Xtend AI Robotics: COO to resign, employment agreements amended

What happened Xtend AI Robotics filed an 8-K reporting that its subsidiary, XTEND Reality Expansion Ltd., and Amir Ofri entered into a Termination of Employment by Mutual Agreement on Oct 22, 2026, providing for Mr. Ofri’s resignation as chief operating officer, effective Oct 31, 2026. The Termination Agreement includes non-solicitation, non-disclosure and non-disparagement obligations following Dec 31, 2026, and provides for continuation of base salary and benefits through Dec 31, 2026, continued vesting of equity awards, a termination payment equal to 3 times his monthly salary to be granted on Dec 31, 2026, a one-time gross payment of NIS 30,000 (approximately $9,636) in lieu of a vehicle allowance, and all accrued amounts due under Israeli law.

Key details

• On Oct 24, 2026, amendments were executed to employment agreements for Aviv Shapira, Tal Horesh, Reuven Liani, Matteo Shapira and Mor Swiel.
• All then-outstanding and unvested restricted stock units held by each of the five employees shall become fully vested immediately prior to, and subject to, the consummation of, a Change in Control under the company’s 2026 Equity Incentive Plan.
• Effective Dec 1, 2026, the annual salary of Messrs. A. Shapira, Horesh, Liani and M. Shapira is reduced by 15% of their then-current salary until the compensation committee makes a restoration determination; salaries cited in the filing are: Mr. A. Shapira $425,000 per year, Mr. Horesh $340,000 per year, M. Liani $327,250 per year and Mr. M. Shapira $327,250 per year. If any of those four are terminated by the company other than for Cause or resign for Good Reason prior to salary restoration, severance or other pay tied to salary will be calculated using the Base Salary (without the reduction).
• Mr. Swiel received a grant of 570,000 RSUs that vest monthly over 36 months beginning Sep 3, 2026, divided into three tranches of 190,000 RSUs each: the first tranche is not subject to key performance indicators; the second tranche’s vesting is conditioned on KPIs to be achieved on or prior to Mar 1, 2027; the third tranche’s vesting is conditioned on KPIs to be achieved on or prior to Sep 1, 2027.

Why it may matter This reporting is filed under Item 5.02, which covers the departure of directors or certain officers, and describes the Termination Agreement for the COO and amendments to several employment agreements. The filing does not show why the insider traded or why the company acted.