Summary by Futu AI
reAlpha Tech announced the immediate resignation of William B. Miller from his position as Chief Financial Officer on October 10, 2024. The company appointed Rakesh Prasad, current Vice President of Finance, as Interim CFO while conducting a search for a permanent replacement.Prasad, 35, brings over 10 years of finance and audit experience, having served the company since May 2021 in various roles including Finance Controller and VP of Finance. His previous experience includes positions at Ernst & Young LLP and founding RPHR & Company. In connection with his interim appointment, Prasad's base salary has been increased from $85,000 to $150,000 annually, effective October 11, 2024.The company also announced its 2024 annual stockholders meeting will be held on December 13, 2024, with October 23, 2024, set as the record date. Stockholder proposals under Rule 14a-8 must be submitted by October 21, 2024, for inclusion in the proxy materials.