UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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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 June 23, 2022, Sagaliam Acquisition Corp.(the “Company”)’s board of directors (the “Board”) appointed George Caruolo as the Chairman of the Board (replacing Barry Kostiner). Mr. Kostiner will continue in his roles as a member of the Board and the Company’s Chief Executive Officer. As previously reported in a Form 424B4 filed by the Company on December 22, 2021, Mr. Caruolo joined the Board on December 20, 2021. There is no compensatory plan, contract, or arrangement (whether or not written) entered into between the Company and Mr. Caruolo relating to his appointment as the Board’s Chairman.
On June 23, 2022, the Board appointed Gabriel Del Virginia as the Company’s Secretary (replacing Thomas W. Neukranz). Mr. Neukranz will continue in his role as the Company’s Chief Financial Officer. As previously reported in a Form 424B4 filed by the Company on December 22, 2021, Mr. Del Virginia joined the Board on December 20, 2021. There is no compensatory plan, contract, or arrangement (whether or not written) entered into between the Company and Mr. Del Virginia relating to his appointment as the Company’s Secretary.
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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: June 24, 2022
| SAGALIAM ACQUISITION CORP. | ||
| By: | /s/Barry Kostiner | |
| Barry Kostiner | ||
| Chief Executive Officer | ||
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