secwatch.observer — SEC 8-K summary
======================================

Issuer:     TEN Holdings, Inc. (XHLD)
CIK:        0002030954
Form:       8-K
Filed at:   2026-10-05T20:39:48+00:00
Accession:  0001493152-26-045754
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

TEN Holdings CFO Virgilio Torres steps down; Ian Lawson named interim CFO under Everest Advisors pact
--------------------------------------------------------------------------------

- Torres resigned as CFO, principal financial and principal accounting officer effective Sept 30, 2026, to focus on his CEO duties; Board said the change was not due to any disagreement.
- Board appointed Ian Lawson, 59, an Everest Advisors LLC managing director and California-licensed CPA, as Interim CFO and principal financial/accounting officer, effective Sept 30, 2026.
- Consulting Agreement pays Everest a flat $4,000 per month covering up to 12 hours; overage billed at $350/hour needs prior written CEO approval; either party may terminate on 30 days' notice.
- If the Company hires Lawson, Everest is owed 25% of his first-year annualized fees, refundable in full if he is terminated for good reason within the first 90 days.
- Principal executive office relocated to c/o Studio 1 Rockefeller Plaza, 2nd Floor, New York, NY 10020, from 1170 Wheeler Way, Langhorne, PA 19047.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2030954/000149315226045754/0001493152-26-045754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2030954/000149315226045754/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045754

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer