STOCK TITAN

[8-K] Aditxt, Inc. Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Federal Agricultural Mortgage Corporation (Farmer Mac) filed a Form 8-K disclosing a leadership change in its finance organization. On 8 July 2025, Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh notified the company she will resign effective 31 July 2025 to pursue another opportunity. The company states the departure is not related to any disagreement over accounting, reporting, internal controls or operations.

The Board has engaged an executive search firm to conduct a nationwide search for a permanent successor. In the interim, beginning 1 August 2025, Gregory N. Ramsey—currently Vice President & Chief Accounting Officer—will assume the role of principal financial officer. Ramsey, 61, has served as Farmer Mac’s principal accounting officer since 2013 and previously filled the interim CFO role from July 2019 to January 2020. No new compensatory arrangements were announced, and the filing reports no related-party transactions.

While a senior-level departure can introduce short-term uncertainty, the appointment of an experienced internal executive and the absence of accounting disputes help contain governance risk. There is no immediate financial impact disclosed, and all other terms of the company’s securities remain unchanged.

Federal Agricultural Mortgage Corporation (Farmer Mac) ha presentato un modulo 8-K comunicando un cambiamento nella leadership della sua organizzazione finanziaria. L'8 luglio 2025, la Vicepresidente Esecutiva e Direttrice Finanziaria (CFO) Aparna Ramesh ha informato la società che si dimetterà con effetto dal 31 luglio 2025 per intraprendere una nuova opportunità lavorativa. L'azienda specifica che la sua uscita non è collegata a disaccordi riguardanti contabilità, rendicontazione, controlli interni o operazioni.

Il Consiglio di Amministrazione ha incaricato una società di ricerca esecutiva di condurre una ricerca nazionale per individuare un successore permanente. Nel frattempo, a partire dal 1° agosto 2025, Gregory N. Ramsey—attualmente Vicepresidente e Chief Accounting Officer—assumerà il ruolo di responsabile finanziario principale. Ramsey, 61 anni, è stato il principale responsabile contabile di Farmer Mac dal 2013 e ha già ricoperto il ruolo di CFO ad interim da luglio 2019 a gennaio 2020. Non sono stati annunciati nuovi accordi compensativi e nella comunicazione non sono riportate transazioni con parti correlate.

Nonostante una partenza a livello senior possa generare incertezza a breve termine, la nomina di un dirigente interno esperto e l'assenza di controversie contabili contribuiscono a contenere il rischio di governance. Non è stato rivelato alcun impatto finanziario immediato e tutte le altre condizioni dei titoli della società rimangono invariate.

Federal Agricultural Mortgage Corporation (Farmer Mac) presentó un Formulario 8-K informando un cambio en el liderazgo de su organización financiera. El 8 de julio de 2025, la Vicepresidenta Ejecutiva y Directora Financiera (CFO) Aparna Ramesh notificó a la empresa que renunciará con efecto al 31 de julio de 2025 para seguir otra oportunidad. La compañía declara que la salida no está relacionada con ningún desacuerdo sobre contabilidad, informes, controles internos u operaciones.

La Junta ha contratado una firma de búsqueda ejecutiva para realizar una búsqueda nacional de un sucesor permanente. Mientras tanto, a partir del 1 de agosto de 2025, Gregory N. Ramsey, actualmente Vicepresidente y Director de Contabilidad, asumirá el papel de director financiero principal. Ramsey, de 61 años, ha sido el principal responsable contable de Farmer Mac desde 2013 y anteriormente desempeñó el cargo de CFO interino de julio de 2019 a enero de 2020. No se anunciaron nuevos acuerdos compensatorios y la presentación no reporta transacciones con partes relacionadas.

Aunque una salida a nivel senior puede generar incertidumbre a corto plazo, el nombramiento de un ejecutivo interno con experiencia y la ausencia de disputas contables ayudan a contener el riesgo de gobernanza. No se ha revelado ningún impacto financiero inmediato y todos los demás términos de los valores de la compañía permanecen sin cambios.

Federal Agricultural Mortgage Corporation (Farmer Mac)이 재무 조직의 리더십 변화를 공시하는 Form 8-K를 제출했습니다. 2025년 7월 8일, 부사장 겸 최고재무책임자(CFO) Aparna Ramesh가 2025년 7월 31일부로 사임하여 다른 기회를 추구할 것임을 회사에 통보했습니다. 회사는 이번 퇴임이 회계, 보고, 내부 통제 또는 운영과 관련된 어떠한 이견과도 무관하다고 밝혔습니다.

이사회는 상임 후임자를 찾기 위해 전국적인 임원 검색 회사를 고용했습니다. 그동안 2025년 8월 1일부터 현재 부사장 겸 최고회계책임자인 Gregory N. Ramsey가 주요 재무 책임자 역할을 맡게 됩니다. 61세인 Ramsey는 2013년부터 Farmer Mac의 주요 회계 책임자로 근무했으며, 2019년 7월부터 2020년 1월까지 임시 CFO 역할도 수행한 바 있습니다. 새로운 보상 계약은 발표되지 않았으며 관련 당사자 거래도 보고되지 않았습니다.

고위급 인사의 퇴임은 단기적인 불확실성을 초래할 수 있으나, 경험 많은 내부 임원의 임명과 회계 분쟁 부재는 거버넌스 위험을 완화하는 데 도움이 됩니다. 즉각적인 재무 영향은 공개되지 않았으며 회사 증권의 다른 조건은 변함이 없습니다.

Federal Agricultural Mortgage Corporation (Farmer Mac) a déposé un formulaire 8-K annonçant un changement de direction dans son organisation financière. Le 8 juillet 2025, la vice-présidente exécutive et directrice financière (CFO) Aparna Ramesh a informé la société qu'elle démissionnerait à compter du 31 juillet 2025 pour saisir une autre opportunité. La société précise que ce départ n’est pas lié à un désaccord concernant la comptabilité, le reporting, les contrôles internes ou les opérations.

Le conseil d’administration a mandaté un cabinet de recrutement de cadres pour mener une recherche nationale d’un successeur permanent. En attendant, à partir du 1er août 2025, Gregory N. Ramsey — actuellement vice-président et directeur comptable — assumera le rôle de directeur financier principal. Ramsey, 61 ans, est le principal responsable comptable de Farmer Mac depuis 2013 et a déjà assuré le rôle de CFO par intérim de juillet 2019 à janvier 2020. Aucun nouvel accord de rémunération n’a été annoncé et le dépôt ne signale aucune transaction avec des parties liées.

Bien qu’un départ à un niveau senior puisse engendrer une incertitude à court terme, la nomination d’un cadre interne expérimenté et l’absence de litiges comptables contribuent à limiter le risque de gouvernance. Aucun impact financier immédiat n’a été divulgué et toutes les autres conditions des titres de la société restent inchangées.

Federal Agricultural Mortgage Corporation (Farmer Mac) hat ein Formular 8-K eingereicht, in dem eine Führungsänderung in der Finanzorganisation bekannt gegeben wird. Am 8. Juli 2025 teilte die Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh dem Unternehmen mit, dass sie zum 31. Juli 2025 zurücktreten wird, um eine andere Gelegenheit wahrzunehmen. Das Unternehmen erklärt, dass der Weggang nicht im Zusammenhang mit Meinungsverschiedenheiten über Buchhaltung, Berichterstattung, interne Kontrollen oder Betrieb steht.

Der Vorstand hat eine Executive-Suchfirma beauftragt, landesweit nach einem dauerhaften Nachfolger zu suchen. Zwischenzeitlich wird ab dem 1. August 2025 Gregory N. Ramsey – derzeit Vice President & Chief Accounting Officer – die Rolle des leitenden Finanzverantwortlichen übernehmen. Ramsey, 61 Jahre alt, ist seit 2013 Farmer Macs leitender Buchhaltungsbeauftragter und hatte bereits von Juli 2019 bis Januar 2020 interimistisch die CFO-Position inne. Es wurden keine neuen Vergütungsvereinbarungen bekannt gegeben, und im Bericht werden keine Transaktionen mit verbundenen Parteien genannt.

Obwohl ein Abgang auf Führungsebene kurzfristige Unsicherheit mit sich bringen kann, trägt die Ernennung eines erfahrenen internen Managers und das Fehlen von Buchhaltungsstreitigkeiten dazu bei, das Governance-Risiko zu begrenzen. Es wurden keine unmittelbaren finanziellen Auswirkungen bekanntgegeben, und alle anderen Bedingungen der Wertpapiere des Unternehmens bleiben unverändert.

Positive
  • Orderly transition: experienced internal executive appointed interim CFO, limiting disruption
  • No accounting disagreements: company affirms resignation unrelated to financial reporting or controls
Negative
  • Leadership turnover: Departure of CFO introduces uncertainty until a permanent successor is found

Insights

TL;DR: CFO exit poses governance risk but orderly transition and experienced interim limit impact; search for permanent CFO underway.

The sudden loss of a sitting CFO is typically viewed as an elevated governance concern because it creates potential gaps in strategic financial oversight and investor communication. However, Farmer Mac mitigates this risk by (1) clarifying that the resignation is voluntary and unrelated to accounting disagreements, (2) appointing a seasoned, internally-groomed executive with prior interim CFO experience, and (3) launching an immediate nationwide search. The absence of new compensation packages or related-party issues keeps cost and compliance exposure low. Overall, I view the development as neutral: investors should monitor the duration of the search and assess whether the next CFO brings strategic value.

TL;DR: Minimal near-term financial impact; watch for guidance changes once permanent CFO is named.

This 8-K is operational rather than financial. There is no guidance revision or balance-sheet implication. Mr. Ramsey’s continuity as chief accounting officer reduces risk to reporting timelines and audit readiness, suggesting Q3 filings remain on schedule. Any material impact will hinge on the profile of the eventual permanent CFO and strategic shifts they might introduce. For now, I classify the disclosure as neutral from a valuation standpoint.

Federal Agricultural Mortgage Corporation (Farmer Mac) ha presentato un modulo 8-K comunicando un cambiamento nella leadership della sua organizzazione finanziaria. L'8 luglio 2025, la Vicepresidente Esecutiva e Direttrice Finanziaria (CFO) Aparna Ramesh ha informato la società che si dimetterà con effetto dal 31 luglio 2025 per intraprendere una nuova opportunità lavorativa. L'azienda specifica che la sua uscita non è collegata a disaccordi riguardanti contabilità, rendicontazione, controlli interni o operazioni.

Il Consiglio di Amministrazione ha incaricato una società di ricerca esecutiva di condurre una ricerca nazionale per individuare un successore permanente. Nel frattempo, a partire dal 1° agosto 2025, Gregory N. Ramsey—attualmente Vicepresidente e Chief Accounting Officer—assumerà il ruolo di responsabile finanziario principale. Ramsey, 61 anni, è stato il principale responsabile contabile di Farmer Mac dal 2013 e ha già ricoperto il ruolo di CFO ad interim da luglio 2019 a gennaio 2020. Non sono stati annunciati nuovi accordi compensativi e nella comunicazione non sono riportate transazioni con parti correlate.

Nonostante una partenza a livello senior possa generare incertezza a breve termine, la nomina di un dirigente interno esperto e l'assenza di controversie contabili contribuiscono a contenere il rischio di governance. Non è stato rivelato alcun impatto finanziario immediato e tutte le altre condizioni dei titoli della società rimangono invariate.

Federal Agricultural Mortgage Corporation (Farmer Mac) presentó un Formulario 8-K informando un cambio en el liderazgo de su organización financiera. El 8 de julio de 2025, la Vicepresidenta Ejecutiva y Directora Financiera (CFO) Aparna Ramesh notificó a la empresa que renunciará con efecto al 31 de julio de 2025 para seguir otra oportunidad. La compañía declara que la salida no está relacionada con ningún desacuerdo sobre contabilidad, informes, controles internos u operaciones.

La Junta ha contratado una firma de búsqueda ejecutiva para realizar una búsqueda nacional de un sucesor permanente. Mientras tanto, a partir del 1 de agosto de 2025, Gregory N. Ramsey, actualmente Vicepresidente y Director de Contabilidad, asumirá el papel de director financiero principal. Ramsey, de 61 años, ha sido el principal responsable contable de Farmer Mac desde 2013 y anteriormente desempeñó el cargo de CFO interino de julio de 2019 a enero de 2020. No se anunciaron nuevos acuerdos compensatorios y la presentación no reporta transacciones con partes relacionadas.

Aunque una salida a nivel senior puede generar incertidumbre a corto plazo, el nombramiento de un ejecutivo interno con experiencia y la ausencia de disputas contables ayudan a contener el riesgo de gobernanza. No se ha revelado ningún impacto financiero inmediato y todos los demás términos de los valores de la compañía permanecen sin cambios.

Federal Agricultural Mortgage Corporation (Farmer Mac)이 재무 조직의 리더십 변화를 공시하는 Form 8-K를 제출했습니다. 2025년 7월 8일, 부사장 겸 최고재무책임자(CFO) Aparna Ramesh가 2025년 7월 31일부로 사임하여 다른 기회를 추구할 것임을 회사에 통보했습니다. 회사는 이번 퇴임이 회계, 보고, 내부 통제 또는 운영과 관련된 어떠한 이견과도 무관하다고 밝혔습니다.

이사회는 상임 후임자를 찾기 위해 전국적인 임원 검색 회사를 고용했습니다. 그동안 2025년 8월 1일부터 현재 부사장 겸 최고회계책임자인 Gregory N. Ramsey가 주요 재무 책임자 역할을 맡게 됩니다. 61세인 Ramsey는 2013년부터 Farmer Mac의 주요 회계 책임자로 근무했으며, 2019년 7월부터 2020년 1월까지 임시 CFO 역할도 수행한 바 있습니다. 새로운 보상 계약은 발표되지 않았으며 관련 당사자 거래도 보고되지 않았습니다.

고위급 인사의 퇴임은 단기적인 불확실성을 초래할 수 있으나, 경험 많은 내부 임원의 임명과 회계 분쟁 부재는 거버넌스 위험을 완화하는 데 도움이 됩니다. 즉각적인 재무 영향은 공개되지 않았으며 회사 증권의 다른 조건은 변함이 없습니다.

Federal Agricultural Mortgage Corporation (Farmer Mac) a déposé un formulaire 8-K annonçant un changement de direction dans son organisation financière. Le 8 juillet 2025, la vice-présidente exécutive et directrice financière (CFO) Aparna Ramesh a informé la société qu'elle démissionnerait à compter du 31 juillet 2025 pour saisir une autre opportunité. La société précise que ce départ n’est pas lié à un désaccord concernant la comptabilité, le reporting, les contrôles internes ou les opérations.

Le conseil d’administration a mandaté un cabinet de recrutement de cadres pour mener une recherche nationale d’un successeur permanent. En attendant, à partir du 1er août 2025, Gregory N. Ramsey — actuellement vice-président et directeur comptable — assumera le rôle de directeur financier principal. Ramsey, 61 ans, est le principal responsable comptable de Farmer Mac depuis 2013 et a déjà assuré le rôle de CFO par intérim de juillet 2019 à janvier 2020. Aucun nouvel accord de rémunération n’a été annoncé et le dépôt ne signale aucune transaction avec des parties liées.

Bien qu’un départ à un niveau senior puisse engendrer une incertitude à court terme, la nomination d’un cadre interne expérimenté et l’absence de litiges comptables contribuent à limiter le risque de gouvernance. Aucun impact financier immédiat n’a été divulgué et toutes les autres conditions des titres de la société restent inchangées.

Federal Agricultural Mortgage Corporation (Farmer Mac) hat ein Formular 8-K eingereicht, in dem eine Führungsänderung in der Finanzorganisation bekannt gegeben wird. Am 8. Juli 2025 teilte die Executive Vice President & Chief Financial Officer (CFO) Aparna Ramesh dem Unternehmen mit, dass sie zum 31. Juli 2025 zurücktreten wird, um eine andere Gelegenheit wahrzunehmen. Das Unternehmen erklärt, dass der Weggang nicht im Zusammenhang mit Meinungsverschiedenheiten über Buchhaltung, Berichterstattung, interne Kontrollen oder Betrieb steht.

Der Vorstand hat eine Executive-Suchfirma beauftragt, landesweit nach einem dauerhaften Nachfolger zu suchen. Zwischenzeitlich wird ab dem 1. August 2025 Gregory N. Ramsey – derzeit Vice President & Chief Accounting Officer – die Rolle des leitenden Finanzverantwortlichen übernehmen. Ramsey, 61 Jahre alt, ist seit 2013 Farmer Macs leitender Buchhaltungsbeauftragter und hatte bereits von Juli 2019 bis Januar 2020 interimistisch die CFO-Position inne. Es wurden keine neuen Vergütungsvereinbarungen bekannt gegeben, und im Bericht werden keine Transaktionen mit verbundenen Parteien genannt.

Obwohl ein Abgang auf Führungsebene kurzfristige Unsicherheit mit sich bringen kann, trägt die Ernennung eines erfahrenen internen Managers und das Fehlen von Buchhaltungsstreitigkeiten dazu bei, das Governance-Risiko zu begrenzen. Es wurden keine unmittelbaren finanziellen Auswirkungen bekanntgegeben, und alle anderen Bedingungen der Wertpapiere des Unternehmens bleiben unverändert.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

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 8, 2025

 

Aditxt, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-39336   82-3204328
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer
Identification No.)

 

2569 Wyandotte Street, Suite 101, Mountain View, CA   94043
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (650) 870-1200

 

N/A

(Former name or former address, if changed since last report)

 

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:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425 )
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
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:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, par value $0.001   ADTX   The Nasdaq Stock Market LLC

 

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 7.01 Regulation FD Disclosure.

 

On July 8, 2025, Amro Albanna, the Chief Executive Officer of Aditxt, Inc. (the “Company”), presented at Wall Street Reporter’s Next Super Stock livestream event. A copy of the transcript of the presentation is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

The information contained in this item, including that incorporated by reference, is being furnished to the Securities and Exchange Commission. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section. The information shall not be deemed incorporated by reference into any registration statement or other document filed pursuant to the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

 

Cautionary Note on Forward-Looking Statements

 

This Current Report on Form 8-K contains certain forward-looking statements within the meaning of the “safe harbor “provisions under the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts contained in this Current Report on Form 8-K, including statements regarding the Company’s future results of operations and financial position are forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “target,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K, and on the current expectations of the management team of the Company and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company.

 

These forward-looking statements are subject to a number of risks including, but not limited to, the following risks: (1) the risk that the Company’s currently proposed transaction with Evofem may not be completed in a timely manner or at all, which may adversely affect the price of the Company’s securities; (2) the failure to satisfy the conditions to the closing of the transaction with Evofem, including the approval by the stockholders of Evofem; (3) the ability to realize the anticipated benefits of the proposed transaction with Evofem; and (4) other risks and uncertainties indicated from time to time in the Company’s public filings with the SEC. If any of these risks materialize or the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 and other documents we filed, or will file with the SEC. There may be additional risks that the Company does not presently know, or that the Company currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this Current Report on Form 8-K. The Company anticipates that subsequent events and developments will cause the Company’s assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaim any obligation to do so, except as otherwise required by law. These forward-looking statements should not be relied upon as representing the Company’s assessments of any date subsequent to the date of this Current Report on Form 8-K. Accordingly, undue reliance should not be placed upon the forward-looking statements.

 

Disclaimer:

 

The information contained in the transcript furnished as Exhibit 99.1 is a textual representation of an audio recording of the event and while efforts are made to provide an accurate transcription, there may be material errors, omissions or inaccuracies in the reporting of the substance of the audio recording. The Company does not assume any responsibility for any investment or other decisions made based upon the information provided in this transcript. Users are advised to review the audio recording and the Company’s SEC filings before making any investment or other decisions. An archived recording of the event will be available for 30 days on the “Investor Relations” section of the Company’s website at www.aditxt.com.

 

-1-

 

 

Item 9.01 Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit No.   Exhibit
99.1   Transcript of Wall Street Reporter’s Next Super Stock livestream event – July 8, 2025
104   Cover Page Interactive Data File (embedded within the XBRL document)

 

-2-

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: July 10, 2025

 

  Aditxt, Inc.
     
  By: /s/ Amro Albanna
  Name: Amro Albanna
  Title: Chief Executive Officer

 

-3-

 

FAQ

Why did Federal Agricultural Mortgage Corporation (AGM) CFO Aparna Ramesh resign?

The 8-K states that Ms. Ramesh resigned effective 31 July 2025 to pursue another opportunity and that her departure is not related to accounting or operational disagreements.

Who is replacing the AGM CFO on an interim basis?

Gregory N. Ramsey, the company’s Vice President & Chief Accounting Officer, will assume CFO duties starting 1 August 2025.

Does the CFO change affect Farmer Mac’s financial reporting?

The filing indicates no impact on accounting practices or internal controls; Ramsey has served as principal accounting officer since 2013 and previously acted as interim CFO.

Is Farmer Mac (AGM) offering additional compensation to the interim CFO?

No. The company disclosed that no new compensatory arrangement was entered into in connection with Mr. Ramsey’s appointment.

When will Farmer Mac appoint a permanent CFO?

The Board has hired an executive search firm and will conduct a nationwide search, but no specific timeline was provided.
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