Kingfish Holding Corp Appoints Lisa Matthews as COO with Stock Awards

What Happened
Kingfish Holding Corp announced that its Board appointed Lisa Matthews as Chief Operating Officer, effective July 14, 2026, and filed her Employment Agreement. The agreement is effective July 15, 2026 (dated July 22, 2026) and provides for an initial one-year term that automatically renews annually unless either party gives 90 days' notice. Ms. Matthews has prior operational experience in property management, vacation rentals and 15 years in the metal recycling industry.

Key Details

• Annual base salary: $75,000.
• Equity: a 2,000-share signing award plus performance-based stock bonuses: 1,000 additional common shares for each incremental increase of 500,000 pounds of processed and unprocessed scrap metal above a base monthly minimum of 1,000,000 pounds (the base minimum increases by 500,000 pounds each time an incremental target is achieved).
• Termination terms: if terminated for Cause or resignation without Good Reason, Ms. Matthews receives only accrued pay/benefits and forfeits unpaid stock bonus; if terminated without Cause or for Good Reason (and she timely executes a release), she receives accrued amounts, two weeks' continued base salary, and a pro‑rata accrued stock bonus for the fiscal year.
• No family relationships or reportable related‑party transactions were disclosed. The Employment Agreement is filed as Exhibit 10.1.

Why It Matters
The appointment adds an operations executive with industry experience and ties a meaningful portion of compensation to monthly scrap‑processing volumes, aligning pay with operational throughput. Investors should note the potential for equity issuance under the performance formula and that severance exposure on termination without Cause is limited (two weeks' salary plus accrued pro‑rata stock bonus if a release is signed). The full Employment Agreement is available as an exhibit to the filing for details.