Summit Networks Inc. 8-K

What Happened
Summit Networks Inc. (SNTW) filed an 8‑K disclosing a board restructuring: directors Jianhua James Shu and Hong (Nancy) Yu resigned on February 13, 2026 (the company says neither resignation was due to any disagreement). On February 16, 2026 the board appointed Ross Miller, Lei Yang, and Elena Kuzmin as independent directors as part of an initiative to improve corporate governance, compliance, and internal controls. Ross Miller was named Chair of the Audit Committee and is identified as an “Audit Committee Financial Expert” under SEC rules.

Key Details

• Two resignations: Jianhua James Shu and Hong (Nancy) Yu — both effective February 13, 2026; resignations were not due to disagreements with the company.
• Three appointments effective February 16, 2026: Ross Miller, Lei Yang, and Elena Kuzmin as independent directors.
• Ross Miller appointed Audit Committee Chair and designated an Audit Committee Financial Expert.
• Filing states the board now consists of Shuhua Liu (Chair), Xian Nan (Delia) Zheng (Secretary), Ross Miller (Ind. Director, Audit Chair), Lei Yang (Ind. Director, Audit Committee) and Elena Kuzmin (Ind. Director, Audit Committee).

Why It Matters
Board composition and audit‑committee leadership directly affect financial oversight, internal controls, and regulatory compliance. The appointments — including an SEC‑designated audit committee financial expert — signal the company is prioritizing stronger financial oversight and governance. Retail investors should note the timing of director changes and that the company framed the moves as part of a broader compliance and internal control improvement effort.