An announcement from Loop Media ( (LPTV) ) is now available.
Loop Media, Inc. has experienced significant board and executive changes, including the resignation of three directors and the departure of their CFO, Neil Watanabe, who will receive a severance package and remain as an advisor. Ari Olgun has been appointed as the Interim CFO, bringing a varied financial background to the role. Amidst cost-cutting measures, the Board of Directors has deferred their cash compensation and eliminated it for the next fiscal year, while also delaying executive bonuses. To incentivize employees after a stock delisting, the company has repriced certain employee stock options to align with the current share value.
For an in-depth examination of LPTV stock, go to TipRanks’ Stock Analysis page.
