leadership
confidence high
sentiment neutral
materiality 0.60
ETHZilla director Stephen Shoemaker resigns; CEO Rudisill enters new employment agreement
FORUM MARKETS Inc
- Stephen H. Shoemaker resigned from the board on Sept 15, 2025, not due to any disagreement with the company.
- Options to purchase 165,000 shares at $0.929 per share extended to June 17, 2035 upon Shoemaker's resignation.
- Shoemaker entered a 3-month consulting agreement for $29,166.66/month, paid in stock and cash.
- CEO McAndrew Rudisill signed an Executive Employment Agreement with base salary of $450,000/year.
- Rudisill is eligible for a change of control payment equal to 2% of market cap or enterprise value, and severance of 2x salary after 12 months.
item 5.02item 9.01