secwatch.observer — SEC 8-K summary
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Issuer:     AVAX ONE TECHNOLOGY LTD. (AVX)
CIK:        0001826397
Form:       8-K/A
Filed at:   2026-10-16T21:39:28+00:00
Accession:  0001493152-26-047463
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

AVAX One discloses ex-CFO Polimeni separation terms: $10,000/month consultant through March 31, 2027
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- CFO Chris Polimeni resigned August 17, 2026; separation and consulting agreement dated October 13, 2026, effective August 18, 2026.
- Polimeni is engaged as an independent contractor from August 18, 2026 through March 31, 2027 at a monthly fee of $10,000, paid within 15 days after each month.
- Separation payment continues his monthly fees through August 31, 2026, paid in a lump sum on the first regular payroll date after the Effective Date.
- Agreement includes a general release of claims, 21 days to consider, a 7-day revocation window (notice to Pete Wylie), and confidentiality covenants.
- Company's release excludes claims for intentional misconduct or gross negligence; consultant gets no employee benefits or unemployment insurance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1826397/000149315226047463/0001493152-26-047463-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1826397/000149315226047463/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-047463

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