---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-007732"
form_type: "8-K"
ticker: "FLUX"
cik: "0001083743"
company_name: "Flux Power Holdings, Inc."
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T16:37:24.467222+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Flux Power CFO Scheiwe steps down, Royal appointed; Director Bo-Linn not re-standing

## Summary
- Director Cheemin Bo-Linn not standing for re-election at April 18, 2024 annual meeting; Board accelerated 18,561 RSUs.
- CFO Charles Scheiwe stepping down effective March 1, 2024; will transition to consultant at $150/hr for 12 months.
- Scheiwe receives cash severance of $205,200 (12 months base salary) and $22,840.68 COBRA payment.
- Kevin S. Royal appointed CFO and Secretary effective March 4, 2024; base salary $330,000, 60% bonus, 55,000 stock options.
- Royal has over 20 years experience, former EVP/CFO of Zovio Inc. and SVP/CFO of Maxwell Technologies; CPA.

## SEC filing metadata
- accession: 0001493152-24-007732
- form_type: 8-K
- ticker: FLUX
- cik: 0001083743
- company_name: Flux Power Holdings, Inc.
- filed_at: 2024-02-23T23:59:59+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/1083743/000149315224007732/0001493152-24-007732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083743/000149315224007732/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-007732
- JSON: https://secwatch.observer/filing/0001493152-24-007732.json
- Plain text: https://secwatch.observer/filing/0001493152-24-007732.txt

## Key facts
- Executive change
  Charles Scheiwe departed as Chief Financial Officer and Secretary at Flux Power Holdings, Inc..
  - Action: stepped down
  - Role: Chief Financial Officer and Secretary
  source text: On February 16, 2024, the Company and Mr. Charles Scheiwe agreed to the stepping down of Mr. Scheiwe as the Company’s Chief Financial Officer and Secretary, including all positions with the Company and Flux Power, Inc., a wholly-owned subsidiary of the Company (“Flux”) and transitioning to a consultant for the Company (“the “Transition”), effective March 1, 2024 (the “Separation Date”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315224007732/0001493152-24-007732-index.htm
- Executive change
  Cheemin Bo-Linn departed as Director at Flux Power Holdings, Inc..
  - Action: not stand for re-election
  - Role: Director
  source text: On February 21, 2024, Ms. Cheemin Bo-Linn notified the Board of Directors (the “Board”) of Flux Power Holdings, Inc. (the “Company”) of her decision to not stand for re-election at the Company’s next annual meeting of shareholders, scheduled to be held on April 18, 2024 (the “Annual Meeting”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315224007732/0001493152-24-007732-index.htm
- Executive change
  Kevin S. Royal was appointed as Chief Financial Officer and Corporate Secretary at Flux Power Holdings, Inc..
  - Action: appointed
  - Role: Chief Financial Officer and Corporate Secretary
  source text: On February 22, 2024, as a result of Mr. Scheiwe’s stepping down in connection with the Transition, the Board appointed Mr. Kevin S. Royal as Chief Financial Officer and Corporate Secretary, to be effective March 4, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083743/000149315224007732/0001493152-24-007732-index.htm

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