UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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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 September 30, 2023, Joseph Taeid notified Slam Corp. (the “Company”) of his decision to resign as Chief Financial Officer of the Company, effective as of September 30, 2023. Mr. Taeid’s decision to resign was not the result of any dispute or disagreement with the Company or any matter relating to the Company’s operations, policies or practices.
Also on October 4, 2023, the Company appointed Ryan Bright as the new Chief Financial Officer of the Company. The appointment is effective October 4, 2023.
Ryan Bright possesses nearly 20 years of experience as a financial and investment executive. He has served as a Special Advisor for Direct Selling Acquisition Corp. since February 2021 and co-founded Direct Selling Capital Advisors in May 2019. Prior to Direct Selling Capital Advisors, Mr. Bright served as the President and Managing Partner of Lucidus Capital, LLC, a boutique transaction advisory firm. Earlier in his career, as a Managing Director, Mr. Bright was responsible for the Dallas office of an international investor relations firm focused on representing companies listed on both the Nasdaq and New York stock exchanges. Client companies ranged from $100 million to multi-billion dollar market capitalizations. From 2003 to 2007, Mr. Bright operated Fiducia Capital Management, LP, a registered investment advisory firm that he co-founded. Fiducia focused on managing portfolios of publicly traded equities for a number of private investment partnerships. Mr. Bright began his career in finance sourcing private equity transactions for a large Dallas, Texas-based family office and also served as a key investment advisor to one of the largest private family foundations in the State of Texas.
Mr. Bright will not be compensated by the Company for his services as a Chief Financial Officer and has not entered into an employment agreement with the Company.
In connection with this appointment, Mr. Bright is expected to enter into an indemnity agreement and a letter agreement with the Company on the same terms as the indemnity agreements and the letter agreement entered into at the time of the Company’s initial public offering.
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: October 5, 2023
| SLAM CORP. | ||
| By: | /s/ Himanshu Gulati | |
| Name: Himanshu Gulati | ||
| Title: Chairman | ||