UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 17, 2023, the Board of Directors (the “Board”) of Digital Ally, Inc. (the “Company”) appointed D. Duke Daughtery as a member of the Board, effective immediately, to hold office until the next meeting of shareholders of the Company at which directors are being elected or as set forth in the Company’s bylaws.
Mr. Daughtery, age 59, retired from public accounting in November of 2019 after a 32-year career with Grant Thornton and Deloitte & Touche as an assurance partner and audit practice leader. Mr. Daughtery was instrumental in the significant growth of Grant Thornton’s Kansas City audit practice. Mr. Daughtery served numerous companies ranging from high growth private equity backed clients, to multi-billion revenue private companies to public companies ranging from smaller public companies to the Fortune 500.
Mr. Daughtery will immediately serve on the Board, with the intention to move to Kustom Entertainment, Inc’s (“Kustom Entertainment”) Board of Directors upon the completion of the recently announced transaction with Clover Leaf Capital Corp. (Nasdaq: CLOE) (“Clover Leaf”), a publicly traded special purpose acquisition company (SPAC). Mr. Daughtery will serve on the Board’s audit committee.
There are no other arrangements or understandings between Mr. Hoffmann and any other persons pursuant to which he was appointed as a member of the Board. There are also no family relationships between any of the Company’s directors or officers and Mr. Hoffmann. There are no related party transactions involving Mr. Hoffmann that are reportable under Item 404(a) of Regulation S-K.
Mr. Daughtery will receive standard board compensation for his service as a director.
Item 8.01 | Other Events. |
On October 17, 2023, the Company issued a press release (the “Press Release”) announcing the appointment of Mr. Daughtery as a member of the Board. A copy of the Press Release is attached hereto as Exhibit 99.1 and incorporated by reference herein.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
Exhibit No. | Description | |
99.1 | Press Release dated October 17, 2023 | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
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.
Date: October 17, 2023
Digital Ally, Inc. | ||
By: | /s/ Stanton E. Ross | |
Name: | Stanton E. Ross | |
Title: | Chairman and Chief Executive Officer |