Nocopi COO Terry Stovold resigns effective Oct 1, 2026; stays as non-executive through July 1, 2029

NOCOPI TECHNOLOGIES INC/MD/

Terry Stovold resigned as Nocopi Technologies COO effective October 1, 2026, per a September 30, 2026 letter agreement.
He will remain a non-executive employee from October 2, 2026 through July 1, 2029, receiving $8,000 per month plus medical and dental benefits.
At transition end, Stovold is entitled to a $90,000 lump sum, conditioned on a general release; if terminated without Cause, he still gets it.
Non-compete and non-solicit obligations are extended to two years from July 1, 2029, or earlier termination; the 2011 employment agreement otherwise remains in effect.
Nocopi's board expects to fill the COO vacancy but has not appointed a successor; CEO Matthew C. Winger signed the filing.

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