Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On May 24, 2022, Domonic J. Carney resigned as Chief Financial Officer and
Treasurer of ShiftPixy, Inc. ("ShiftPixy" or the "Company"), pursuant to a
Sabbatical Leave Agreement (the "Agreement"), effective immediately. The Board
of Directors (the "Board") of ShiftPixy accepted Mr. Carney's resignation and
ratified the Agreement the same day. A copy of the Agreement is attached hereto
as Exhibit 10.1.
On May 24, 2022, the Board of ShiftPixy appointed Manuel Rivera, 47, to the
positions of Treasurer and Acting Chief Financial Officer of the Company. Since
June 2021, Mr. Rivera has served as ShiftPixy's Vice President of Accounting.
Prior to joining ShiftPixy, Mr. Rivera was employed from July 2020 until June
2021 as Director of Financial Accounting Advisory Services for Eleven Consulting
Group, a privately held financial consulting and accounting advisory firm.
Before joining Eleven Consulting, he served from October 2014 through February
2020 as Financial Accounting Advisory Services Senior Manager for the worldwide
accounting firm of Ernst & Young. Beginning in August 2003, he was employed by
the worldwide accounting firm of KPMG, which he left as an Audit Senior Manager
in September 2014. Mr. Rivera earned a Bachelor's Degree of Arts in Accounting,
cum laude, from Inter-American University of San Juan, Puerto Rico, and is
licensed as a Certified Public Accountant in Florida and Puerto Rico.
Mr. Rivera currently earns annual compensation as ShiftPixy's Vice President of
Accounting of $194,606. There is currently no agreement in place between the
Company and Mr. Rivera to adjust his current compensation.
On May 24, 2022, ShiftPixy issued a press release announcing these developments.
A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are filed as part of this report:
Exhibit
Number Description
10.1 Sabbatical Leave Agreement, dated May 24, 2022.
99.1 Press release, dated May 24, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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