---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-048625"
form_type: "8-K"
ticker: "HSDT"
cik: "0001610853"
company_name: "Solana Co"
filed_at: "2026-04-24T23:59:59+00:00"
generated_at: "2026-05-15T04:12:17.510949+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-048625
- form_type: 8-K
- ticker: HSDT
- cik: 0001610853
- company_name: Solana Co
- filed_at: 2026-04-24T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1610853/000110465926048625/0001104659-26-048625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1610853/000110465926048625/hsdt-20260422x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-048625
- JSON: https://secwatch.observer/filing/0001104659-26-048625.json
- Plain text: https://secwatch.observer/filing/0001104659-26-048625.txt

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