MOVING iMAGE TECHNOLOGIES INC. 8-K

What Happened
MOVING iMAGE Technologies Inc. (MITQ) filed an 8-K (Item 5.02) reporting that CFO William F. Greene retired and resigned effective April 27, 2026. The company said his resignation was not due to any disagreement with the company. Mr. Greene will remain engaged in an advisory capacity through approximately October 2026. The Board named Bart Bedard as the new Chief Financial Officer, also effective April 27, 2026.

Key Details

• William F. Greene resigned as CFO effective April 27, 2026; he will serve as an advisor through ~October 2026.
• Bart Bedard's offer: base salary $200,000 per year and a $10,000 signing bonus (repayable pro rata if he voluntarily leaves within 12 months).
• Equity: 75,000 stock options granted at fair market value on April 27, 2026; 25% vest immediately, the remaining 75% vest in equal annual installments over three years.
• Background: Bedard has 30+ years of U.S. and international finance experience, an accounting BA (BYU), an MBA (Cal State Fullerton), and a currently inactive CPA license. No related-person transactions or referral arrangements were reported.

Why It Matters
A change in the CFO is a material leadership event that can affect financial reporting and investor confidence. The filing shows a planned transition (retirement plus advisory support) rather than a dispute, and the new CFO’s compensation includes both cash and equity incentives tied to multi-year vesting, which aligns his interests with longer-term performance. Investors should note the effective date (April 27, 2026) and the advisory overlap through October 2026 as the company completes the transition.