Benzinga | Oct 28, 2021 04:49PM EDT

Alfi 8-K Shows Co. Placed Its Pres, CEO, Paul Pereira, CFO, Treasurer, Dennis McIntosh, Chief Technology Officer, Chalres Pereira On Paid Admin. Leave, Authorized Independent Internal Investigation Related To Corporate Transactions, Other Matters

On October 22, 2021, the Board of Directors (the "Board") of Alfi, Inc. (the "Company") placed each of Paul Pereira, the Company's President and Chief Executive Officer, Dennis McIntosh, the Company's Chief Financial Officer and Treasurer, and Charles Pereira, the Company's Chief Technology Officer, on paid administrative leave and authorized an independent internal investigation regarding certain corporate transactions and other matters.



On October 22, 2021, the Board elected Peter Bordes, a current member of the Board, to serve as interim Chief Executive Officer. In connection therewith, Mr. Bordes will be the Company's principal executive officer. The Board will determine Mr. Bordes's compensation for serving in such position at a later date.



Mr. Bordes, age 58, is a lifelong entrepreneur with a 30 plus year career as a founder, CEO, investor and board member in private and public companies focused in media, ad tech, technology, finance and venture investing focused on disruptive innovation. Since March 2012, Mr. Bordes has been a managing partner at Trajectory Capital, investing in disruptive innovation driving global transformation from Seed thru IPO stages. From May 2019 to October 2020, Mr. Bordes was CEO of Kubient (NASDAQ:KBNT), a cloud advertising platform with artificial intelligence ad fraud prevention, that he led from a private company through an IPO, and he currently serves on Kubient's Board of Directors. Mr. Bordes also serves on the Board of Directors of Beasley Media (NASDAQ:BBGI), chairing its Media Digital Transformation Committee, and on the Board of Directors of MediaJel, fraud.net and Hoo.be and as Vice Chairman of Ocearch. He is a co-founder and serves on the Board of Directors of TruVest and MainBloq. Prior to forming Trajectory Capital, Mr. Bordes was a co-founder and the CEO and Chairman of MediaTrust, an RTB performance marketing ad exchange, which was the ninth fastest growing company in the United States under his leadership. Before founding MediaTrust, Mr. Bordes was a managing partner of Mason Cabot, an early stage tech investment bank. He is a member of the Board of Trustees of the Brooklyn Music School and New England College. Mr. Bordes earned his bachelor's degree in Communication, Business and Media Studies from New England College. Additional information concerning Mr. Bordes can be found in the Company's Registration Statement on Form S-1 (No. 333-251959), as amended by Amendment No. 7 thereto filed with the Securities and Exchange Commission on April 26, 2021, under the sections "Management -- Directors -- Peter Bordes", "Use of Proceeds" and "Certain Relationships and Related Party Transactions -- Bridge Loans", and such information is incorporated into this Item 5.02 by reference.



On October 22, 2021, the Board elected James Lee, a current member of the Board, to serve as Chairman of the Board, replacing Mr. P. Pereira in such role. Mr. Lee has decades of experience running public and private aerospace companies. He is the founder, President and Chief Executive Officer of Lee Aerospace, Inc., a transparency manufacturer for the aerospace industry since 1987.



On October 27, 2021, the Board appointed David Gardner, the Company's Vice President of Technology, to serve as the Company's Chief Technology Officer effective immediately, replacing Mr. C. Pereira in such role. The Board has not determined to make any changes to Mr. Gardner's compensation at this time. Mr. Gardner, age 47, served as the Company's Vice President of Technology since October 4, 2021. From April 2019 through September 2021, Mr. Gardner served as a Director-level Architect at Lenovo Group Limited, a multinational technology company specializing in designing, manufacturing and marketing consumer electronics, personal computers, software, business solutions and related services. At Lenovo, Mr. Gardner had global responsibility for Lenovo's Digital Transformation Office, including leading efforts to design, deploy and modernize global sales and marketing architecture and processes, and he provided architecture oversight with the Enterprise Architecture Team and data system architecture, modeling and governance processes support. From May 2015 to April 2019, Mr. Gardner served as a Senior Director, Client Partner and Global Architect at Sogeti, the Technology and Engineering Services Division of Capgemini. The Sogeti Group is an information technology consulting company specializing in local professional services. At Sogeti, Mr. Gardner oversaw the activities of the digital transformation and software development and cloud practices, handled both technical and business client relationships, and was responsible for building and growing various accounts.



On October 28, 2021, Mr. C. Pereira's employment with the Company was terminated.