{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-196279","form_type":"8-K","ticker":"LITS","cik":"0001262104","company_name":"Lite Strategy, Inc.","filed_at":"2023-07-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.387004+00:00","generated_at":"2026-06-12T23:49:02.614759+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"MEI Pharma promotes Justin File to CFO; Brian Drazba departs without cause","bullets":["Justin J. File appointed CFO and Corporate Secretary effective August 1, 2023.","Brian Drazba's employment as CFO terminated without cause on same date.","Drazba receives severance of $428,635 (12 months base salary), COBRA subsidy for 12 months, and accelerated stock option vesting.","Transition previously disclosed on June 13, 2023; Drazba remains through Separation Date."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-196279","json":"https://secwatch.observer/filing/0001193125-23-196279.json","markdown":"https://secwatch.observer/filing/0001193125-23-196279.md","text":"https://secwatch.observer/filing/0001193125-23-196279.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1262104/000119312523196279/0001193125-23-196279-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1262104/000119312523196279/d540602d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T23:49:02.614759+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"193dc261d2","claim":"Justin J. File was appointed as Chief Financial Officer and Corporate Secretary at Lite Strategy, Inc..","evidence_excerpt":"the Board has appointed Mr. File as CFO and Corporate Secretary, effective as of August 1, 2023","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262104/000119312523196279/0001193125-23-196279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Chief Financial Officer and Corporate Secretary"}],"fact_type":"executive_change"},{"claim_id":"f1852287ec","claim":"Brian G. Drazba was terminated as Chief Financial Officer at Lite Strategy, Inc..","evidence_excerpt":"the Board determined that Mr. Drazba’s employment as CFO shall terminate without cause, effective as of the Transition Date","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1262104/000119312523196279/0001193125-23-196279-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"terminated"},{"label":"Role","value":"Chief Financial Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}