American Virtual Cloud Technologies Inc. filed SEC Form 8-K: Changes in Control of Registrant
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Item 5.01 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 6, 2023, American Virtual Cloud Technologies, Inc. (the “Company”) notified Kevin Keough, the Company’s Chief Executive Officer, that his full-time employment with the Company would be terminated effective April 7, 2023. Mr. Keough will continue to be employed by the Company on a part-time basis, and to serve as Chief Executive Officer of the Company, at a rate of compensation of $250 per hour (less applicable withholding taxes). Mr. Keough’s duties are expected to focus on the orderly wind-down of the Company’s affairs as it continues its previously disclosed Chapter 11 bankruptcy process.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
| AMERICAN VIRTUAL CLOUD TECHNOLOGIES, INC. | ||
| By: | /s/ Kevin Keough | |
| Name: | Kevin Keough | |
| Title: | Chief Executive Officer | |
Date: April 7, 2023
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