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    ShiftPixy Inc. filed SEC Form 8-K: Leadership Update

    10/21/24 6:12:08 PM ET
    $PIXY
    Diversified Commercial Services
    Consumer Discretionary
    Get the next $PIXY alert in real time by email
    pixy_8k.htm
    0001675634false00016756342024-10-182024-10-18iso4217:USDxbrli:sharesiso4217:USDxbrli:shares

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

    FORM 8-K

     

    CURRENT REPORT

    PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

     

    Date of Report (Date of earliest event reported): October 18, 2024

     

    SHIFTPIXY, INC.

    (Exact name of registrant as specified in its charter)

     

    Wyoming

     

    47-4211438

    (State of incorporation or organization)

     

    (I.R.S. Employer Identification No.)

     

     

     

    4101 NW 25th Street, Miami, FL

     

    33142

    (Address of principal executive offices)

     

    (Zip Code)

     

    (888) 798-9100

    (Registrant's telephone number, including area code)

     

    Commission File No. 001-37954

     

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

     

    ☐

    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

     

    Securities registered under Section 12(b) of the Act:

     

    Title of each class

     

    Trading Symbol(s)

     

    Name of each exchange on

    which registered

    Common Stock, par value $0.0001 per share

     

    PIXY

     

    The Nasdaq Stock Market LLC

     

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

     

    Emerging growth company ☐

     

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     

    Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

     

    On October 18, 2024, Patrice H. Launay resigned immediately as Chief Financial Officer of Shiftpixy, Inc. (the “Company”).

     

    On October 19, 2024, the Board of Directors of the Company (the “Board”) voted to terminate the employment of Scott W. Absher as the Company’s Chief Executive Officer, Chairman of the Board, and President, as being in the best interests of the Company and the Company’s shareholders resulting from the Board’s initial investigation into allegations involving actions of Mr. Absher. Concurrently, the Board approved the appointment of a Chief Restructuring Officer, Jonathan Feldman, effective October 21, 2024, to lead the Company’s ongoing operations.

     

    Mr. Feldman, 47, is a Partner at the law firm Phang & Feldman, P.A. with a focus on all aspects of restructuring and insolvency proceedings.

     

     

    2

     

     

    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.

     

     

    SHIFTPIXY, INC.

     

     

     

     

     

    Date: October 21, 2024

    By:

    /s/ Jonathan Feldman

     

     

     

    Jonathan Feldman

     

     

     

    Chief Restructuring Officer

     

     

     

    3

     

     

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