---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-021993"
form_type: "8-K"
ticker: "XHLD"
cik: "0002030954"
company_name: "TEN Holdings, Inc."
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T21:13:49.829691+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-021993
- form_type: 8-K
- ticker: XHLD
- cik: 0002030954
- company_name: TEN Holdings, Inc.
- filed_at: 2026-05-08T23:59:59+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/2030954/000149315226021993/0001493152-26-021993-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2030954/000149315226021993/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-021993
- JSON: https://secwatch.observer/filing/0001493152-26-021993.json
- Plain text: https://secwatch.observer/filing/0001493152-26-021993.txt

## Source-grounded claims
- claim_id: 0e770996c7
  claim: Virgilio Torres was appointed as Chief Executive Officer and Chairman of the Board at TEN Holdings, Inc..
  evidence_excerpt: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030954/000149315226021993/0001493152-26-021993-index.htm
- claim_id: f76064f3a5
  claim: Randolph Jones departed as Chief Executive Officer and Chairman of the Board at TEN Holdings, Inc..
  evidence_excerpt: 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 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2030954/000149315226021993/0001493152-26-021993-index.htm

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