Filing Analysis
🚪 Officer Departure
Filed Jun 09, 2026
⚪ LOW
CSP Inc. announced the departure of Michael Newbanks, Vice President of Finance and Chief Accounting Officer, effective June 5, 2026. Mr. Newbanks had remained in his role temporarily to facilitate the transition of his responsibilities to Eric Sachs.
📋 Key Facts
- Michael Newbanks departed as VP of Finance and CAO on June 5, 2026.
- Mr. Newbanks served as CAO since July 2017 and as Controller of the Modcomp subsidiary since May 2003.
- The role has been transitioned to Eric Sachs.
- Mr. Newbanks will continue to provide consulting services to the company post-departure.
📢 Regulation FD Disclosure
Filed May 07, 2026
⚪ LOW
CSP Inc. announced its financial results for the second quarter of fiscal year 2026, which ended on March 31, 2026. The disclosure was made via a press release attached as an exhibit to the filing.
📋 Key Facts
- The filing reports financial results for the second quarter ended March 31, 2026.
- The report was filed under Item 2.02 (Results of Operations and Financial Condition).
- The press release was issued on May 7, 2026.
- Gary W. Levine, CFO, signed the report.
🚪 Officer Departure
Filed Mar 16, 2026
⚪ LOW
CSP Inc. announced a leadership transition for its Chief Accounting Officer role and the appointment of a new director with cybersecurity expertise. Michael Newbanks will resign as CAO on May 15, 2026, and will be succeeded by Eric Sachs, while James J. LaBonty joins the Board of Directors.
📋 Key Facts
- Michael Newbanks, VP of Finance and CAO, is resigning effective May 15, 2026, after serving as CAO since 2017.
- Eric Sachs is appointed as the new VP and CAO, starting March 23, 2026, to transition into the role by May 15, 2026.
- Eric Sachs will receive an annual base salary of $195,000, a 30% bonus target, and 8,000 shares of restricted stock vesting over four years.
- James J. LaBonty, CEO of OT Cyber Specialists and former Pfizer Director, was appointed to the Board of Directors on March 10, 2026.
- The company stated there were no disagreements with Mr. Newbanks regarding operations, policies, or practices.
Disclaimer: This analysis is generated by AI and is for informational purposes only.
It does not constitute financial advice, investment recommendations, or an offer to buy or sell securities.
Always review the original SEC filings and consult a financial advisor before making investment decisions.