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Akoustis Technologies (AKTS) has shared an update.
Akoustis Technologies, Inc. has experienced significant executive and board member changes, with CEO Jeffrey B. Shealy resigning without disagreement over operations or policies, receiving a $400,000 separation payment. Kamran Cheema steps in as Interim CEO with a salary adjustment and increased target bonus reflecting his new responsibilities. The board also saw the resignations of Michelle Petock, Suzanne Rudy, and Jeffrey McMahon, while welcoming new independent directors Jill Frizzley and Matthew Kahn, who bring extensive experience in consulting, law, and finance. Board changes are accompanied by a notable bonus arrangement for Kenneth Boller under the Customer Milestone Payment Program.
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