Soluna Holdings, Inc 8-K

What Happened
Soluna Holdings, Inc. announced that interim CFO and Treasurer David Michaels will resign upon the effectiveness of the appointment of a new CFO. On January 19, 2026 the company named Michael Picchi as its new CFO and Treasurer, effective April 1, 2026. Mr. Picchi will begin working with Soluna as Head of Finance on March 9, 2026 (or another mutually agreed date). The company issued a press release under Regulation FD on January 20, 2026 announcing the change.

Key Details

• Appointment announced January 19, 2026; CFO/Treasurer role effective April 1, 2026; Head of Finance start date March 9, 2026.
• Compensation: base salary $375,000 per year; target annual bonus equal to 50% of base salary.
• Equity: expected grant of 1,281,850 restricted stock units (RSUs), time-based vesting, expected to be granted March 9, 2026.
• Separation terms: if terminated without Cause (or resigns for Good Reason) and executes a release, severance includes six months’ base salary, pro‑rated/earned bonuses as described, partial RSU vesting for six months, and up to six months employer COBRA premium support. If terminated for other reasons, only accrued salary and expense reimbursement are required.
• Background and conflicts: Mr. Picchi, age 59, has prior CFO and finance roles at TECFusions, GCX Inc., and East West Manufacturing; no family relationships or related‑party transactions requiring Item 404 disclosure. David Michaels’ resignation was not due to any disagreement with the company.

Why It Matters
A confirmed, permanent CFO provides leadership continuity for Soluna’s finance and capital markets activities. The compensation package (salary, sizable RSU award and bonus target) represents a material hiring cost and potential equity dilution to note on future share counts. Investors should watch the transition timeline (Head of Finance start March 9; CFO effective April 1) and any subsequent disclosures about related financial impacts or updates to corporate strategy from the new finance team. The full offer letter and press release are filed as exhibits to the 8‑K.