Capstone Energy Plus: director resignation and election

What happened

• The filing reports that the Board's Special Committee accepted the resignation of Ping Fu, effective Oct 26, 2026, and that the Board elected Brandon Schwertner as a director, effective Oct 26, 2026.
• The filing states Mr. Schwertner was designated by Monarch Alternative Capital LP as a Series A Director under the Certificate of Designation and that the Board determined he is independent under Nasdaq listing rules.

Key details

• Ms. Fu's resignation was accepted by the Special Committee on Oct 25, 2026, and became effective Oct 26, 2026; the filing states her resignation did not result from any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
• Mr. Schwertner, age 49, will serve as a Class I director with a term expiring at the Company's 2027 annual meeting of stockholders; the Board will remain at seven directors.
• The Board appointed Mr. Schwertner to the Compensation Committee effective Oct 26, 2026; the Compensation Committee will consist of Denise M. Wilson (Chair), Christopher J. Close, and Brandon Schwertner.
• Mr. Schwertner will participate in the Company's non-employee director compensation program and will receive a prorated annual restricted stock unit award with a grant date value of approximately $24,739; he will enter the Company's standard form of indemnification agreement.
• The filing also reports that Monarch retains the right to designate 1 additional Series A Director and that the Company issued a press release on Oct 26, 2026 announcing these matters.

Why it may matter

• The filing reports Item 5.02 (departure of directors and election of directors) and Item 7.01 (Regulation FD disclosure via press release). The filing describes the accepted resignation, the Board election of a new director, committee appointments, director independence, and director compensation. The filing does not show why the insider traded or why the company acted.