CEO Randolph Jones steps down; CFO Virgilio Torres appointed CEO and Chairman effective May 8, 2026

TEN Holdings, Inc.

Mutual agreement; departure not due to any dispute with the company.
Jones receives six months' base salary ($300k/yr) and one-year extension for vested stock option exercises.
Virgilio Torres, previously CFO, appointed CEO and Chairman; will continue as CFO during search for successor.
No new compensation terms for Torres determined yet; amendment to be filed when available.
Torres's business experience previously disclosed in March 18, 2026 Form 10-K.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Virgilio Torres

Chief Executive Officer and Chairman of the Board

XHLD · TEN Holdings, Inc.

Effective: 2026-05-08
Filed: May 8, 2026, 7:59 PM ET

On May 8, 2026, the Board appointed Mr. Virgilio Torres, the Company’s Chief Financial Officer, as Chief Executive Officer and Chairman of the Board effective May 8, 2026.

Departed

Randolph Jones

Chief Executive Officer and Chairman of the Board

XHLD · TEN Holdings, Inc.

Effective: 2026-05-08
Successor: Virgilio Torres
Filed: May 8, 2026, 7:59 PM ET

On May 8, 2026, Mr. Randolph Jones and the Board of Directors (the “ Board ”) of Ten Holdings, Inc. (the “ Company ) mutually agreed Mr. Jones would step down as Chief Executive Officer and Chairman of the Board effective May 8, 2026 (the “ Effective Date ”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Virgilio Torres was appointed as Chief Executive Officer and Chairman of the Board at TEN Holdings, Inc..

Action: appointed
Role: Chief Executive Officer and Chairman of the Board

Exact text from the filing

On May 8, 2026, the Board appointed Mr. Virgilio Torres, the Company’s Chief Financial Officer, as Chief Executive Officer and Chairman of the Board effective May 8, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Randolph Jones departed as Chief Executive Officer and Chairman of the Board at TEN Holdings, Inc..

Action: stepped down
Role: Chief Executive Officer and Chairman of the Board

Exact text from the filing

On May 8, 2026, Mr. Randolph Jones and the Board of Directors (the “ Board ”) of Ten Holdings, Inc. (the “ Company ) mutually agreed Mr. Jones would step down as Chief Executive Officer and Chairman of the Board effective May 8, 2026 (the “ Effective Date ”).

View on SEC.gov

TEN Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-26-021993

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