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An update from SMX Public Limited Company ( (SMX) ) is now available.
On March 6, 2026, SMX (Security Matters) PLC accepted the resignations of Chairman Ophir Sternberg and directors Roger Meltzer and Thomas Hawkins, all departing without disagreements over company operations, and immediately appointed Tan Cheong Hwai, Daniel Peterlin and Richard G. Hayes as independent directors to fill the vacancies. The board also elevated founder and CEO Haggai Alon to chairman and adopted a new independent director compensation plan, including a retroactive annual cash package from January 1, 2025, and separation agreements granting departing directors board-fee payments, share-registration rights, extended D&O insurance and voting proxies in favor of Alon, moves that consolidate leadership and align board expertise with SMX’s next phase of global growth in fashion, luxury and mining sectors.
The new director compensation framework sets annual fees of $150,000 for each non-management independent director and an additional $100,000 if the chair is independent, with eligibility for equity awards determined by the board or its compensation committee. By bringing in directors with deep experience in finance, luxury brands, and precious metals, and by structuring amicable exits for former directors, SMX is reshaping its governance to back its international expansion strategy while signaling continuity and stability to investors and other stakeholders.
More about SMX Public Limited Company
SMX (Security Matters) Public Limited Company, based in Dublin, Ireland, operates in the security and materials-tracking technology space, focusing on solutions that support supply-chain transparency and authentication. The company targets global industrial verticals, with a particular strategic emphasis on fashion and luxury goods, mining and rare earth materials, and the Singapore financial ecosystem.
Average Trading Volume: 447,673
Technical Sentiment Signal: Sell
Current Market Cap: $74.04M
For a thorough assessment of SMX stock, go to TipRanks’ Stock Analysis page.