Form 8-K Summary
Registrant: Western Acquisition Ventures Corp. The provided metadata identifies Cycurion, Inc., but the filing itself names Western Acquisition Ventures Corp. as the registrant.
Reporting period/event date: April 1, 2022, with committee appointments effective April 4, 2022. The report was signed and filed on April 7, 2022.
Business Context and Corporate Actions
The filing reports the resignation of Ali Jahangiri from the Board of Directors and from the Compensation Committee and Nominating Committee, effective April 1, 2022.
- Mr. Jahangiri was an independent director and Chair of the Nominating Committee.
- He stated that his resignation was due to a desire to pursue other professional interests and was not related to any disagreement with the Company, Board, executive officers, operations, policies, or practices.
- The Company did not plan to fill the resulting Board vacancy at the time of filing.
Financial and Liquidity Information
This filing does not provide revenue, profit, cash flow, margins, debt, liquidity, guidance, or other operating financial metrics. It is limited to governance and committee changes.
Material Changes and Management Commentary
- Ade Okunubi was appointed to the Compensation Committee.
- Dr. Robin L. Smith was appointed Chair of the Nominating Committee.
- Both appointees were identified as independent directors under Nasdaq Rule 5606(a)(2).
- No agreement or understanding existed regarding their committee appointments.
- The filing states that neither appointee was party to a material plan, contract, or arrangement triggered by the appointments or related events.
Guidance, Risks, Contingencies, and Unusual Items
No financial guidance, outlook, material contingency, litigation matter, or unusual financial item is disclosed. The principal disclosed risk is the unfilled Board vacancy and resulting changes in committee composition.
Investor Verification Items
- Confirm the correct issuer, because the filing names Western Acquisition Ventures Corp., while the request metadata names Cycurion, Inc.
- Review the Company’s subsequent filings for any appointment to fill the Board vacancy.
- Verify the post-resignation composition and independence of the Compensation and Nominating Committees.
- Review the Form 10-K filed March 31, 2022 for financial condition, related-party information, and broader business context.