Atlas Lithium Corp 8-K

What Happened Atlas Lithium Corporation filed an 8-K reporting that Director Rodrigo Menck resigned from the Board effective April 1, 2026, for personal reasons and not due to any disagreement with the company. The Board filled the vacancy by appointing Admiral (Ret.) Flávio Augusto Viana Rocha, effective April 6, 2026. The Board determined Admiral Rocha is independent and has assigned him to the Audit Committee.

Key Details

• Rodrigo Menck resigned effective April 1, 2026; he did not serve on any Board committee at the time.
• Admiral Flávio Rocha’s appointment became effective April 6, 2026; he was appointed to the Audit Committee.
• Compensation: Admiral Rocha will receive a cash board fee of 50,000 Brazilian reais per month (approximately US$9,700) and will not receive equity or options.
• The filing states there are no related-party arrangements or family relationships involving Admiral Rocha.

Why It Matters Board composition and committee assignments affect corporate oversight. Atlas added a director with more than 43 years of experience in government, naval service, strategy, governance, logistics and international relations — including senior Brazilian government roles (2020–2022) and long military service (1984–2024). His independence status and Audit Committee membership are relevant for governance and financial oversight; his cash-only compensation means no immediate equity dilution from the appointment.