Ade Irawan named NusaTrip (NASDAQ: NUTR) COO on three-year contract
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
NusaTrip Incorporated reported a leadership change in its operations team. Albert Nicolas resigned as Chief Operating Officer, effective May 13, 2026, with the company stating his departure was not due to any disagreement with management, operations, policies, or practices.
On the same date, the company appointed long‑time employee Ade Irawan as its new Chief Operating Officer under a three‑year employment agreement. Irawan brings more than 17 years of experience in aviation, travel operations, and digital travel technology and has held progressively senior roles at NusaTrip since 2019.
Under his agreement, Irawan will receive an annual base salary of $26,000 and will be eligible for the company bonus plan. The company noted that he has no disclosable family relationships with directors or executives and no material related‑party transactions requiring disclosure under Regulation S‑K Item 404(a).
Positive
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Negative
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8-K Event Classification
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
1 item
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Key Figures
COO start date: May 13, 2026
Prior COO resignation date: May 13, 2026
COO base salary: $26,000 per year
+3 more
6 metrics
COO start date
May 13, 2026
Effective date of Ade Irawan’s appointment as COO
Prior COO resignation date
May 13, 2026
Effective date of Albert Nicolas’s resignation as COO
COO base salary
$26,000 per year
Annual base salary for Ade Irawan under COO Employment Agreement
COO contract term
3 years
Length of Ade Irawan’s employment agreement from May 13, 2026
Leadership experience
Over 17 years
Irawan’s experience in aviation, travel operations, and digital travel technology
NusaTrip exchange listing
The Nasdaq Stock Market LLC
Listing venue for NusaTrip common stock (symbol NUTR)
Key Terms
Chief Operating Officer, employment agreement, annual base salary, Emerging Growth Company, +1 more
5 terms
Chief Operating Officer financial
"Albert Nicolas tendered his resignation from his position as Chief Operating Officer of NusaTrip Incorporated"
A chief operating officer (COO) is a senior executive responsible for overseeing the day-to-day activities of a company, ensuring that all parts of the organization work smoothly and efficiently. They often act like a company's operational quarterback, translating strategic plans into practical actions. For investors, the COO's effectiveness can influence a company's performance and stability, making them an important figure in assessing the company's management strength.
employment agreement financial
"the Company entered into an employment agreement with Mr. Irawan (the “COO Employment Agreement”)"
annual base salary financial
"Mr. Irawan will be entitled to an annual base salary of $26,000"
Emerging Growth Company regulatory
"Emerging Growth Company Redesignation of Officers"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Regulation S-K regulatory
"any transaction required to be disclosed under Item 404(a) of Regulation S-K"
A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.
FAQ
What executive change did NusaTrip (NUTR) announce on May 13, 2026?
NusaTrip announced that Chief Operating Officer Albert Nicolas resigned effective May 13, 2026. On the same day, the company appointed long‑time executive Ade Irawan as the new COO, ensuring continuity in leadership over its commercial and operational functions.
Who is the new Chief Operating Officer of NusaTrip (NUTR)?
NusaTrip appointed Ade Irawan as Chief Operating Officer effective May 13, 2026. He has over 17 years of leadership experience in aviation, travel operations, and digital travel technology and has held multiple commercial and operational roles at NusaTrip since joining the company in 2019.
What are the key terms of NusaTrip COO Ade Irawan’s employment agreement?
Ade Irawan’s employment agreement runs for three years from May 13, 2026, with an annual base salary of $26,000. He is also eligible to participate in NusaTrip’s company bonus plan, aligning his compensation with the firm’s performance and incentive structure.
Did NusaTrip indicate any disagreement behind the COO resignation?
NusaTrip stated that COO Albert Nicolas’s resignation was not the result of any disagreement with the company. This includes no disagreement regarding its management, operations, policies, or practices, suggesting a routine leadership transition rather than a conflict‑driven departure.
What experience does NusaTrip COO Ade Irawan bring to the role?
Ade Irawan brings more than 17 years of leadership experience across aviation, travel operations, and digital travel technology. At NusaTrip, he has served in roles including Quality Monitoring & Trainer, Business Development, and Commercial Manager, giving him broad familiarity with the company’s operations.