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Brand Engagement Network (BNAI) has shared an update.
Brand Engagement Network Inc. announced that Co-CEO Michael Zacharski has mutually agreed to leave the company and resign from its board without any disputes over the firm’s operations. Zacharski will receive unpaid salary, vacation, a $250,000 cash bonus, vested benefits, and a $91,666.67 separation payment. His stock options were adjusted, forfeiting a portion and reducing the exercise period for the remainder. Additionally, Paul Chang, with extensive experience in AI, Blockchain, and other technologies, was appointed as a new director, filling a board vacancy and assuming the role of CEO. Concurrently, the company converted $360,000 of outstanding fees into 151,261 shares of Common Stock issued to DHC Sponsor, LLC.
See more insights into BNAI stock on TipRanks’ Stock Analysis page.