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CTD Holdings, Inc. Appoints Joshua M. Fine as CFO - Key Insights from 8-K Filing

$CYTHW
Form 8-K
Filed on: 2019-06-14
Source
CTD Holdings, Inc. Appoints Joshua M. Fine as CFO - Key Insights from 8-K Filing

Here are the key insights extracted from the 8-K filing for CTD Holdings, Inc. dated June 14, 2019:

  1. Date of Report: The event reported occurred on June 11, 2019.
  2. Company Information:
  • Name: CTD Holdings, Inc.
  • State of Incorporation: Florida
  • Commission File Number: 000-25466
  • IRS Employer Identification Number: 59-3029743
  • Principal Executive Office Address: 6714 NW 16th Street, Suite B, Gainesville, Florida 32563
  • Telephone Number: 386-418-8060
  1. Key Event:
  • Appointment of Chief Financial Officer: Joshua M. Fine was appointed as the Chief Financial Officer on June 11, 2019.
  1. Background of CFO:
  • Age: 37 years old.
  • Experience:
    • Over 13 years in investment banking and finance.
    • Served as Vice President/Director, Healthcare Capital Markets at Scarsdale Equities, LLC until his appointment.
    • Currently Vice President of Finance and Operations at Icagen, Inc. since 2017.
    • Previous experience includes Vice President, Capital Markets at Emerging Growth Equities (2009-2011).
  • Education: Bachelor of Arts in Political Science from Hartwick College.
  • Corporate Secretary: Has served as the corporate secretary for CTD Holdings since 2014.
  1. Compensation Details:
  • Mr. Fine will receive an annual base salary of $125,000 and will be provided with the same benefits as other executive officers.
  • No formal written employment agreement is in place.
  1. Related Party Transactions:
  • Scarsdale acted as the Company’s financial advisor in several private placements, with Mr. Fine serving as the lead representative.
  • Payments made to Scarsdale for services in various private placements:
    • February 2017: $153,000 cash fee and warrants for 164,074 Units (including 109,929 Units for Mr. Fine).
    • October 2017: $60,000 cash fee and warrants for 600 Units (including 432 Units for Mr. Fine).
    • April 2018: $50,000 cash fee.
  1. Family Relationship: Joshua M. Fine is the son of N. Scott Fine, the CEO of the Company.
  2. Emerging Growth Company Status: The report indicates that CTD Holdings, Inc. is not designated as an emerging growth company.

These insights summarize the key personnel changes, compensation details, and related party transactions that are significant for stakeholders and analysts monitoring the company’s governance and financial practices.