Cyngn Inc. 8-K

What Happened Cyngn Inc. announced on February 3, 2026 that the Board has appointed Ran Makavy as a Class III director, effective immediately, to fill a vacancy on the Board. Mr. Makavy will serve until the Company’s 2027 annual meeting of stockholders, when he will stand for election with the other Class III directors. The Board also named him Chairman of the Nominating and Corporate Governance Committee and a member of the Compensation Committee and Audit Committee.

Key Details

• Appointment date: February 3, 2026; term through the 2027 annual meeting.
• Committee roles: Chairman, Nominating & Corporate Governance; member, Compensation and Audit.
• Background: ~30 years in engineering/product roles; founder of Snaptu (sold to Facebook), led growth at Facebook and Lyft, investor in 60+ startups.
• Compensation and conflicts: Will be paid under Cyngn’s standard non-employee director policies (as described in the Oct 22, 2025 proxy); no arrangements or related-party transactions reported.

Why It Matters A new independent director with extensive tech, growth and board experience could affect Cyngn’s governance and oversight, especially through his chairmanship of the Nominating & Corporate Governance Committee and membership on Audit and Compensation. The filing discloses no related-party transactions and indicates his pay will follow existing non-employee director policies, so there is no immediate material financial impact disclosed. For investors, the change is primarily a governance update that may influence board priorities and oversight going forward.