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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): May 28, 2025
Commission File Number 001-39223
SADOT GROUP INC.
(Exact name of small business issuer as specified in its charter)
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Nevada |
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47-2555533 |
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification No.)
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295 E. Renfro Street, Suite 209, Burleson Texas 76028
(Address of principal executive offices)
(832) 604-9568
(Issuer’s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of each class |
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Trading Symbol |
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Name of each exchange on which registered |
Common Stock, $0.0001 par value |
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SDOT |
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The Nasdaq Stock Market |
Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 28, 2025, Sadot Group Inc. (the “Company”) appointed Chagay Ravid as the Chief Executive Officer. Mr. Ravid will succeed Catia Jorge who was serving at the Chief Executive Officer through June 1, 2025. David Hanna was to become Interim Chief Executive Officer effective June 2, 2025, but will now remain with the Company and lead the Sadot Canada subsidiary and assist in global trade operations.
Mr. Ravid has over three decades of experience in global finance, investment banking, and strategic advisory roles. From December 2022 to December 2024, Mr. Ravid served as the Chief Financial Officer of Seamless Group Inc. (NASDAQ: CURR), where he was instrumental in preparing and approving SEC filings, including S-4, S-1, and Super 8-K forms, as well as interfacing with boards and negotiating promissory notes and investment bank agreements in connection with a de-SPAC transaction. Prior to that, Mr. Ravid was the CEO of Cukierman & Company Investment House Ltd., one of Israel’s leading cross-border advisory firms, from 2006 to 2022. During his tenure, he led strategic M&A transactions and capital raises totaling over $5 billion, managed multi-sector departments including TMT, Fintech, Healthcare, and Energy, and lived in Shanghai from 2015 to 2018 to oversee the firm’s China operations. His leadership included organizing major investment conferences in Shanghai, Hong Kong, Foshan, and Jinan, and he was honored as an Honorary Citizen of Changzhou in 2015 for his role in developing a technology park. Earlier in his career, Mr. Ravid held executive and partnership roles at MBI in Tel Aviv, Twin Triangle Financial in Los Angeles, and served as a loan officer and credit committee member at Bank Leumi’s Los Angeles office. He holds an MBA from Rutgers University and a Bachelor’s degree from the Hebrew University.
Mr. Ravid is the Director and a shareholder of Newton Incorporation Limited which was engaged for investor relations purposes by the Company. Other than as disclosed herein, there are no arrangements or understandings between Mr. Ravid and any other person pursuant to which Mr. Ravid was selected as an officer of the Company and Mr. Ravid has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. Mr. Ravid does not have any family relationship with any director or executive officer of the Company.
On May 28, 2025, the Company entered into an Employment Agreement with Mr. Ravid. During the term of the Employment Agreement, Mr. Ravid will serve as Chief Executive Officer of the Company and will be entitled to a base salary at the annualized rate of $200,000. Mr. Ravid will receive a one-time grant of $100,000 in restricted stock grants vesting in four equal quarterly installments. The restricted stock grant vests quarterly over one year in equal quarterly installments commencing October 1, 2025 which will be priced as of the start date. If Mr. Ravid is terminated by the Company for any reason other than cause Mr. Ravid will be entitled to a severance package of 12 months of salary.
The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the employment agreements attached to this Form 8-K Current Report as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
(d)Index of Exhibits
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| Exhibit No. |
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Description |
| 10.1 |
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| 99.1 |
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| 104 |
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Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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SADOT GROUP INC. |
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By: |
/s/ Catia Jorge |
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Name: |
Catia Jorge |
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Title: |
Chief Executive Officer |
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| Date: May 29, 2025 |
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EX-10.1
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haggairavidagreement5282.htm
EX-10.1
haggairavidagreement5282
EX-99.1
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ex-99116.htm
EX-99.1
Document
Exhibit 99.1
Sadot Group Inc. Announces Appointment of Chagay Ravid as New Chief Executive Officer
BURLESON, TX / ACCESS NEWSWIRE / May 29, 2025 / Sadot Group Inc. (Nasdaq: SDOT) ("Sadot Group", "Sadot" or the "Company"), today announced the appointment of Mr. Chagay Ravid as its new Chief Executive Officer, effective May 28, 2025. Mr. Ravid will report to the Board of Directors and lead Sadot’s strategic initiatives, global operations, and business growth efforts.
Mr. Ravid brings a wealth of experience in capital markets having led for 15 years the most active mid market investment bank in Israel www.cukierman.co.il. Mr. Ravid was engaged in over $10 billion transaction values, most of which were tech driven and across different continents. A notable investment of Cukierman's PE Fund was into Mobileye in 2010 which was acquired by Intel for $15B in 2017. In 2023 Mr. Ravid joined Seamless Group, the Asian Fintech Remittance target company of the IFIN spac, as CFO. He guided Seamless through the de spac process between 2023 and 2024 culminating in a Nasdaq listing. Mr. Ravid will leverage his technology background to identify opportunities which are compatible with Sadot’s core commodities business.
Mr. Ravid has held senior executive positions including CFO and CEO in both publicly traded organizations and investment banking. Mr. Ravid has extensive experience in global business operations with a focus on M&A activities, cross-border transactions and financial planning & analysis.
“Chagay’s experience in both technology and finance brings a unique combination of skills to Sadot that go beyond the commodity trades and food supply chain business,” said Stephen Spanos, Sadot Group Board Member and Chair of the Audit Committee. “Sadot has extensive experience in global commodity trading and the overall food supply chain, bringing in Chagay adds a new approach and skillset that the company should benefit from moving forward.”
Mr. Ravid added, “I am pleased to join the Company as CEO, bringing my experience in technology, M&A and cross border transactions. My objective is to work with the Sadot team and bring new and different angles into the group. Sadot has the expertise in commodity trading and the food supply chain throughout its various entities. With AI having such a profound impact on our daily lives, we will review AI and tech opportunities connected to commodities which can help the company grow in multiple ways.”
Mr. David Hanna, who was to become Interim Chief Executive Officer effective June 2, 2025, will remain with the Company and lead the Sadot Canada subsidiary and assist in global trade operations.
Mr. Ravid holds a bachelor’s degree from Hebrew University and a master’s degree from Rutgers University.
About Sadot Group Inc.
Sadot Group Inc. has rapidly established itself as an emerging player in the global food supply chain. Sadot Group provides innovative and sustainable supply chain solutions that address the world's growing food security challenges.
Sadot Group currently operates within key verticals of the global food supply chain including global agri-commodity origination and trading operations for food/feed products such as soybean meal, wheat and corn, and farm operations producing grains and tree crops in Southern Africa.
Sadot Group connects producers and consumers across the globe, sourcing agri-commodity products from producing geographies such as the Americas, Africa and the Black Sea and delivering to markets in Southeast Asia, China and the Middle East/North Africa region.
Sadot Group is headquartered in Burleson, Texas with subsidiary operations throughout the United States, Brazil, Canada, Colombia, India, Israel, South Korea, Singapore, Ukraine, United Arab Emirates and Zambia. For more information, please visit www.sadotgroupinc.com.
Forward-Looking Statements
This press release may include "forward-looking statements" pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products, or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as "should", "may," "intends," "anticipates," "believes," "estimates," "projects," "forecasts," "expects," "plans," and "proposes." Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading "Risk Factors" and elsewhere in documents that we file from time to time with the SEC. Forward-looking statements speak only as of the date of the document in which they are contained, and Sadot Group, Inc., does not undertake any duty to update any forward-looking statements except as may be required by law.
Investor Relations:
E - IR@sadotco.com