Rank One Computing Corp: appoints director Dr. Anil Jain

What happened

• The filing says the Board of Rank One Computing Corporation appointed Dr. Anil Jain as a member of the Board, effective Oct 5, 2026, to fill a vacancy resulting from an increase in the size of the Board from 8 to 9 directors. The Board determined that Dr. Jain qualifies as an "independent director" under Nasdaq Rule 5605(a)(2). The filing says Dr. Jain, age 78, has served as University Distinguished Professor and Douglas E. Zongker Endowed Professor at Michigan State University since 1974 and served as an Amazon Scholar (20% appointment) from Mar 2021 through Aug 2026.

Key details

• Dr. Jain will serve until the Company’s next annual meeting of shareholders or until his successor is elected or appointed, or earlier death, resignation, or removal.
• Compensation: an annual equity retainer of $50,000 in the form of restricted stock units under the Company’s 2026 Equity Incentive Plan (first grant on Dec 1, 2026) and an annual cash retainer of $12,500, each prorated for the portion of the fiscal year remaining as of Oct 5, 2026.
• Since Sep 1, 2026, Dr. Jain has provided technical advisory services under an Advisor Agreement paying $30,000 per year, payable quarterly in arrears, plus reimbursement of pre-approved expenses; the Advisor Agreement has an initial term of 1 year, automatically renews for successive 1-year terms, and may be terminated by either party on 30 days’ notice. The Board considered the Advisor Agreement in making its independence determination.
• The filing says Dr. Jain does not currently serve, and has not during the past 5 years served, as a director of any other public company; there are no arrangements or understandings with others regarding his selection; and the Company will enter its standard Director Indemnification Agreement with Dr. Jain.

Why it may matter

• Item 5.02 was reported, which covers changes in directors or certain officers (appointment of a director). Item 7.01 was reported, which covers Regulation FD disclosure (the Company furnished a press release dated Oct 6, 2026). This filing does not show why the insider traded or why the company acted.