---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-001821"
form_type: "8-K"
ticker: "SDEV"
cik: "0001389545"
company_name: "Stablecoin Development Corp"
filed_at: "2022-01-28T23:59:59+00:00"
generated_at: "2026-06-27T14:07:21.560874+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NovaBay expands board to eight, appoints Kunin and Garlikov; CEO contract extended

## Summary
- Board expanded to eight members; Dr. Audrey Kunin (Chief Product Officer) and Julie Garlikov appointed.
- Paul Li resigned; Yongxiang (Sean) Zheng appointed, recommended by large Chinese stockholders.
- CEO Justin Hall's employment term extended through December 31, 2023.
- Lease amended to extend term to July 2027; base rent ~$4.70/sq ft with 3% annual escalation.

## SEC filing metadata
- accession: 0001437749-22-001821
- form_type: 8-K
- ticker: SDEV
- cik: 0001389545
- company_name: Stablecoin Development Corp
- filed_at: 2022-01-28T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1389545/000143774922001821/0001437749-22-001821-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1389545/000143774922001821/nby20220118_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-001821
- JSON: https://secwatch.observer/filing/0001437749-22-001821.json
- Plain text: https://secwatch.observer/filing/0001437749-22-001821.txt

## Key facts
- Executive change
  Julie Garlikov was appointed as Director at Stablecoin Development Corp.
  - Action: appointed
  - Role: Director
  source text: Effective January 27, 2022, the Board also appointed Ms. Garlikov to serve as an independent Class II director of the Company to serve until the Company’s 2024 Annual Meeting of Stockholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774922001821/0001437749-22-001821-index.htm
- Executive change
  Audrey Kunin was appointed as Director at Stablecoin Development Corp.
  - Action: appointed
  - Role: Director
  source text: Effective January 27, 2022, the Board appointed Dr. Kunin to serve as a Class I director of the Company to serve until the Company’s 2023 Annual Meeting of Stockholders
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774922001821/0001437749-22-001821-index.htm
- Executive change
  Xinzhou (Paul) Li resigned as Director at Stablecoin Development Corp.
  - Action: resigned
  - Role: Director
  source text: Xinzhou (Paul) Li informed the Board that he will resign as a member of the Company’s Board, with such resignation to be effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774922001821/0001437749-22-001821-index.htm
- Executive change
  Yongxiang (Sean) Zheng was appointed as Director at Stablecoin Development Corp.
  - Action: appointed
  - Role: Director
  source text: the Board appointed Mr. Yongxiang (Sean) Zheng to fill the vacancy on the Board resulting from the resignation of Mr. Li.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1389545/000143774922001821/0001437749-22-001821-index.htm

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