Bloomia Holdings, Inc 8-K, filed Dec 1, 2022
Bloomia Holdings, Inc. (TULP)
About this 8-K
Bloomia Holdings, Inc filed this 8-K on December 1, 2022, reporting on events of November 25, 2022.
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
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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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 November 25, 2022, Insignia Systems, Inc. (the “Company”) increased the size of the Board of Directors (the “Board”) of the Company to a total of 7 directors and elected Mark Jundt and Daniel Philp to fill the vacancies created by the increase in the size of the Board, effective immediately. Mr. Jundt and Mr. Philp will each serve until the Company’s next annual meeting of shareholders or until their respective successor is duly elected and qualified.
Mr. Jundt has served as General Counsel and Secretary at Air T, Inc. since May 2018. Previously, he served as Principal Legal Counsel at CHS Inc. from 2012 to May 2018. Mr. Philp has served as Senior Vice President of Corporate Development at Air T, Inc since 2014. Air T, Inc. is a member of a group of shareholders that beneficially owns approximately 39.2% of the Company’s outstanding common stock. The Board has determined that each of Mr. Jundt and Mr. Philp are “independent directors” as that term is defined in the rules of the Nasdaq Stock Market.
There are no arrangements or understandings between Mr. Jundt or Mr. Philp and any other persons pursuant to which Mr. Jundt or Mr. Philp were elected as directors of the Company. Mr. Jundt and Mr. Philp’s compensation is expected to be consistent with the compensation policies applicable to the Company’s other non-employee directors.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 1, 2022 | /s/ Zackery A. Weber | |
Zackery A. Weber | ||
Vice President of Finance | ||
(principal accounting officer) |
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