UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): July 14, 2023 (
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 11, 2023, Tiedemann Advisors, LLC, a subsidiary of AlTi Global, Inc. (together with its affiliates, the “Company”), entered into a separation agreement (the “Separation Agreement”) with Christine Zhao in connection with her previously announced resignation as the Company’s Chief Financial Officer. Under the terms of the Separation Agreement, Ms. Zhao will receive an aggregate severance payment of $805,000 consisting of individual lump sum payments made pursuant to a set schedule with the first payment to be made within 30 days of the effectiveness of the Separation Agreement and the final payment to be made no later than February 15, 2026. The Company will pay the cost of Ms. Zhao’s COBRA health insurance premiums for a period beginning on July 1, 2023 and ending the earlier of (i) June 30, 2024 or (ii) the date on which Ms. Zhao becomes eligible for group health coverage from another employer. The Separation Agreement also contains confidentiality and non-disparagement covenants and a general release of claims by Ms. Zhao, as well as an obligation on the part of the Company to instruct certain directors, officers and others not to disparage Ms. Zhao. The confidentiality and non-disparagement covenants and instruction are subject to customary exceptions. As required by applicable law, the Separation Agreement permits Ms. Zhao to revoke the Separation Agreement for a period of seven days, which seven-day period will expire on July 18, 2023.
The foregoing summary of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the Separation Agreement, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
The following exhibits are being filed herewith:
| Exhibit No. |
Description | |
| 10.1 | Separation Agreement, dated July 11, 2023, by and between Tiedemann Advisors, LLC and Christine Zhou | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL Document) | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: July 14, 2023 | ALTI GLOBAL, INC. | |||||
| /s/ Colleen Graham | ||||||
| Name: Colleen Graham | ||||||
| Title: Global General Counsel | ||||||