Earlier roles on record: CEO and Board Member at Bakkt, Inc. (BKKT) until March 25, 2024. Bakkt, Inc. reported in an 8-K filed March 19, 2024 that Gavin Michael resigned as all positions with the Company Group, including, but not limited to, as an officer, director, manager or trustee of all entities, effective March 25, 2024. Bakkt, Inc. reported in an 8-K filed March 19, 2024 that Gavin Michael resigned as director, effective March 25, 2024. Bakkt, Inc. reported in an 8-K filed March 19, 2024 that Gavin Michael resigned as President, Chief Executive Officer, effective March 25, 2024. The proxy statement of Bakkt, Inc. reports total compensation of $3,852,381 for Gavin Michael in fiscal 2024, including a base salary of $157,247. Disclosed compensation is on record for 4 fiscal years. Gavin Michael has spoken on 7 earnings calls across 1 company, most recently for Bakkt, Inc. on November 14, 2023. The companies whose calls Gavin Michael spoke on are classified in the Technology sector.
“Executive acknowledges and agrees and confirms that effective as of the Separation Date, by execution of this Agreement or otherwise, Executive has irrevocably resigned from (i) all positions with the Company Group, including, but not limited to, as an officer, director, manager or trustee of all entities within the Company Group, including as a member of the Board of Directors of the Company, and (ii) all boards to which Executive was appointed or nominated on behalf of any entity within the Company Group and, in accordance therewith, from any and all board positions and committees within the Company Group including as an officer, director, or trustee.”
Bakkt, Inc. Form 8-K, filed March 19, 2024
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“On March 18, 2024, the Company entered into a release agreement (the "Release Agreement") with Mr. Michael, providing, among other things, for Mr. Michael's resignation as President, Chief Executive Officer, as an employee of the Company and as a director, effective as of end of day on March 25, 2024 (the "Separation Date").”
Bakkt, Inc. Form 8-K, filed March 19, 2024
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Gavin Michael on recent calls
“Earlier this year, we communicated our plan to simplify our business and allocate our capital towards areas of the business with strong product-market fit, scalability, and a clear path to profitability.”
“We're making meaningful progress executing on the key priorities we set out at the beginning of the year. We expanded our crypto platform through the acquisition and integration of Apex Crypto while activating and broadening our client network, and we've been prudent with capital allocation.”
“Our differentiated platform is positioned to win in this environment. Through the combination of our premier, secure custody solution and Apex Crypto's advanced trading capabilities, we are poised to be the crypto infrastructure provider of choice.”
