| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Resignation of Ms. Brittany Lincoln
On August 28, 2023, Brittany Lincoln, Chief Financial Officer of Integral Acquisition Corporation 1 (the “Company”), notified the board of directors of the Company (the “Board”) that she intends to resign her position of the Chief Financial Officer of the Company. Ms. Lincoln will remain in the employ of the Company until August 31, 2023, and will step down as Chief Financial Officer effective as of August 31, 2023. Ms. Lincoln’s resignation did not result from any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Appointment of Mr. Oliver Matlock
On August 30, 2023, the Board appointed Mr. Oliver Matlock, currently a consultant of the Company since December 2022, age 26, to replace Ms. Lincoln as the Company’s new Chief Financial Officer, effective as of September 1, 2023. Mr. Matlock has experience in mergers and acquisitions, capital markets, corporate management and strategy, and financial consulting. Mr. Matlock began his career as an Analyst at Stratford Capital Pty Ltd., a boutique strategic consulting firm, advising clients both domestically and internationally on business strategy, financial planning and analysis, and mergers and acquisitions from April 2019 to September 2021. From October 2021 to December 2022, Mr. Matlock was an Associate at Fresh Equities Pty Ltd., a Melbourne-based fintech company providing capital raising and SaaS services to Australian Stock Exchange listed entities, where he was responsible for leading the investment syndication function of the business and managing the bookbuild process across several transactions.
The Board decided to defer discussing his compensation, and the Company’s compensation committee plans on meeting at a later date to determine the compensation that will be paid to Mr. Matlock for acting as the Chief Financial Officer of the Company.
Mr. Matlock is not a party to any arrangements or understandings with any other person pursuant to which he was appointed to serve as Chief Financial Officer of the Company. There are no family relationships among Mr. Matlock and any other directors or officers of the Company, and there have been no transactions, nor are there any proposed transactions, between the Company and Mr. Matlock that would require disclosure pursuant to Item 404(a) of Regulation S-K.