Applied Energetics appoints Warren Spector as CFO; $300k salary, 575k options

APPLIED ENERGETICS, INC.

Warren Spector (age 67) appointed CFO effective Jan 28, 2026; previously VP Finance since June 2025.
Employment agreement: 3-year term, $300k base salary, discretionary bonus, and eligibility for stock grants.
Incentive stock options for 575,000 shares at $1.78 exercise price; 75k vest immediately, 500k vest over 4 years.
Forfeits prior options for 250,000 shares issued while VP Finance; no further force.
Severance of 90 days' base salary on termination without cause or for good reason; change-of-control vesting.

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