On Dec 13, Cingulate's Louis G. Van Horn, Chief Financial Officer, Retired From Co, Effective Immediately; Shane Schaffer, Will Serve As Principal Financial Officer Of Company Until A Chief Financial Officer Is Appointed
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Cingulate's CFO Louis G. Van Horn retired effective immediately on Dec 13, as per an SEC filing. Shane Schaffer will serve as the interim Principal Financial Officer until a new CFO is appointed.
December 15, 2023 | 2:00 pm
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Cingulate's CFO Louis G. Van Horn has retired and Shane Schaffer will serve as interim Principal Financial Officer. A search for a new CFO is underway.
The retirement of a CFO is significant but not uncommon. The immediate appointment of an interim officer, Shane Schaffer, may mitigate market concerns over the abrupt change. However, the search for a new CFO introduces uncertainty which could have a neutral impact on the stock price in the short term.
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