share_log

Bakkt Holdings | 8-K: Current report

SEC announcement ·  May 4 04:37
Summary by Futu AI
On April 29, 2024, Charles Goodroe resigned as Chief Accounting Officer of Bakkt Holdings, effective May 22, 2024. The resignation was not due to any disagreement with the company. Karen Alexander, currently the Chief Financial Officer, will take over as the principal accounting officer. Additionally, Bakkt Holdings announced on May 2, 2024, a workforce reduction affecting 28 employees, about 13% of its non-call center, full-time staff. This move is part of a strategic review to align resources with business priorities. The affected employees were notified on May 2, 2024, and will leave in the second quarter of 2024. The company expects to incur $0.8 million to $1.0 million in related expenses, primarily for severance and benefits, to be recognized in the second quarter of 2024.
On April 29, 2024, Charles Goodroe resigned as Chief Accounting Officer of Bakkt Holdings, effective May 22, 2024. The resignation was not due to any disagreement with the company. Karen Alexander, currently the Chief Financial Officer, will take over as the principal accounting officer. Additionally, Bakkt Holdings announced on May 2, 2024, a workforce reduction affecting 28 employees, about 13% of its non-call center, full-time staff. This move is part of a strategic review to align resources with business priorities. The affected employees were notified on May 2, 2024, and will leave in the second quarter of 2024. The company expects to incur $0.8 million to $1.0 million in related expenses, primarily for severance and benefits, to be recognized in the second quarter of 2024.
Helpful
Not Helpful

This announcement is a separate document:

Doc 1

The information provided by Futu AI is automatically generated by third-party artificial intelligence (AI) software based on news content. It is only available to users located outside of China mainland.


The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.