Summary by Moomoo AI
Freight Technologies, Inc. announced significant changes in its executive team on January 19, 2024. Paul D. Freudenthaler resigned as Chief Financial Officer for personal reasons, with no disagreements with the company regarding its operations, policies, or accounting practices. The company has entered into a Resignation Agreement with Freudenthaler, who will assist in transitioning his responsibilities and will continue to serve as Secretary and join the Board as a non-independent director. In exchange for his resignation, Freudenthaler will receive an agreed hourly rate for transitional work, medical insurance through March 31, 2024, and full vesting of his incentive stock options. Concurrently, Freight Technologies appointed Donald Quinby as the new CFO under an employment agreement effective until January 18, 2025, with automatic one-year extensions unless notice...Show More
