Emmis Acquisition Corp. Appoints New Director; Board Committee Changes

What Happened Emmis Acquisition Corp. filed an 8-K (filed Sept 28, 2026) reporting that on September 25, 2026 the Board removed Seth Farbman from the Audit, Compensation and Nominating & Corporate Governance Committees (he remains a Class I director) and appointed Kenneth C. Greenberg as a Class II director. Greenberg was named a member of the Audit and Nominating & Corporate Governance Committees and was appointed member and Chairman of the Compensation Committee. He qualifies as an independent director under Nasdaq standards and Rule 10A-3.

Key Details

• Date of changes: September 25, 2026 (8-K filed Sept 28, 2026).
• New director: Kenneth C. Greenberg, age 70, with 35+ years of experience in hospitality, real estate and financial services (former CEO roles, M&A and operational oversight experience).
• Committee roles: Greenberg added to Audit and Nominating & Corporate Governance Committees and named Chair of the Compensation Committee. Seth Farbman removed from those committees but remains on the Board.
• Compensation/ownership: Sponsor (Emmis Capital Sponsor LLC) transferred 11,667 Class B ordinary shares to Greenberg, subject to the Sponsor’s existing transfer restrictions.
• Governance: Company entered its standard indemnification agreement with Greenberg (form previously filed as Exhibit 10.6). No related-party transactions required reporting under Item 404(a) were disclosed.

Why It Matters These changes affect the company’s board composition and committee leadership—important for investor oversight of audits, executive pay and governance. Greenberg’s independence and appointment to the Audit Committee help satisfy Nasdaq/Rule 10A-3 independence expectations for audit oversight. The share transfer gives the new director a limited economic stake aligned with the Sponsor; the indemnity agreement is standard for directors. There was no disclosure of other executive departures or material transactions in this filing.