In a regulatory filing, Lite Strategy (LITS)disclosed that on November 14, the Board, upon the recommendation of the Nominating and Governance Committee of the Board, approved the election of acting CEO Justin File as the company’s permanent CEO and the appointment of File as a member of the Board, effective immediately. File will serve as a member of the Board in the class to be subject to election at the 2026 Annual Meeting of Stockholders and until his successor is duly elected and qualified or until his earlier resignation or removal. File will also continue to serve as the company’s CFO and Secretary.
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