---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-089546"
form_type: "8-K"
ticker: "FRMM"
cik: "0001690080"
company_name: "FORUM MARKETS Inc"
filed_at: "2025-09-19T23:59:59+00:00"
generated_at: "2026-05-17T06:07:21.576629+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# ETHZilla director Stephen Shoemaker resigns; CEO Rudisill enters new employment agreement

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-089546
- form_type: 8-K
- ticker: FRMM
- cik: 0001690080
- company_name: FORUM MARKETS Inc
- filed_at: 2025-09-19T23:59:59+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/1690080/000121390025089546/0001213900-25-089546-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1690080/000121390025089546/ea0257818-8k_ethzilla.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-089546
- JSON: https://secwatch.observer/filing/0001213900-25-089546.json
- Plain text: https://secwatch.observer/filing/0001213900-25-089546.txt

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