---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-063693"
form_type: "8-K"
ticker: "BGDE"
cik: "0001218683"
company_name: "Big Digital Energy, Inc."
filed_at: "2025-07-14T23:59:59+00:00"
generated_at: "2026-05-18T06:37:08.055342+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Mawson CEO Rahul Mewawalla terminated for cause; forfeits 4.55M RSUs; Delaware suit filed

## Summary
- Rahul Mewawalla terminated as CEO and President effective July 8, 2025 for cause under his employment agreement.
- Mewawalla forfeits 4,548,512 unvested restricted stock units upon termination.
- Mewawalla resigned from Board effective July 8, 2025 per director appointment letter.
- Company filed Delaware Chancery suit (No. 2025-0789-JTL) alleging breach of fiduciary duties and fraud.
- Kaliste Saloom appointed Interim CEO, General Counsel and Corporate Secretary.

## SEC filing metadata
- accession: 0001213900-25-063693
- form_type: 8-K
- ticker: BGDE
- cik: 0001218683
- company_name: Big Digital Energy, Inc.
- filed_at: 2025-07-14T23:59:59+00:00
- event_type: leadership
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1218683/000121390025063693/0001213900-25-063693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1218683/000121390025063693/ea0248816-8k_mawson.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-063693
- JSON: https://secwatch.observer/filing/0001213900-25-063693.json
- Plain text: https://secwatch.observer/filing/0001213900-25-063693.txt

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