Airgain Inc. Appoints Stephan D. Memmen to Board

What Happened

• Airgain Inc. (AIRG) filed an 8-K on Oct 1, 2026 announcing that the Board appointed Stephan D. Memmen as a Class II director effective October 1, 2026. His initial term expires at the Company’s 2027 annual meeting of stockholders. Mr. Memmen’s background includes senior leadership roles at Pulse Electronics, Amphenol Corporation, Flexstar Technology, and ownership of T&M Antennas.

Key Details

• Appointment effective: October 1, 2026; term expires at the 2027 annual meeting.
• Board size increased from seven to eight directors.
• Compensation: restricted stock units valued at $50,000 and stock options valued at $50,000 (number of awards calculated per the Company policy); options exercisable at fair market value on grant date.
• Vesting: equity awards vest in three substantially equal annual installments; Mr. Memmen will also receive cash board fees under the Company’s Director Compensation Policy.
• Corporate governance: Mr. Memmen entered the standard indemnification agreement; the Board determined he is an independent director under Nasdaq rules. No related-party transactions required disclosure.

Why It Matters

• The appointment fills an additional independent director seat and changes board composition (7→8), which can affect governance and oversight. The disclosed equity and cash pay show standard non-employee director compensation and potential future share dilution from option grants. Investors should note the short initial term (through the 2027 annual meeting) and that the company has certified his independence under Nasdaq rules.