Streamex Corp. 8-K

What Happened

• Streamex Corp. announced that Ferdinand Groenewald resigned as Chief Financial Officer, principal accounting officer and principal financial officer effective March 15, 2026, and entered a Separation and General Release Agreement dated March 20, 2026. The filing states his resignation was not due to any disagreement with the Company.
• The Company appointed Christine Plummer as Chief Financial Officer, announced in a press release dated March 16, 2026. The filing also includes a new employment agreement with Ms. Plummer.

Key Details

• Severance: Groenewald will receive cash severance equal to six months’ base salary — $112,500 — payable on the Company’s regular payroll schedule subject to the Separation Agreement conditions.
• Equity and vesting: Groenewald’s January 8, 2026 RSU award was reduced from 500,000 to 301,500 RSUs; 100% of the 301,500 RSUs and 60,000 restricted shares (originally set to vest Nov 18, 2026) became fully vested as of the Separation Date.
• Consulting: The Company engaged Groenewald Enterprises LLC to provide consulting services (primarily performed by Groenewald) for six months starting March 16, 2026, at $20,000 per month.
• Other: The Company agreed to reimburse certain pre-Separation Date tax liabilities for Groenewald and to provide up to 12 months of COBRA reimbursement; Groenewald agreed to a six-month lock-up on his shares and waived claims related to his employment and separation.

Why It Matters

• For investors, the matters are material as they affect executive leadership (CFO transition) and involve cash and equity costs: a $112,500 severance payment, accelerated vesting of equity awards (which creates immediate tax/withholding events and could affect outstanding share economics), and up to $120,000 in consulting fees over six months.
• The appointment of a new CFO and the short-term consulting arrangement aim to provide continuity in financial reporting and SEC compliance during the transition. The six-month lock-up on Groenewald’s shares limits immediate selling pressure from his holdings.