Business Context and Reporting Period
This Form 8-K Current Report was filed by M-Tron Industries, Inc. (MPTI) on October 9, 2024, reporting events occurring on October 3, 2024. The Company is an emerging growth company incorporated in Delaware and trades on the NYSE American.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The report focuses exclusively on executive compensation and appointment details.
Material Changes
The primary material change reported is the appointment of Cameron Pforr as Chief Financial Officer, effective October 3, 2024. Mr. Pforr brings prior experience as President and CFO of IronNet, Inc., Fidelis Cybersecurity, Inc., and WhipTail Technologies LLC, as well as roles at Jenzabar, Inc., Revolution Partners, Deutsche Banc Alex. Brown, and Bain & Co.
Management Commentary and Compensation
In connection with the appointment, the Board established the following compensatory arrangements for Mr. Pforr:
- Base Salary: $210,000 per year.
- Annual Bonus: Eligible at the discretion of the Board of Directors.
- Equity Award: A restricted stock award with an initial grant date value of $914,200, subject to a three-year vesting period.
The filing states there are no undisclosed arrangements regarding his selection, no family relationships with directors or officers, and no direct or indirect interests in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the effective date of the CFO appointment (October 3, 2024) against internal corporate records.
- Confirm the vesting schedule and specific terms of the $914,200 restricted stock award.
- Review the attached Press Release (Exhibit 99.1) for additional strategic context regarding the leadership change.
- Monitor future filings for the departure of the previous CFO, if applicable, to ensure a complete transition timeline.