COG Financial Services (ASX:COG) said Patrick Tuttle will resign as chair of its board, according to a Wednesday Australian bourse filing.
The company appointed Tony Robinson to succeed as non-executive chairman, the filing added.
Robinson was involved with the company's growth and sales through the takeover of PSC Insurance Group and is currently a shareholder of the company.
It proposed to grant each of Tony Robinson 2.5 million unlisted options, with an exercise price of AU$1.30, expiring March 31, 2028, subject to shareholder approval.
The company's shares rose 16% in recent Thursday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.