Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 24, 2023, Burhan Jaffer announced his intention to resign as Chief
Financial Officer of Compass Digital Acquisition Corporation (the "Company"),
effective April 30, 2023. Mr. Jaffer is expected to stay on as a advisor to
facilitate an orderly transition to his successor.
Mr. Jaffer's decision to resign as Chief Financial Officer does not relate to
any disagreement with the Company's management, the Board of Directors of the
Company (the "Board") or the Company's independent auditors regarding any matter
related to the Company's operations, accounting practices, financial
disclosures, internal controls or policies and practices.
On April 28, 2023, the Board appointed John Roberts, age 31, as the interim
Chief Financial Officer of the Company, effective May 1, 2023.
Mr. Roberts currently serves as the Company's Senior Business Development
Consultant and brings with him over ten years of experience investing in and
advising companies through his work in investment banking, private equity and
venture capital. In addition to his role at the Company, he also serves as
Founder and Managing Partner at North Brooklyn Ventures, a search fund seeking
to acquire and operate an SMB, where he is responsible for its investment
decisions and manages the day-to-day activities of the company. Prior to
founding North Brooklyn Ventures, John served as Vice President within the
investment banking division of Barclays PLC, supporting clients across a wide
variety of transactions and initiatives, including mergers and acquisitions,
strategic planning, initial public offerings and other capital raises. John
holds a Master of Business Administration from Harvard Business School and a
Bachelor of Business Administration from the University of Notre Dame.
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