---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-051024"
form_type: "8-K"
ticker: "LIXT"
cik: "0001335105"
company_name: "LIXTE BIOTECHNOLOGY HOLDINGS, INC."
filed_at: "2026-11-10T22:10:12+00:00"
generated_at: "2026-11-10T22:12:04.703137+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-26-051024
- form_type: 8-K
- ticker: LIXT
- cik: 0001335105
- company_name: LIXTE BIOTECHNOLOGY HOLDINGS, INC.
- filed_at: 2026-11-10T22:10:12+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1335105/000149315226051024/0001493152-26-051024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1335105/000149315226051024/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-051024
- JSON: https://secwatch.observer/filing/0001493152-26-051024.json
- Plain text: https://secwatch.observer/filing/0001493152-26-051024.txt

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