On January 10, 2025, Sidus Space, Inc. (NASDAQ: SIDU) made a significant change to its executive team, as detailed in an 8-K filing submitted today to the Securities and Exchange Commission. The company announced the termination of Bill White, the Chief Financial Officer, without cause as per Section 6.1 of the employment agreement dated February 6, 2024, between Sidus Space and Mr. White.
In the wake of this change, Teresa Burchfield, the Controller and former CFO of Sidus Space, will step into the position of interim CFO. Burchfield will shoulder Mr. White’s responsibilities until a successor for the Chief Financial Officer role is appointed by the company.
Sidus Space is known for its operations in the space industry and this alteration in its executive team could potentially herald further strategic shifts within the company. The company, an emerging growth entity as defined by Rule 405 of the Securities Act of 1933, is navigating this change in leadership as it continues to advance within its sector.
The 8-K filing further stated that the termination of Bill White’s employment was effective immediately as of January 10, 2025. The company, headquartered at 150 N. Sykes Creek Parkway, Suite 200, Merritt Island, FL, under the leadership of Carol Craig, the Chief Executive Officer, aims to seamlessly manage this transition in its financial management team.
For further information and updates regarding Sidus Space’s executive team and financial developments, investors and stakeholders are encouraged to stay tuned for announcements from the company in the coming days.
As of the time of this report, there has been no additional information disclosed by Sidus Space regarding any potential candidates for the vacant Chief Financial Officer position. The company’s stock movements following this news will be closely watched by investors eager to assess the impact of this executive change on the company’s financial outlook.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sidus Space’s 8K filing here.
About Sidus Space
Sidus Space, Inc, a space-as-a-service company, engages in the design, manufacture, launch, and data collection of commercial satellite worldwide. Its space services include satellite/space hardware manufacturing; Low Earth Orbit (LEO) launch and deployment services; and space-based geospatial intel, imagery, and data analytics.
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