x

Posted 04 April, 2022

SIGMA LABS, INC. appointed new CEO

CEO Change detected for ticker Nasdaq:SGLB in a 8-K filed on 04 April, 2022.


  Effective April 1, 2022, Jacob Brunsberg, age 35, the current President and Chief Operating Officer of Sigma Labs, Inc. ("Sigma," or the "Company"), will become Sigma's President, Chief Executive Officer and principal executive officer and will no longer serve as Chief Operating Officer. Also effective April 1, Mr. Brunsberg was appointed to serve as a Class II director on the Board.  

Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of SIGMA LABS, INC.
Technology • Computers/Consumer Electronics
NextTrip, Inc. engages in the provision of travel technology solutions. It connects people to new places and discoveries by utilizing digital media engagement, seasoned planning expertise, and unique inventory to curate custom vacations across the globe. The company was founded on December 23, 1985 and is headquartered in Santa Fe, NM.
Market Cap
$5.97M
View Company Details
SIGMA LABS, 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.


Effective April 1, 2022, Jacob Brunsberg, age 35, the current President and Chief Operating Officer of Sigma Labs, Inc. ("Sigma," or the "Company"), will become Sigma's President, Chief Executive Officer and principal executive officer and will no longer serve as Chief Operating Officer. Also effective April 1, Mr. Brunsberg was appointed to serve as a Class II director on the Board. Prior to joining Sigma in September 2021 as Senior Vice President responsible for leading the Company's strategic relationships, product management and marketing programs, Mr. Brunsberg was a P&L leader for General Electric's Binder Jet Technology unit with management responsibility for strategy, development, commercialization, and overall business performance. He has a degree in material science from the University of Wisconsin.


There are no arrangements or understandings between Mr. Brunsberg and any other persons pursuant to which he was chosen as President, Chief Executive Officer and principal executive officer of the Company. There are no family relationships between Mr. Brunsberg and any of the Company's directors, executive officers or persons nominated or chosen by the Company to become a director or executive officer. Mr. Brunsberg is not a party to any current or proposed transaction with the Company for which disclosure is required under Item 404(a) of Regulation S-K, and Mr. Brunsberg's employment agreement with the Company remains in place in accordance with its terms.


Mr. Brunsberg replaces Mark Ruport, who resigned from his positions as Chief Executive Officer and principal executive officer of the Company effective April 1, 2022. Mr. Ruport remains a director of the Company and was appointed to replace the current Chairman of the Board, John Rice, who will continue to serve as a director. Mr. Ruport will continue to be compensated under his current terms of employment through May 31, 2022, for his services during this leadership transition. Beginning June 1, 2022, Mr. Ruport will be entitled to be compensated as a non-employee director under the Company's non-employee director compensation program, as it may be adjusted from to time.