---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-166013"
form_type: "8-K"
ticker: "LITS"
cik: "0001262104"
company_name: "Lite Strategy, Inc."
filed_at: "2023-06-13T23:59:59+00:00"
generated_at: "2026-06-14T01:51:40.918320+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma Appoints Jay File as EVP Finance, to Become CFO; Brian Drazba to Depart

## Summary
- Jay File appointed EVP Finance effective June 12, 2023, with base salary $450,000 and target bonus 40%.
- Brian Drazba's tenure as CFO will end no later than September 1, 2023, due to merger with Infinity Pharmaceuticals.
- File received an inducement stock option for 53,302 shares at $7.35 per share, with additional grant contingent on merger closing.
- Board approved amended inducement plan authorizing 92,000 additional shares for equity grants.
- File previously served as CFO of Evofem Biosciences from 2015 to 2023.

## SEC filing metadata
- accession: 0001193125-23-166013
- form_type: 8-K
- ticker: LITS
- cik: 0001262104
- company_name: Lite Strategy, Inc.
- filed_at: 2023-06-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1262104/000119312523166013/0001193125-23-166013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1262104/000119312523166013/d516259d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-166013
- JSON: https://secwatch.observer/filing/0001193125-23-166013.json
- Plain text: https://secwatch.observer/filing/0001193125-23-166013.txt

## Key facts
- Executive change
  Brian Drazba was terminated as Chief Financial Officer at Lite Strategy, Inc..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: Brian Drazba’s employment as the CFO of the Company will terminate as of the closing date of the Merger, and in any event no later than September 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523166013/0001193125-23-166013-index.htm
- Executive change
  Jay File was appointed as Executive Vice President of Finance at Lite Strategy, Inc..
  - Action: appointed
  - Role: Executive Vice President of Finance
  source text: appointed Jay File to be Executive Vice President of Finance (“EVP Finance”) of the Company, effective as of June 12, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523166013/0001193125-23-166013-index.htm

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