x

Posted 28 July, 2021

Coda Octopus Group, Inc. appointed new CEO

CEO Change detected for ticker Nasdaq:CODA in a 8-K filed on 28 July, 2021.


  As disclosed previously, Mr. Midgley had already stepped down from his position as Chief Executive Officer of Coda Octopus Colmek, Inc., the Company's wholly owned subsidiary.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of Coda Octopus Group, Inc.
Technology • Networking
Coda Octopus Group, Inc. engages in the developing, manufacturing, and marketing of subsea products. It operates through the Marine Technology Business (Products) and Marine Engineering Business (Services) segments. The Marine Technology Business segment develops solutions for subsea and underwater markets. The Marine Engineering Business segment supplies engineering services primarily to prime defense contractors. It also operates through the Americas, Europe, Australia or Asia, and Middle East or Africa geographical segments. The company was founded in 1994 and is headquartered in Orlando, FL.
Market Cap
$76.4M
View Company Details
Coda Octopus Group, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.


(e) On July 26, 2021, Coda Octopus Group, Inc. (the "Company") and Michael Midgley, the Company's Chief Financial Officer, entered into an agreement to amend his employment agreement. Pursuant to the terms of the amended employment agreement, Mr. Midgley now serves solely as Chief Financial Officer. The agreement provides for these services to be rendered on a 3 days per week basis for a base salary of $126,000 per annum.


As disclosed previously, Mr. Midgley had already stepped down from his position as Chief Executive Officer of Coda Octopus Colmek, Inc., the Company's wholly owned subsidiary.