Business Context and Reporting Period
This Form 8-K Current Report was filed by Aeluma, Inc. on March 19, 2025. The report discloses a material change in the company's executive leadership structure effective March 18, 2025. Aeluma is an emerging growth company incorporated in Delaware.
Key Financial Metrics
This filing is a current report regarding corporate governance and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
- Appointment of Interim CFO: Mr. James Seo has been appointed as Interim Chief Financial Officer and Principal Accounting Officer.
- Effective Date: The appointment is effective as of March 18, 2025.
- Role Scope: Mr. Seo will serve in this capacity until the Company hires a full-time CFO.
- Background: Mr. Seo has served as the Company's Controller since May 2023. His responsibilities include preparing periodic SEC reports, liaising with external auditors, and overseeing financial operations, accounting, and budgeting.
- Compensation and Agreements: The Company will enter into a standard indemnification agreement with Mr. Seo. No other arrangements or transactions requiring disclosure under Item 404(a) of Regulation S-K were identified.
Guidance, Outlook, and Risks
The filing does not contain updated financial guidance, forward-looking outlook statements, or specific risk factors beyond the standard disclosure of the leadership transition. Management commentary is limited to the rationale for Mr. Seo's appointment, citing his experience with SEC filings, SOX 404 compliance, and prior work at Transphorm, Inc.
Investor Verification Checklist
- Verify the timeline for the search and appointment of a permanent, full-time Chief Financial Officer.
- Review the terms of the standard indemnification agreement to be executed with Mr. Seo.
- Confirm the status of the Company's periodic reporting obligations under the interim leadership structure.
- Check for any subsequent filings regarding the departure of the previous CFO or Principal Accounting Officer, if applicable.