Nomad Power CEO Geordan Pursglove steps down; advisor Michael Hilmer named Executive Chairman

LIXTE BIOTECHNOLOGY HOLDINGS, INC.

Pursglove resigned as CEO, board member and from all subsidiary officer/director roles effective Nov 9, 2026; company says departure was not due to any disagreement.
Separation Agreement: $600,000 cash severance paid on execution, plus 1,500,000 RSUs vesting Jan 31, 2027 for consulting up to 80 hours/month through that date.
Michael Hilmer, an existing advisor, was elected to the Board and appointed non-employee Executive Chairman effective Nov 9, 2026; he signed the 8-K as Chief Executive Officer.
Hilmer's Consulting Agreement pays $20,000/month, month-to-month, terminable on 10 business days' notice; mandate is expanding distribution and scaling the Energy-as-a-Service model.
Press release cites Hilmer's background raising over $1 billion for energy-efficient home equipment lease/loan programs and completing more than a dozen M&A transactions.

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