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Incannex Healthcare | 8-K: Current report

SEC announcement ·  Mar 5 19:13
Summary by Futu AI
Incannex Healthcare Inc., a company listed on The Nasdaq Stock Market under the trading symbol IXHL, has announced a change in its executive team. Madhukar Bhalla, the Chief Financial Officer and Secretary, has resigned from his positions effective February 28, 2024. The company clarified that Bhalla's departure does not stem from any disagreements or irregularities within the company's operations or financial practices. Following Bhalla's resignation, the Board of Directors has appointed Joseph Swan as the new Chief Financial Officer and Secretary, effective February 29, 2024. Swan, who has been with the company since July 2023 as Treasurer and Controller, and previously served as Head of Finance for Incannex Healthcare Limited, brings a wealth of experience from his prior roles in finance and auditing. His appointment comes with an annual base salary of A$205,000, with additional performance-based incentives. Swan's contract allows for termination by either party with three months' notice or for cause by the company.
Incannex Healthcare Inc., a company listed on The Nasdaq Stock Market under the trading symbol IXHL, has announced a change in its executive team. Madhukar Bhalla, the Chief Financial Officer and Secretary, has resigned from his positions effective February 28, 2024. The company clarified that Bhalla's departure does not stem from any disagreements or irregularities within the company's operations or financial practices. Following Bhalla's resignation, the Board of Directors has appointed Joseph Swan as the new Chief Financial Officer and Secretary, effective February 29, 2024. Swan, who has been with the company since July 2023 as Treasurer and Controller, and previously served as Head of Finance for Incannex Healthcare Limited, brings a wealth of experience from his prior roles in finance and auditing. His appointment comes with an annual base salary of A$205,000, with additional performance-based incentives. Swan's contract allows for termination by either party with three months' notice or for cause by the company.
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