WhiteFiber, Inc. Appoints New CFO; Board Reshuffle Effective Aug 1, 2026

What Happened WhiteFiber, Inc. filed an 8-K reporting multiple leadership and board changes effective August 1, 2026. Erke Huang resigned as Chief Financial Officer, Principal Financial Officer, Principal Accounting Officer and director and will transition to Senior Advisor and non‑voting Board observer. The Board appointed Justin Zhu as Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer effective August 1, 2026. Separately, director David Andre resigned and the Board elected Sam Tabar and Michael Rulf as directors; Pruitt Hall’s director compensation was increased.

Key Details

• Erke Huang’s resignation as CFO and director is effective August 1, 2026; he will serve as Senior Advisor and non‑voting observer and will retain previously awarded RSUs that vest if specified 2026 performance criteria are met. Company states the transition was not due to disagreement with the Company.
• Justin Zhu’s Employment Agreement (effective Aug 1, 2026): annual base salary $450,000; signing RSUs valued at $100,000; employment term through July 31, 2028 with automatic one‑year renewals unless timely terminated; certain termination scenarios provide three months’ base salary plus a pro‑rated annual bonus. Zhu will also receive RSUs tied to 2026 performance criteria.
• Board changes effective Aug 1, 2026: David Andre resigned; Sam (Samir) Tabar (CEO) was elected to the Board; Michael Rulf was elected as an independent director and joined the Compensation and Nominating Committees. Rulf’s director compensation is $150,000 per year; Pruitt Hall’s director pay was increased from $150,000 to $270,000 per year.
• Related agreements (Advisory Services Agreement, Employment Agreement, Indemnification and Director Agreements, Professional Services Agreement, and amendment to Hall’s Director Agreement) were entered into or amended in connection with these changes.

Why It Matters These changes place Justin Zhu — an in‑house finance leader and CPA who served as SVP of Finance and Chief Accounting Officer after the IPO — in charge of WhiteFiber’s financial reporting and controls, a material role for investors assessing financial strategy and reporting reliability. The compensation and RSU arrangements tie incentives to 2026 performance, which can affect executive alignment and potential equity dilution. Multiple board changes (including a CEO joining the board and a new independent director with cloud and infrastructure experience) may influence governance, strategic direction, and oversight of the company’s AI infrastructure and cloud services focus. The filing notes no disagreements with management prompted the resignations.