secwatch.observer — SEC 8-K summary
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Issuer:     Churchill Capital Corp XI (CCXI)
CIK:        0002074973
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001213900-26-029178
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Churchill Capital Corp XI appoints Paul Lapping and Stephen Murphy as independent directors
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- Paul Lapping and Stephen Murphy appointed to the board on March 17, 2026, effective immediately.
- Lapping named audit committee chair, replacing William Sherman; both join audit and compensation committees.
- Each director receives $75,000 per annum cash compensation, paid quarterly starting April 1, 2026.
- They signed a joinder to the letter agreement waiving certain redemption rights and agreeing to vote for a business combination.
- Terms expire at the first annual general meeting; appointments bolster SPAC board independence.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2074973/000121390026029178/0001213900-26-029178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2074973/000121390026029178/ea0282101-8k_church11.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-029178

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