Business Context and Reporting Period
This Form 8-K is a current report filed by Summit Wireless Technologies, Inc. (not Datavault AI Inc.) on February 12, 2020, regarding events occurring on February 6, 2020. The registrant is an emerging growth company incorporated in Delaware, with its common stock (WISA) trading on The Nasdaq Capital Market.
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 performance data.
Material Changes
- Resignation of Director: Brian Herr resigned from the Board of Directors effective February 10, 2020. He served on the Audit, Compensation, and Nominating and Corporate Governance Committees. The resignation was not due to any disagreement with the Company regarding operations, policies, or practices.
- Appointment of Director: Robert Tobias was appointed to the Board effective February 10, 2020, to replace Mr. Herr. He is expected to serve on the same committees as his predecessor.
Guidance, Outlook, and Risks
The filing contains no financial guidance, outlook, or management commentary regarding future performance. No specific risks or contingencies were disclosed in this report other than the standard disclosure that the appointment of Mr. Tobias was not part of any undisclosed arrangement.
Investor Verification Checklist
- Verify the correct registrant name is Summit Wireless Technologies, Inc., as the input metadata incorrectly referenced "Datavault AI Inc."
- Confirm the effective date of the board changes was February 10, 2020.
- Review the press release (Exhibit 99.1) for additional details on Robert Tobias's background.
- Note that this filing does not impact the company's financial statements or operational metrics.