---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040458"
form_type: "8-K"
ticker: null
cik: "0001679379"
company_name: "NYIAX, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T18:58:32.361648+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NYIAX appoints four directors, Chairman O'Neill resigns citing unresolved concerns

## Summary
- Appointed four directors: CEO Teri Gallo and independents Bruce Cooperman, Michael Garone, Paul Richardson effective May 1, 2024.
- Chairman Thomas F. O'Neill resigned April 30, 2024 due to unresolved concerns and differences of opinion with the Board.
- Each of the three new independent directors (Cooperman, Garone, Richardson) receives 175,000 restricted stock units.
- Board expands to six members: Gallo, Abenante, Ainbinder, plus the three new independent directors.

## SEC filing metadata
- accession: 0001213900-24-040458
- form_type: 8-K
- cik: 0001679379
- company_name: NYIAX, INC.
- filed_at: 2024-05-07T23:59:59+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/1679379/000121390024040458/0001213900-24-040458-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679379/000121390024040458/ea0205424-8k_nyiax.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040458
- JSON: https://secwatch.observer/filing/0001213900-24-040458.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040458.txt

## Key facts
- Executive change
  Paul Richardson was appointed as Director at NYIAX, INC..
  - Action: appointed
  - Role: Director
  source text: On May 1, 2024, the Board of Directors (the “Board”) of the Company appointed Teresa Gallo, the Company’s CEO, Bruce Cooperman, Michael Garone and Paul Richardson as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679379/000121390024040458/0001213900-24-040458-index.htm
- Executive change
  Michael Garone was appointed as Director at NYIAX, INC..
  - Action: appointed
  - Role: Director
  source text: On May 1, 2024, the Board of Directors (the “Board”) of the Company appointed Teresa Gallo, the Company’s CEO, Bruce Cooperman, Michael Garone and Paul Richardson as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679379/000121390024040458/0001213900-24-040458-index.htm
- Executive change
  Bruce Cooperman was appointed as Director at NYIAX, INC..
  - Action: appointed
  - Role: Director
  source text: On May 1, 2024, the Board of Directors (the “Board”) of the Company appointed Teresa Gallo, the Company’s CEO, Bruce Cooperman, Michael Garone and Paul Richardson as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679379/000121390024040458/0001213900-24-040458-index.htm
- Executive change
  Teresa Gallo was appointed as Director at NYIAX, INC..
  - Action: appointed
  - Role: Director
  source text: On May 1, 2024, the Board of Directors (the “Board”) of the Company appointed Teresa Gallo, the Company’s CEO, Bruce Cooperman, Michael Garone and Paul Richardson as Directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679379/000121390024040458/0001213900-24-040458-index.htm

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