Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Officer
On February 3, 2023, the board of directors of FG Merger Corp. (the "Company"),
announced that Emily Torres has resigned her position of Chief Financial Officer
of the Company, effective February 17, 2023.
Appointment of Officer
Effective February 17, 2023, the board of directors of the Company has appointed
Mark Penway as Chief Financial Officer, filling the vacancy that will be left by
Ms. Torres. Mark Penway, 32, has ten years of experience in a variety of
accounting roles, primarily focusing on financial reporting and analysis for
publicly traded companies in the financial services and insurance space. Mr.
Penway has served as the Director of Accounting of FG Financial Group, Inc.
(NASDAQ: FGF) (formerly known as 1347 Property Insurance Holdings, Inc.), which
operates as a reinsurance and asset management holding company, since September
2021. From February 2021 to September 2021, Mr. Penway held the position of
Senior Financial Analyst at Kemper Corporation (NYSE: KMPR). From June 2019 to
February 2021, and from May 2013 to August 2018, Mr. Penway held accounting
positions at Kingsway Financial Services Inc. (NYSE: KFS), most recently as
Senior Accounting Analyst. His previous experience also includes the position of
Senior Accountant at Arthur J. Gallagher (NYSE: AJE), which he held from August
2018 to June 2019. Mr. Penway obtained his Bachelor's degree in Accounting from
Loyola University Chicago in 2013.
There are no arrangements or understandings between Mr. Penway and any other
person pursuant to which he was selected as the Chief Financial Officer. There
are no family relationships between Mr. Penway and any director or executive
officer of the Company. Mr. Penway does not have any direct or indirect material
interest in any transaction required to be disclosed pursuant to Item 404(a) of
Regulation S-K.
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