---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-009049"
form_type: "8-K"
ticker: "SHFS"
cik: "0001854963"
company_name: "SHF Holdings, Inc."
filed_at: "2025-05-07T23:59:59+00:00"
generated_at: "2026-05-22T09:05:08.069360+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# SHF Holdings: Director Karl Racine resigns; Francis Braun III appointed

## Summary
- Karl Racine resigned as director and from Nomination and Governance Committee effective May 2, 2025; departure personal, no disagreement with company.
- Board appointed Francis A. Braun III as Class I director same day; no committee assignments yet.
- Braun has 40 years public accounting experience; currently consultant at KKR, senior advisor at Stout, director of Crown Bank.
- Braun is a financial expert under SOX; will receive prorated standard outside director compensation.
- No family relationships or reportable transactions involving Braun; no arrangement for selection.

## SEC filing metadata
- accession: 0001641172-25-009049
- form_type: 8-K
- ticker: SHFS
- cik: 0001854963
- company_name: SHF Holdings, Inc.
- filed_at: 2025-05-07T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1854963/000164117225009049/0001641172-25-009049-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1854963/000164117225009049/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-009049
- JSON: https://secwatch.observer/filing/0001641172-25-009049.json
- Plain text: https://secwatch.observer/filing/0001641172-25-009049.txt

## Key facts
- Executive change
  Francis A. Braun III was appointed as Class I Director at SHF Holdings, Inc..
  - Action: appointed
  - Role: Class I Director
  source text: On May 2, 2025, the Board appointed Francis A. Braun III as a Class I director.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000164117225009049/0001641172-25-009049-index.htm
- Executive change
  Karl Racine resigned as Director at SHF Holdings, Inc..
  - Action: resigned
  - Role: Director
  source text: On May 2, 2025, Karl Racine informed SHF Holdings, Inc. (the “Company”) of his decision to resign from his position as a director of the Company and as a member of the Board of Director’s (the “Board”) Nomination and Governance Committee effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1854963/000164117225009049/0001641172-25-009049-index.htm

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