CSP Inc. CAO Michael Newbanks departs June 5; Eric Sachs assumes role

CSP INC /MA/

Michael Newbanks left as VP Finance and Chief Accounting Officer on June 5, 2026.
Departure not due to any disagreement with the company or board.
Eric Sachs named as successor; Newbanks assisted in transition.
Newbanks to provide consulting services following departure.
Newbanks had served as CAO since July 2017; previously controller of Modcomp.

item 5.02

Executive movements

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Appointed

Eric Sachs

Chief Accounting Officer

CSPI · CSP INC /MA/

Effective: 2026-06-05
Filed: June 9, 2026, 11:42 AM ET

The Company had extended his position to assist in the transfer of his role to Eric Sachs.

Departed

Michael Newbanks

Vice President of Finance and Chief Accounting Officer

CSPI · CSP INC /MA/

Effective: 2026-06-05
Successor: Eric Sachs
Filed: June 9, 2026, 11:42 AM ET

On June 5, 2026, Mr. Newbanks, Vice President of Finance and Chief Accounting Officer of CSP Inc. (the “ Company ”) left his position.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

Eric Sachs was appointed as Chief Accounting Officer at CSP INC /MA/.

Action: appointed
Role: Chief Accounting Officer

Exact text from the filing

The Company had extended his position to assist in the transfer of his role to Eric Sachs.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael Newbanks departed as Vice President of Finance and Chief Accounting Officer at CSP INC /MA/.

Action: left
Role: Vice President of Finance and Chief Accounting Officer

Exact text from the filing

On June 5, 2026, Mr. Newbanks, Vice President of Finance and Chief Accounting Officer of CSP Inc. (the “ Company ”) left his position.

View on SEC.gov

CSP INC /MA/ filing history →

Source: SEC EDGAR

accession 0000356037-26-000033

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