEBERT FINANCIAL CORP reported third quarter ended September 30, 2023 results: revenue $18.1 million, net income $2.8 million, EPS $0.07.
“Siebert Financial Corp. (NASDAQ: SIEB) (“Siebert”) , a diversified provider of financial services, today reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Highlights ● Revenue of $18.1 million compared to $14.3 million in the third quarter of 2022 ● Net income available to common stockholders of $2.8 million compared to $1.1 million in the third quarter of 2022 ● Earnings per share of $0.07 compared to $0.03 in the third quarter of 2022”
SIEBERT FINANCIAL CORP entered into Share Redemption Agreement with Cynthia DiBartolo, Tigress Holdings LLC (effective 2023-07-10).
“On July 10, 2023, Siebert Financial Corp. (the “Company”) entered into a Share Redemption Agreement (the “Share Redemption Agreement”) with Cynthia DiBartolo, Tigress Holdings LLC, a Delaware limited liability company (“Tigress”), pursuant to which the Company will repurchase from Ms. DiBartolo one million (1,000,000) of its common stock held by Cynthia DiBartolo in exchange for conveying to Ms. DiBartolo the Company’s 17% interest in Tigress (the “Remaining Tigress Interest”).”
Simon Shin was appointed as Director at SIEBERT FINANCIAL CORP.
“and appointed Simon Shin to the Company’s Board of Directors.”
John J. Gebbia was appointed as Chairman of the Board and Chief Executive Officer at SIEBERT FINANCIAL CORP.
“On May 24, 2023, the Board of Directors of Siebert Financial Corp. (the “Company”) appointed John J. Gebbia as Chairman of the Board and Chief Executive Officer”
SIEBERT FINANCIAL CORP entered into Second Tranche Stock Purchase Agreement with Kakaopay Corporation valued at $2.35 per share (effective 2023-04-27).
“Concurrent with the execution of the First Tranche Stock Purchase Agreement, the Company and Kakaopay entered into a second Stock Purchase Agreement (the "Second Tranche Stock Purchase Agreement", and together with the First Tranche Stock Purchase Agreement, the "Stock Purchase Agreements"), pursuant to which the Company will issue and sell to Kakaopay an additional 25,756,470 shares of Common Stock (the "Second Tranche Shares", and such transaction, the "Second Tranche") at a per share price of Two Dollars Thirty Five Cents ($2.35)”
SIEBERT FINANCIAL CORP entered into First Tranche Stock Purchase Agreement with Kakaopay Corporation valued at $2.15 per share (effective 2023-04-27).
“On April 27, 2023, the Company entered into a Stock Purchase Agreement with Kakaopay (the "First Tranche Stock Purchase Agreement"), pursuant to which the Company will issue and sell to Kakaopay 8,075,607 shares of Common Stock (the "First Tranche Shares", and such transaction, the "First Tranche") at a per share price of Two Dollars Fifteen Cents ($2.15)”
SIEBERT FINANCIAL CORP shareholders approved Advisory vote on the frequency of advisory votes on executive compensation at the 2022-11-30 meeting.
“Proposal No. 3 - The advisory (non-binding) vote to approve on the frequency of the advisory vote on executive compensation of the persons named below. Name 3 Years 2 Years 1 Year Abstentions Andrew H. Reich 23,417,331 51,202 1,872,875 66,500”
SIEBERT FINANCIAL CORP shareholders approved Advisory vote to approve executive compensation of the named executive officers at the 2022-11-30 meeting.
“Proposal No. 2 - The advisory (non-binding) vote to approve the executive compensation of the persons named below. Name For Nominee AgainstNominee Authority Withheld From Nominee Broker Non-Votes Andrew H. Reich 23,942,648 1,460,758 4,502 —”
SIEBERT FINANCIAL CORP shareholders approved Election of directors at the 2022-11-30 meeting.
“Proposal No. 1 - The election of the persons named below as directors to hold office until the Company’s annual meeting of shareholders to be held in 2023 and until his or her successor is duly elected and qualified or until his or her earlier resignation or removal. Name For Nominee Authority Withheld From Nominee Broker Non-Votes Gloria E. Gebbia 23,962,666 1,445,242 — John J. Gebbia 23,789,727 1,618,181 — Charles A. Zabatta 23,738,596 1,669,312 — Francis V. Cuttita 23,857,223 1,550,685 — Andrew H. Reich 23,921,257 1,486,651 — Jerry M. Schneider 23,797,831 1,610,077 —”
Lisa Vioni resigned as President, RISE Prime – Capital Introduction at SIEBERT FINANCIAL CORP.
“Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.”
Lisa Vioni resigned as Director, RISE at SIEBERT FINANCIAL CORP.
“Ms. Vioni will resign from her position from the Board of Directors of RISE, as well as the President of RISE Prime – Capital Introduction, a division of RISE.”
Cynthia DiBartolo resigned as Director at SIEBERT FINANCIAL CORP.
“Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.”
Cynthia DiBartolo resigned as Chief Executive Officer, RISE Financial Services, LLC at SIEBERT FINANCIAL CORP.
“Cynthia DiBartolo, the Chief Executive Officer and controlling owner of Tigress Holdings, will resign from her position as Chief Executive Officer and board member of RISE and will not stand for re-election to the Company’s board of directors.”
Cynthia DiBartolo was appointed as Director at SIEBERT FINANCIAL CORP.
“The Company’s Board of Directors appointed Cynthia DiBartolo as a new member of the Company’s Board of Directors, effective November 16, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.