OpenWorld, Inc.: reports preliminary Q3 revenue; CFO change

What happened

• The filing says the Company issued a press release announcing preliminary estimated revenue results for the quarter ended Sep 30, 2026.
• The filing says that on Oct 22, 2026 the board removed Jennifer Cola as Chief Financial Officer, effective Oct 23, 2026, and that Ms. Cola remains employed by the Company pursuant to her employment agreement. The filing says the board approved the appointment of Gerard Hernandez as Chief Financial Officer, effective Oct 23, 2026, and that Mr. Hernandez entered into an amendment to his employment agreement on Oct 23, 2026 that changed his title to Chief Financial Officer, Treasurer and Secretary; there were no changes to his compensation.

Key details

• Press release announced preliminary estimated revenue results for the quarter ended Sep 30, 2026; press release dated Oct 26, 2026 is furnished with the 8-K.
• Jennifer Cola removed as Chief Financial Officer effective Oct 23, 2026; she remains employed under her employment agreement.
• Gerard Hernandez, age 38, served as the Company’s Chief Accounting Officer since Sep 30, 2026 and was appointed Chief Financial Officer effective Oct 23, 2026.
• The Company engages GM Consulting Group Inc., an entity owned 50% by Mr. Hernandez and 50% by his spouse, for accounting and consulting services; the filing reports consulting fees of $100,000 for the year ended Dec 31, 2025 and $120,833 for the nine months ended Sep 30, 2026. The filing also discloses Mr. Hernandez’s professional credentials and prior roles.

Why it may matter

• Item 2.02 (results of operations and financial condition) covers the Company’s preliminary estimated revenue results. Item 5.02 (departure of directors or certain officers; election of directors) covers the removal of the prior CFO, the appointment of the new CFO, and the employment agreement amendment.
• The filing does not show why the insider traded or why the company acted.