Society Pass Incorporated 8-K, filed May 4, 2023
Society Pass Incorporated. (SOPAQ)
About this 8-K
Society Pass Incorporated filed this 8-K on May 4, 2023, reporting on events of May 1, 2023.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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 1, 2023, Patrick Soetanto, 51, transitioned to the role of, and was appointed as, Chief Operating Officer of Society Pass Incorporated (“SOPA”) replacing Pamela Aw-Young who resigned as Chief Operating Officer on May 1, 2023. Ms. Aw-Young will continue to work with SOPA on special projects related to acquisitions.
Mr. Soetanto has more than 20 years of experience in operations. Mr. Soetanto was the Indonesian General Manager for SOPA starting in 2022, working on multiple acquisitions of Indonesian companies by SOPA. Immediately prior to his work at SOPA, Mr. Soetanto was a director of South Pacific Viscose (“SPV”), which is part of the Lenzing Group, for seven years and became a commissioner in 2017 after serving as a director for SPV from 2010 to 2017. Mr. Soetanto’s expertise in operations was developed with SPV in the textile industry working with all Indonesian spinning mills using SPV’s fiber. While with SPV, he started a sustainable clothing brand to create awareness and use of Lenzing Group’s branded products. Further, Mr. Soetanto set up a new logistics division for SPV in 2017 which became a part of Salim group, increasing its valuation in terms of growth and expansion. Mr. Soetanto was also involved in Carbon Finance and Trading for Aretae and set up Aretae’s Indonesian subsidiary.
There are no arrangements or understandings between Mr. Soetanto and any other persons pursuant to which he was chosen as Chief Operating Officer of SOPA. There are no family relationships between Mr. Soetanto and any of the Company’s directors, executive officers or persons nominated or chosen by SOPA to become a director or executive officer. Mr. Soetanto is not a party to any current or proposed transaction with SOPA for which disclosure is required under Item 404(a) of Regulation S-K.
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SIGNATURES
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.
| Society Pass Incorporated | ||
| By: | /s/ Dennis Nguyen | |
| Name: | Dennis Nguyen | |
| Title: | Chief Executive Officer | |
| Date: May 4, 2023 | ||
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