Company Quick10K Filing
ChaSerg Technology Acquisition
Price10.15 EPS0
Shares22 P/E127
MCap223 P/FCF-78
Net Debt-0 EBIT2
TEV223 TEV/EBIT89
TTM 2019-09-30, in MM, except price, ratios
S-1 2020-10-02 Public Filing
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10-Q 2020-03-31 Filed 2020-05-11
10-K 2019-12-31 Filed 2020-03-04
10-Q 2019-09-30 Filed 2019-11-13
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10-Q 2019-03-31 Filed 2019-05-15
10-K 2018-12-31 Filed 2019-03-20
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8-K 2021-02-17
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8-K 2020-12-15
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8-K 2020-10-26
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8-K 2019-12-19
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8-K 2019-11-13
8-K 2018-10-25
8-K 2018-10-10

CTAC 8K Current Report

Item 8.01 Other Events.
Item 9.01. Financial Statement and Exhibits.
EX-10.1 ea123852ex10-1_griddyn.htm

ChaSerg Technology Acquisition Report 2020-06-29

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): July 6, 2020 (June 29, 2020)

 

GRID DYNAMICS HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

  

Delaware   001-38685   83-0632724
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)

 

5000 Executive Parkway, Suite 520

San Ramon, CA 94583

(Address of principal executive offices)

 

Registrant’s telephone number, including area code: (619) 736-6855

   

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class  

Trading

Symbol(s)

 

Name of each exchange

on which registered

Common Stock, par value $0.0001 per share   GDYN   The NASDAQ Stock Market LLC
Redeemable warrants, exercisable for shares of common stock at an exercise price of $11.50 per share   GDYNW   The NASDAQ Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

  

 

 

Item 5.02 Departures of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

Effective July 1, 2020, the below executive officers (each, an “Executive”) of Grid Dynamics Holdings, Inc. (the “Company”) have each agreed to amend their respective Executive Employment Agreements to reduce their current salary levels by ten percent (10%) until September 30, 2020 (the “Salary Reductions”). In connection with the Salary Reductions, each Executive entered into a Salary Change Acknowledgement, the form of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

 

Name  Title  Original Base Salary*  Reduced Salary
Leonard Livschitz  Chief Executive Officer  $600,000.00  $540,000.00
Victoria Livschitz  Executive Vice President of Customer Success  $400,000.00  $360,000.00
Anil Doradla  Chief Financial Officer  $300,000.00  $270,000.00
Yury Gryzlov  Senior Vice President of Operations  $250,000.00  $225,000.00

 

* Salaries in this column reflect the base salaries for the fiscal year ended December 31, 2020 prior to previous salary reductions by the Executives, as described in the Company’s Current Report on Form 8-K filed on April 7, 2020.

 

Item 8.01 Other Events.

 

Effective July 1, 2020, each non-employee member of the Board of Directors of the Company (the “Board”) elected to forgo indefinitely all individual cash retainer payments for Board service for the Company that he or she would otherwise receive pursuant to the Company’s Outside Director Compensation Policy (the “Policy”). In lieu of such payments, and subject to Board approval and the terms of the Policy, the directors will instead receive the value of such payments in fully vested stock issued in arrears at the end of each applicable quarter.

 

The foregoing description of the Policy is subject and qualified in its entirety by reference to the full text of the Policy, a copy of which was filed as Exhibit 10.7 to the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on March 9, 2020, and incorporated herein by reference.

 

Item 9.01. Financial Statement and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Document
10.1   Form of Salary Change Acknowledgment.
104    Cover Page Interactive Data File (formatted as Inline XBRL).  

 

 1 

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 6, 2020

 

  GRID DYNAMICS HOLDINGS, INC.
     
  By: /s/ Anil Doradla
  Name:  Anil Doradla
  Title: Chief Financial Officer

 

 

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