Two Solana Company directors not standing for re-election; board expands to nine with new appointees

Solana Co

Sherrie Perkins and Paul Buckman will not stand for re-election at May 21, 2026 annual meeting; no disagreement cited.
Board increased from 7 to 9 members; Michel Lee and Sergio Mello appointed effective immediately.
Michel Lee, co-founder of Cybertech Partners and Hashkey Group, has 25+ years in investment banking.
Sergio Mello, global head of stablecoin solutions at Anchorage Digital, is a serial entrepreneur with web3 experience.
New directors will receive standard non-employee director compensation and indemnification agreements.

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