---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-072254"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2023-06-16T23:59:59+00:00"
generated_at: "2026-06-13T22:28:33.865074+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# XWELL CFO hire does not proceed; interim CFO continues with RSU grant

## Summary
- Valerie Lightfoot's employment as CFO did not commence as planned on June 12, 2023.
- Company decided to move in a different direction for permanent CFO search.
- Omar A. Haynes continues as Interim CFO and principal financial/accounting officer.
- Haynes receives one-time grant of 100,000 RSUs vesting quarterly over one year.
- RSU vesting starts Q3 2023, fully vested by June 30, 2024, subject to continuous service.

## SEC filing metadata
- accession: 0001104659-23-072254
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2023-06-16T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465923072254/0001104659-23-072254-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465923072254/tm2318866d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-072254
- JSON: https://secwatch.observer/filing/0001104659-23-072254.json
- Plain text: https://secwatch.observer/filing/0001104659-23-072254.txt

## Key facts
- Executive change
  Valerie Lightfoot departed as Chief Financial Officer at XWELL, Inc..
  - Action: did not commence
  - Role: Chief Financial Officer
  source text: the employment of Valerie Lightfoot as the Company’s Chief Financial Officer did not commence on June 12, 2023, as previously announced.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465923072254/0001104659-23-072254-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.