Item 5.01. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 22, 2024, Katapult Holdings, Inc.'s (the "Company") Chief Accounting Officer, Christopher Towers resigned from the Company. Mr. Towers will serve in his current position through May 1, 2024 (the "Departure Date"). Mr. Tower's resignation is for personal reasons and is not the result of any disagreement with the Company related to the Company's operations, policies, or practices. The Company intends to initiate a comprehensive search for a qualified replacement candidate to fill the position of Chief Accounting Officer. Upon Mr. Tower's departure and until such time as a permanent replacement is named, Mr. Arthur Goss, Vice President, Internal Audit will assume the duties and responsibilities of the Chief Accounting Officer on an interim basis. Mr. Goss, age 62, has served as the Company's Vice President, Internal Audit since March 2024. He most recently served as the Vice President, Internal Audit for LL Flooring Holdings, Inc. from July 2016 until March 2024 and previously served as the Chief Accounting Officer for Delhaize Group SA from 2006 until 2013 among various other accounting and audit roles over the course of his career. Mr. Goss holds a BSBA in Accounting from The Ohio State University. He is a Certified Public Accountant (North Carolina State Board of Certified Public Accountant Examiners) and a Certified Fraud Examiner (Association of Certified Fraud Examiners).
There are no arrangements or understandings between Mr. Goss and any other person pursuant to which he was appointed as Interim Chief Accounting Officer. There are no family relationships between Mr. Goss and any director or officer of the Company or any other related-party transaction of the Company involving Mr. Goss.
In connection with his commencement of his interim role as Interim Chief Accounting Officer, Mr. Goss and the Company entered into a letter agreement that provides for a monthly stipend of $5,000 for the greater of three months or until a replacement is named.
Attachments
Original Link
Permalink
Disclaimer
Katapult Holdings Inc. published this content on
24 April 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
24 April 2024 20:59:57 UTC.
Katapult Holdings, Inc. is a technology driven lease-to-own (LTO) platform that integrates with omni-channel retailers and e-commerce platforms to power the purchasing of everyday durable goods for underserved United States non-prime consumers. The Company primarily operates within the virtual LTO market. Its LTO platform offers customers an alternative to traditional financing of automotive goods, computers, electronics, home furnishings and other durable goods. By using its integrated LTO solution or Katapult Pay (its virtual card technology), customers who may be unable to access traditional financing can use its product to shop directly with more than 200 merchant partners. Customers can also choose to shop directly with different merchants in the Katapult marketplace within its mobile app. The Company's platform can be integrated regardless of integration method: platform plug-in, developer documentation, direct application programming interface and waterfall partnerships.