Independence Power Holdings, Inc. 8-K

What Happened
Independence Power Holdings, Inc. filed an 8-K on February 20, 2026 disclosing that on February 13, 2026 the Board approved increasing its size from five to seven members and immediately appointed Brian L. Cantrell and Mathew Newfield as directors. Both appointees were added to the Audit Committee (with Mr. Cantrell named Audit Committee chair) and the Board established a new Compensation Committee with Messrs. Cantrell, Newfield and H. Nicholson Carter as initial members and Mr. Newfield as chair. Each new director will serve until a successor is elected or earlier death, resignation or removal, and will receive compensation consistent with the Company’s independent director pay structure.

Key Details

• Board change date: February 13, 2026; 8-K filed February 20, 2026.
• Board size increased from 5 to 7 members; appointees: Brian L. Cantrell and Mathew Newfield.
• Committee roles: Cantrell named Audit Committee chair; Compensation Committee formed with Newfield as chair.
• Backgrounds: Cantrell — former Senior VP & CFO of Alliance Resource Partners (retired Mar 2023), CPA (ret.), Master/Bachelor of Accountancy (Univ. of Oklahoma). Newfield — President & CTO of Diversified; formerly SVP & Chief Security Infrastructure Officer at Unisys; cybersecurity industry memberships.

Why It Matters
The Board additions add finance and cybersecurity/technology expertise to Independence Power’s governance—Cantrell brings extensive CFO and accounting experience, while Newfield brings security and technology leadership. Creation and staffing of the Audit and Compensation Committees are governance actions that affect oversight of financial reporting and executive pay. The filing states there are no related-party transactions or family relationships involving the new directors, and compensation will follow the Company’s independent director policy. Investors should note these governance changes as part of the company’s oversight and risk-management profile.