Streamex Corp. 8-K

What Happened

• Streamex Corp. (STEX) announced on March 3, 2026 (filed March 6, 2026) that it appointed Shawn Matthews as a non‑employee member of its board of directors. Matthews executed an offer letter dated March 3, 2026 and will serve until the next annual meeting or until his successor is qualified, or earlier death, resignation or removal.
• In connection with the appointment, Matthews received a restricted stock award of 100,000 shares of Streamex common stock and will be paid non‑employee director compensation under the company’s policy.

Key Details

• Appointment date / offer letter: March 3, 2026; 8‑K filed March 6, 2026.
• Equity grant: 100,000 restricted shares of common stock.
• Cash compensation (per current policy): $40,000 annual retainer + $25,000 additional annual retainer for each Board committee served.
• Other terms: Eligible for additional annual equity as set by the Compensation Committee; entitled to standard director indemnification and directors & officers liability insurance, including applicable tail coverage.

Why It Matters

• Board composition: Adding a new independent/non‑employee director can affect governance, oversight and strategic direction—important for shareholders tracking board expertise and independence.
• Compensation and dilution: The 100,000 restricted share award and potential future equity grants have dilutive and expense implications for shareholders, and the cash retainers affect ongoing corporate governance costs.
• Disclosure: The appointment and related compensation are now public via the Form 8‑K and press release, giving investors clarity on board changes and management‑approved compensation practices.