Form 8-K - Current report
May 28 2024 - 5:00PM
Edgar (US Regulatory)
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0001940177
0001940177
2024-05-21
2024-05-21
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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 21, 2024
PODCASTONE, INC.
(Exact name of registrant as specified in its charter)
Delaware |
|
001-41795 |
|
35-2503373 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
269 South Beverly Drive, Suite 1450
Beverly Hills, CA 90212
(Address of principal executive offices) (Zip Code)
(310) 858-0888
(Registrant’s telephone number, including
area code)
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, $0.00001 par value per share |
|
PODC |
|
The NASDAQ Capital Market |
Securities registered pursuant to Section
12(g) of the Act: None
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 Arrangements of Certain Officers.
(d) Effective as of
May 21, 2024 (the “Effective Date”), the Board of Directors (the “Board”) of PodcastOne, Inc. (the “Company”)
elected Jon Merriman as a director of the Company. The Board determined that Mr. Merriman is an “independent” director pursuant
to the definition of independence under Rule 5605(a)(2) of the Nasdaq Listing Rules. The Board may appoint Mr. Merriman to one or
more committees of the Board at a future date.
With over 35 years of experience
in the investment banking, brokerage, and trading businesses, Mr. Merriman has deep experience in corporate turnarounds, debt and equity
transactions and helping companies grow across a broad variety of industries, including the healthcare, technology and consumer sectors.
He has served as Chief Business Officer for B. Riley Financial, the holding company for RILY’s diverse operations since April 2019,
as well as having served as Senior Managing Director, Investment Banking, with B. Riley Securities, the firm’s investment banking
arm since September 2016. In these dual roles Mr. Merriman has worked closely with public and private corporations across multiple industry
groups, private equity investors, law firms and IR firms to leverage the firm’s resources to create solutions and drive revenue
to the firm. Mr. Merriman specializes in actively advising high growth public and private companies on complex financing, capital markets
related and operational issues. Prior to joining B. Riley, Mr. Merriman was co-chairman and CEO of Merriman Holdings, Inc. from December
2001 to September 2016. Before forming his own firm, Mr. Merriman was Managing Director and Head of Equities for Wells Fargo Securities
(“WFS”), formerly First Security Van Kasper (“FSVK”), and served on FSVK’s Board of Directors. As a result
of a financing completed by WFS, he was appointed to the Board of Directors of RateXchange Corporation, a telecommunications company.
Mr. Merriman was subsequently appointed Chairman and CEO of RateXchange, which he restructured into Merriman Curhan Ford, known as Merriman
Capital, Inc. in November 2001. Mr. Merriman holds a B.A. from Dartmouth College.
Mr.
Merriman shall be entitled to participate in the annual compensation package that the Company provides to its non-employee directors.
There
is no arrangement or understanding between Mr. Merriman and any other persons pursuant to which Mr. Merriman was elected as a director
of the Company. There are no family relationships between Mr. Merriman and any of the Company’s officers or directors. Other than
as described herein, there are no other transactions to which the Company or any of its subsidiaries is a party in which Mr. Merriman
has a material interest subject to disclosure under 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.
|
PODCASTONE, INC. |
|
|
Dated: May 28, 2024 |
By: |
/s/ Aaron Sullivan |
|
Name: |
Aaron Sullivan |
|
Title: |
Chief Financial Officer |
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May 21, 2024 |
Cover [Abstract] |
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Document Type |
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Document Period End Date |
May 21, 2024
|
Entity File Number |
001-41795
|
Entity Registrant Name |
PODCASTONE, INC.
|
Entity Central Index Key |
0001940177
|
Entity Tax Identification Number |
35-2503373
|
Entity Incorporation, State or Country Code |
DE
|
Entity Address, Address Line One |
269 South Beverly Drive
|
Entity Address, Address Line Two |
Suite 1450
|
Entity Address, City or Town |
Beverly Hills
|
Entity Address, State or Province |
CA
|
Entity Address, Postal Zip Code |
90212
|
City Area Code |
310
|
Local Phone Number |
858-0888
|
Written Communications |
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Soliciting Material |
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Pre-commencement Tender Offer |
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Pre-commencement Issuer Tender Offer |
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Title of 12(b) Security |
Common stock, $0.00001 par value per share
|
Trading Symbol |
PODC
|
Security Exchange Name |
NASDAQ
|
Entity Emerging Growth Company |
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