Dominari Holdings Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
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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.
CFO Appointment; Resignation of Tim Ledwick as a Director
Effective as of October 1, 2025, Tim Ledwick, 67, was appointed as the Chief Financial Officer of Dominari Holdings Inc. (the “Company”). Mr. Ledwick served as the Audit Committee Chair of the Company since 2015. Most recently, he provided CFO consulting services to a Nasdaq listed public safety technology and services company (Nasdaq: WRAP). From 2011 until 2022, he was the Chief Financial Officer of SYFT, a private equity-backed company that provided software solutions and services to hospitals focused on reducing costs which was successfully sold to GHX in 2022. In addition, since 2012 he has served on the board of directors and Audit Committee Chair of Telkonet, Inc. (Nasdaq: TKOI), a smart energy management technology company. From 2007 to 2011, Mr. Ledwick provided CFO consulting services to a $150 million services firm and from 2002 through 2006, he was a member of the board of directors and Executive Vice President-CFO of Dictaphone Corporation playing a lead role in developing a business plan which revitalized the company, resulting in the successful sale of the firm delivering a seven times return to shareholders. From 2001-2002, Mr. Ledwick was brought on as CFO to lead the restructuring efforts of Lernout & Hauspie Speech Products (“L&H”), a Belgium-based Nasdaq listed speech technology company, whose market cap had at one point reached a high of $9 billion. Prior to L&H, he held CFO positions at Cross Media Marketing Corp and Cityscape Financial Corp. He began his career at Peat, Marwick, Mitchell & Co. Mr. Ledwick is a member of the Connecticut Society of Certified Public Accountants and received his BBA in Accounting from The George Washington University and his MS in Finance from Fairfield University.
He has no family relationship with any of the executive officers or directors of the Company. There are no arrangements or understandings between Mr. Ledwick and any other person pursuant to which he was appointed as an officer of the Company.
In accordance with the terms of Mr. Ledwick’s Employment Agreement with the Company, dated as of September 21, 2025 (the “Employment Agreement”), he will serve as the Company’s Chief Financial Officer for an initial term of one (1) year, which term will be automatically renewed for additional one-year periods unless either party timely delivers a non-renewal notice. Mr. Ledwick’s base salary is $350,000 per year, subject to regular annual review, payable in accordance with the standard payroll practices of the Company, and subject to all withholdings and deductions, as required by law. The Employment Agreement also provides that the Company will recommend to the board of directors that it make a grant of restricted stock to Mr. Ledwick in an amount equal to 2.0% of the Company’s outstanding common stock, with terms and conditions to be decided at the time of grant. This restricted stock award has not yet been granted. Mr. Ledwick is also entitled to an annual bonus, as determined by the Company’s board of directors in its sole discretion, provided that such annual bonus will not be less than $175,000 in the initial term. Annual bonuses and all stock-based compensation are subject to certain clawback rights as provided in the Employment Agreement.
Mr. Ledwick is also entitled to the payment or reimbursement of all reasonable out-of-pocket expenses. Pursuant to the terms of the Employment Agreement, Mr. Ledwick is also provided with all health and other benefits provided by the Company to its senior executive employees.
The Employment Agreement also provides for customary events of termination of employment and provides that in the event of termination as a result of Mr. Ledwick’s death or disability, Mr. Ledwick is entitled to severance consisting of (i) six (6) months of his then current base salary; (ii) payment on a pro-rated basis of an annual bonus for the year of termination (which shall be deemed to equal 50% of his then current base salary); (iii) any unpaid annual bonus earned for the prior year; and (iv) any other payments earned in connection with any bonus plan to which Mr. Ledwick was a participant as of the date of death or disability. In the event of termination of Mr. Ledwick’s employment (i) by Mr. Ledwick, for Good Reason (as such term is defined in the Employment Agreement), or (ii) by the Company, without Cause (as such term is defined in the Employment Agreement), then Mr. Ledwick is entitled to (i) six (6) months of his then current base salary; (ii) payment on a pro-rated basis of an annual bonus for the year of termination (which shall be deemed to equal 100% of his then current base salary); (iii) any unpaid annual bonus earned for the prior year; (iv) any other payments earned in connection with any bonus plan to which Mr. Ledwick was a participant as of the date of termination; and (v) full accelerated vesting on any equity grants held by Mr. Ledwick at his termination..
The above description of the Employment Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Employment Agreement filed herewith as Exhibit 10.1.
Tim Ledwick notified the Company of his decision to resign as a member of the board of directors of the Company, effective as of September 21, 2025. Mr. Ledwick’s resignation is not due to any disagreements with the Company on any of its operations, policies or practices.
Item 9.01. Financial Statements and Exhibits.
Set forth below is a list of Exhibits included as part of this Current Report.
| Exhibit No. | Description | |
| 10.1* | Employment Agreement, made and entered into as of September 21, 2025, by and between Dominari Holdings Inc. and Tim Ledwick | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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.
| Dated: September 22, 2025 | DOMINARI HOLDINGS INC. | |
| By: | /s/ Anthony Hayes | |
| Name: | Anthony Hayes | |
| Title: | Chief Executive Officer | |
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