---
schema_version: "secwatch.filing_event.v1"
accession: "0001603978-23-000038"
form_type: "8-K"
ticker: "AQB"
cik: "0001603978"
company_name: "AQUABOUNTY TECHNOLOGIES INC"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:18:08.376287+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AquaBounty promotes David F. Melbourne Jr. to President; Wulf becomes Board Chair & remains CEO

## Summary
- David F. Melbourne Jr. promoted to President effective August 14, 2023; replaces Sylvia Wulf who remains CEO and becomes Board Chair.
- Melbourne's Employment Agreement: base salary $375,000; annual bonus up to 40% of base; severance of one year salary.
- Melbourne will oversee day-to-day operations including U.S. and Canada farms, R&D, quality, people, commercial.
- Wulf to focus on strategic initiatives: investor relations, financing for Ohio Farm, business development, geographic/species expansion.

## SEC filing metadata
- accession: 0001603978-23-000038
- form_type: 8-K
- ticker: AQB
- cik: 0001603978
- company_name: AQUABOUNTY TECHNOLOGIES INC
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000038/0001603978-23-000038-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000038/aqb-20230814x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001603978-23-000038
- JSON: https://secwatch.observer/filing/0001603978-23-000038.json
- Plain text: https://secwatch.observer/filing/0001603978-23-000038.txt

## Key facts
- Executive change
  David F. Melbourne Jr. was appointed as President at AQUABOUNTY TECHNOLOGIES INC.
  - Action: promoted
  - Role: President
  source text: On August 11, 2023, the Board appointed Mr. Melbourne, 57 as the President of the Company, effective as of August 14, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000038/0001603978-23-000038-index.htm
- Executive change
  Sylvia Wulf was appointed as Board Chair and Chief Executive Officer at AQUABOUNTY TECHNOLOGIES INC.
  - Action: appointed Board Chair
  - Role: Board Chair and Chief Executive Officer
  source text: Ms. Wulf therefore resigns as President and continues as AquaBounty's Chief Executive Officer and Board Chair.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1603978/000160397823000038/0001603978-23-000038-index.htm

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