Business Context and Reporting Period
This Form 8-K is a current report filed by CF Finance Acquisition Corp. III (not Aeye, Inc.) on February 3, 2021, regarding events occurring on January 31, 2021. The registrant is a Delaware corporation and an emerging growth company with securities trading on The Nasdaq Stock Market LLC under the symbols CFACU, CFAC, and CFACW.
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance changes and does not contain financial statements or performance data.
Material Changes
Effective January 31, 2021, the Board of Directors executed the following personnel changes:
- Appointment: Alice Chan was appointed as Chief Financial Officer (CFO).
- Election: Alice Chan was elected as a member of the Board's first class of directors and as a member of the Audit Committee.
- Resignation: Paul Pion resigned as Chief Financial Officer, director, and member of the Audit Committee effective on the same date.
Management Commentary and Background
The filing details the professional background of the new CFO, Alice Chan:
- Current Role: Global Controller and Managing Director at Cantor Fitzgerald, L.P. since March 2019, overseeing financial reporting, consolidations, and accounting standards.
- Previous Experience: CFO of Fintan Master Fund Ltd and Fintan Investments Ltd since January 2019. Previously worked at Goldman Sachs for approximately 10 years focusing on broker-dealer and bank financial reporting.
- Related Roles: Ms. Chan also serves as CFO and/or director for several other CF Acquisition entities (CF Finance Acquisition Corp. II, CF Acquisition Corp. IV, V, and VI) as of January 2021.
- Qualifications: Holds Series 27 and 99 licenses; B.S. in Finance from Pace University and M.S. in Accounting from St. John's University.
The filing confirms no family relationships exist between Ms. Chan and other directors or officers, and no reportable transactions exist under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the correct registrant name is CF Finance Acquisition Corp. III, as the input metadata incorrectly referenced Aeye, Inc.
- Confirm the effective date of the leadership transition (January 31, 2021).
- Review Ms. Chan's concurrent roles with other CF Acquisition entities to assess potential conflicts of interest or time allocation.
- Note that this filing contains no financial performance data; refer to the most recent 10-K or 10-Q for financial metrics.