Onar Holding Corp 8-K, filed May 2, 2025
Onar Holding Corp (ONAR)
About this 8-K
Onar Holding Corp filed this 8-K on May 2, 2025.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On May 2, 2025, the Board of Directors (“the “Board”) of ONAR Holding Corporation (the “Company”) appointed Jon Bond to the Board, effective immediately, and increased the Board size to 2 directors. Mr. Bond is an experienced thought leader and entrepreneur in the advertising and marketing industry, with over 35 years of experience. Mr. Bond currently serves as Chief Executive Officer of BondWorld, a creator of immersive brand worlds for up and coming brands, that he founded in January 2025. Mr. Bond also co-founded The Heart Monitors, a new age data research and insights company based on creation of custom panels for brands and not for profit groups, in October 2023. Prior to that, Mr. Bond served as Chief Executive Officer of Signal Hill Acquisition Company from January 2022 to February 2024 and as the Chairman and director of SITO Mobile, Ltd. from June 2017 to June 2020. Mr. Bond has founded or served as Chief Executive Officer or Chairman of a number of other companies in the advertising and marketing industry over the course of his career, including Kirshenbaum Bond Senecal & Partners LLC (“KBP”), Big Fuel (now part of Publicis), one of the world’s largest social media agencies that serves blue chip clients, iballs, one of the first online media agencies that sold to Microsoft in the early 2000s, and Media Kitchen and Varick under the KBP umbrella. Mr. Bond serves as a director of Inuvo, Inc. Mr. Bond received a Bachelor of Arts from Washington University (St. Louis).
There is no arrangement or understanding between Mr. Bond and any other persons pursuant to which Mr. Bond was elected to serve on the Board.
Dr. Bond will be entitled to receive $12,000 per year for service as a member of the Board, paid on a quarterly basis. In addition, Mr. Bond will be reimbursed by the Company for reasonable and documented out-of-pocket expenses and will be entitled to receive an initial grant of $20,000 in restricted stock units pursuant to the Company’s omnibus incentive plan.
Mr. Bond does not have any direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K or Item 5.02(d) of Form 8-K.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: May 2, 2025 | By: | /s/ Claude Zdanow | |
| Name: | Claude Zdanow |
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| Title: | Chief Executive Officer |
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