Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

ShiftPixy director resigns over COO termination dispute

EditorNatashya Angelica
Published 03/21/2024, 04:48 PM
Updated 03/21/2024, 04:48 PM
© Reuters.

ShiftPixy, Inc. (NASDAQ:PIXY), a workforce management service provider, announced the resignation of board member Amanda Murphy, effective immediately. Murphy, who also recently served as the company's Chief Operating Officer, stepped down on Monday, citing disagreements over the circumstances surrounding her termination from the executive role.

The company's SEC filing revealed that Murphy's departure from the board was directly linked to a dispute regarding the rationale provided by ShiftPixy for her termination as COO. Details of the disagreement were disclosed in a letter attached to the filing, which marks her exit from both her operational and directorial duties within the company.

Murphy's resignation comes at a time when ShiftPixy has not identified her as a member of any key committees, such as the audit, compensation, or nominating and corporate governance committees. The company has not indicated any immediate plans for replacing her on the board or in the COO position.

ShiftPixy has not released further details about the nature of the disagreement or the content of the termination discussions. The company's statement, based on the 8-K filing, does not elaborate on the implications of Murphy's departure for its operations or strategic direction.

The announcement is a matter of public record, as the information is based on the recent SEC filing. Investors and stakeholders of ShiftPixy are advised to refer to the company's official disclosures for additional details regarding the change in leadership and board composition.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.