8-K: Aeluma, Inc. Appoints James Seo as Interim CFO
Current Report
Aeluma, Inc. announced the appointment of James Seo, the current Controller, as interim Chief Financial Officer/Principal Accounting Officer, effective March 18, 2025, until a full-time CFO is hired.
Summary
- Aeluma, Inc. has appointed James Seo as interim CFO and Principal Accounting Officer, effective March 18, 2025.
- Mr. Seo, who has been serving as the company's Controller since May 2023, will hold the interim position until a full-time CFO is hired.
- There are no family relationships or arrangements between Mr. Seo and any of the company's directors or other executive officers.
- Aeluma believes Mr. Seo is qualified for the role given his experience, including his previous role at Transphorm, Inc. where he was involved in their public offering and Nasdaq uplist.
Sentiment
Score: 7
Explanation: The announcement is neutral to slightly positive, indicating a smooth transition in financial leadership. The appointment of an experienced interim CFO provides stability.
Positives
- The appointment of an interim CFO ensures continuity in financial leadership.
- James Seo's experience as Controller and his previous role at Transphorm, Inc. suggest he is qualified for the interim CFO position.
- Mr. Seo's experience includes SEC reporting and SOX 404 compliance.
Risks
- The company is still searching for a permanent CFO, which could create uncertainty in the long term.
- An interim CFO may not have the same level of authority or long-term vision as a permanent CFO.
Future Outlook
The company is actively seeking a full-time CFO.
Management Comments
- Aeluma believes that Mr. Seo is qualified to serve as interim CFO and Principal Accounting Officer until the Company hires a full-time CFO.
Industry Context
Companies often appoint interim CFOs during transitions to ensure financial stability and compliance while searching for a permanent replacement.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer/Principal Accounting Officer | Vacant | James Seo (Interim) | 2025-03-18 | Interim appointment until a full-time CFO is hired |
Stakeholder Impact
- Shareholders may view the appointment of an interim CFO as a sign of stability during the search for a permanent replacement.
- Employees in the finance department will report to the interim CFO.
Next Steps
- Aeluma, Inc. will continue its search for a full-time CFO.
Key Dates
| Date | Description |
|---|---|
| 2023-05 | James Seo started serving as Aeluma, Inc.'s Controller. |
| 2025-03-18 | James Seo agreed to serve as Aeluma, Inc.'s interim Chief Financial Officer/Principal Accounting Officer. |
| 2025-03-19 | Date of report. |
Keywords
CFO, interim CFO, Aeluma, James Seo, appointment, financial officer, controller
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