---
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"
generated_at: "2026-06-12T23:49:02.614759+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MEI Pharma promotes Justin File to CFO; Brian Drazba departs without cause

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-196279
- JSON: https://secwatch.observer/filing/0001193125-23-196279.json
- Plain text: https://secwatch.observer/filing/0001193125-23-196279.txt

## Key facts
- Executive change
  Justin J. File was appointed as Chief Financial Officer and Corporate Secretary at Lite Strategy, Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Corporate Secretary
  source text: the Board has appointed Mr. File as CFO and Corporate Secretary, effective as of August 1, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523196279/0001193125-23-196279-index.htm
- Executive change
  Brian G. Drazba was terminated as Chief Financial Officer at Lite Strategy, Inc..
  - Action: terminated
  - Role: Chief Financial Officer
  source text: the Board determined that Mr. Drazba’s employment as CFO shall terminate without cause, effective as of the Transition Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/1262104/000119312523196279/0001193125-23-196279-index.htm

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