false 0001546296 0001546296 2024-05-15 2024-05-15
 
 
 
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): May 15, 2024
 
PROFESSIONAL DIVERSITY NETWORK, INC.
(Exact name of registrant as specified in its charter)
 
Delaware
  
001-35824
  
80-0900177
(State or other jurisdiction
  
(Commission
  
(I.R.S. Employer
of incorporation)
  
File Number)
  
Identification No.)
 
55 E. Monroe Street, Suite 2120, Chicago, Illinois 60603
(Address of principal executive offices)
 
Registrant’s telephone number, including area code: (312) 614-0950
 
N/A
(Former name or former address, if changed since last report)
 
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 pursuant to Section 12(b) of the Act:
 
Title of each class
  
Trading Symbol(s)
  
Name of each exchange on which registered
Common Stock, $.01 par value
  
IPDN
  
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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
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 Arrangement of Certain Officers
 
            On May 15, 2024, Larry Aichler ceased to be the Chief Financial Officer of Professional Diversity Network, Inc. (the “Company”) by mutual agreement effective immediately.
 
On May 20, 2024, the Board of Directors of the Company appointed Megan Bozzuto as interim Chief Financial Officer of the Company, pending the outcome of the Company’s search for a permanent successor. Ms. Bozzuto, age 45, was the Company’s Chief Marketing Officer, a position she had held since April 2023. Previous to that, Ms. Bozzuto held various positions at the International Association of Women (IAW) since 2017 and she remains the President of the Company’s IAW segment. Ms. Bozzuto has over two decades of experience in accounting, finance, and marketing, having worked in public companies and as an entrepreneur. She holds a Bachelor of Science degree in Accounting Information Systems from Bentley University.
 
                In connection with her appointment as interim Chief Financial Officer, Ms. Bozzuto’s salary will be increased to $132,000 per year and she received a stock grant valued at $20,000.
 
There are no arrangements or understandings between Ms. Bozzuto and any other person pursuant to which she was selected as interim Chief Financial Officer. There are no family relationships between Ms. Bozzuto and any director or executive officer of the Company. Since the beginning of the Company’s last fiscal year, other than through her normal compensation arrangements, the Company has not entered into any transactions with Ms. Bozzuto that are reportable pursuant to Item 404(a) of Regulation S-K.
 
 
 
 
 
 
 
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.
 
 
Professional Diversity Network, Inc.
   
Date: May 21, 2024
/s/ Adam He
 
Adam He, Chief Executive Officer
 
 
 
 
v3.24.1.1.u2
Document And Entity Information
May 15, 2024
Document Information [Line Items]  
Entity, Registrant Name PROFESSIONAL DIVERSITY NETWORK, INC.
Document, Type 8-K
Document, Period End Date May 15, 2024
Entity, Incorporation, State or Country Code DE
Entity, File Number 001-35824
Entity, Tax Identification Number 80-0900177
Entity, Address, Address Line One 55 E. Monroe Street, Suite 2120
Entity, Address, City or Town Chicago
Entity, Address, State or Province IL
Entity, Address, Postal Zip Code 60603
City Area Code 312
Local Phone Number 614-0950
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock
Trading Symbol IPDN
Security Exchange Name NASDAQ
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001546296
Grafico Azioni Professional Diversity N... (NASDAQ:IPDN)
Storico
Da Gen 2025 a Feb 2025 Clicca qui per i Grafici di Professional Diversity N...
Grafico Azioni Professional Diversity N... (NASDAQ:IPDN)
Storico
Da Feb 2024 a Feb 2025 Clicca qui per i Grafici di Professional Diversity N...