Boxlight Corp 8-K

What Happened
Boxlight Corporation (BOXL) announced a planned leadership transition and that Jens Holstebro will step down as Executive Vice President and General Manager of the Americas, effective January 27, 2026. The Board said Mr. Holstebro will assist with the transition. The company filed the notice on January 16, 2026.

Key Details

• Departure treated as a termination without “cause” under Mr. Holstebro’s Employment Agreement (dated Feb. 26, 2024; effective Mar. 1, 2024).
• Cash and benefits due at termination: accrued and unpaid base salary, payment for accrued but unused PTO, reimbursement of business expenses and other required benefits. Company expects no FY2025 annual cash incentive payment.
• Severance package: 12 months of base salary; any earned but unpaid portion of long‑term cash incentive; company contributions toward COBRA coverage for up to 12 months (or until COBRA ends).
• Under the LTIP, Mr. Holstebro is eligible for any earned payout for the July 1, 2025–June 30, 2026 performance period if he executes a release; the LTIP amount is expected to be no less than about $25,000. Payments may be delayed or reduced to comply with Sections 409A, 280G and 4999 of the Internal Revenue Code.

Why It Matters
This 8‑K documents a leadership change in Boxlight’s Americas business and specifies the company’s financial obligations tied to the transition (notably 12 months of salary plus benefits and a minimum LTIP expectation). For investors, the filing clarifies the severance exposure and timing of any LTIP payment; it does not report operating results or other material financial changes.