---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-366182"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2021-12-23T23:59:59+00:00"
generated_at: "2026-06-27T22:30:47.612494+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma extends CFO Brian Drazba's retirement to June 30, 2022

## Summary
- CFO Brian Drazba's employment extended to June 30, 2022, under amended retirement agreement.
- Mr. Drazba eligible for $414,140 severance (12 months' base salary) if he leaves other than for cause.
- Outstanding stock options will vest as if employment continued through first anniversary of retirement date; exercise period extended to one year post-retirement.
- Accelerated vesting and exercise benefits contingent on signing release and complying with restrictive covenants.

## SEC filing metadata
- accession: 0001193125-21-366182
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2021-12-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000119312521366182/0001193125-21-366182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000119312521366182/d275307d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-366182
- JSON: https://secwatch.observer/filing/0001193125-21-366182.json
- Plain text: https://secwatch.observer/filing/0001193125-21-366182.txt

## Key facts
- Executive change
  Brian G. Drazba departed as Chief Financial Officer at Lite Strategy, Inc..
  - Action: retirement
  - Role: Chief Financial Officer
  source text: On December 21, 2021, Mr. Drazba and the Company mutually agreed to extend the term of Mr. Drazba’s employment to June 30, 2022 (or an earlier date determined by either party), pursuant to a letter agreement dated December 21, 2021 (the “Letter Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312521366182/0001193125-21-366182-index.htm

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