Beyond Air, Inc. 8-K

What Happened

• Beyond Air, Inc. announced the appointment of Daniel Moorhead as its Chief Financial Officer, principal financial officer and principal accounting officer, effective January 5, 2026. The board approved the appointment on December 24, 2025 and the Employment Agreement was dated December 25, 2025.
• Mr. Moorhead (age 53) will replace Denton “Duke” Dewrell, who had been serving temporarily in the principal financial/accounting officer role and will remain employed by the company as controller. Moorhead is a CPA with a B.B.A. in Accounting (University of Northern Colorado) and most recently served as CFO of Zynex, Inc. from June 2017 to August 2025.

Key Details

• Start date: January 5, 2026; Employment Agreement effective December 25, 2025.
• Cash compensation: annual salary of $325,000; eligible for a discretionary bonus and participation in the company’s equity incentive plan.
• Equity inducement: stock option for 70,000 shares granted; vests 25% on the first anniversary and annually thereafter in three equal installments (per the plan and award agreement).
• No family relationships, arrangements, or related-party transactions were reported that would require disclosure under Item 404(a) of Regulation S-K.
• A press release announcing the appointment was filed as Exhibit 99.1 to the 8‑K.

Why It Matters

• This is a material executive change: appointing an experienced, permanent CFO replaces an interim arrangement and may affect the company’s financial leadership and reporting continuity.
• The employment terms (salary plus equity) align Moorhead’s compensation with ongoing company performance and provide a standard multi-year vesting incentive for retention.
• Denton Dewrell remaining as controller provides continuity in accounting operations during the transition.