|8-KFeb 10, 4:30 PM ET

Greenwave Technology Solutions, Inc. 8-K

Research Summary

AI-generated summary

Updated

Greenwave Technology Solutions Appoints Part‑Time CFO Chelsea Pullano

What Happened

  • Greenwave Technology Solutions, Inc. announced that its Board appointed Chelsea Pullano as part‑time Chief Financial Officer, effective February 5, 2026. Danny Meeks resigned as interim CFO in connection with the appointment.
  • Pullano will provide executive financial oversight, review and certify SEC filings, coordinate financial reporting with auditors and counsel, and perform other customary CFO duties. Her appointment follows a scope of work (CFO Agreement) dated January 2, 2026, between the Company and MACK Financial Solutions, LLC, the firm Pullano co‑founded.

Key Details

  • Appointment effective date: February 5, 2026; 8‑K filed February 10, 2026 (press release attached as Exhibit 99.1).
  • Fees: Company will pay MACK $7,500 per month specifically for the CFO Services and $12,500 per month in aggregate for the broader MACK Services (bookkeeping, financial and SEC reporting).
  • Prior payments and agreements: MACK was paid $20,000 under a prior Consulting Agreement (entered Oct 8, 2025) for assistance with late SEC filings; that Consulting Agreement was superseded by the current CFO Agreement.
  • Agreement terms: The CFO Agreement may be terminated by either party with 30 days’ notice; Pullano receives the same indemnification and expense advancement protections as other officers.

Why It Matters

  • The company has formalized externalized financial leadership by contracting MACK and naming its co‑founder as part‑time CFO, signaling a move to centralize bookkeeping, financial reporting and SEC filing responsibilities under one provider and a named officer.
  • The monthly fees are modest and fixed ($7,500 for CFO duties; $12,500 total for outsourced services), which is relevant for investors tracking ongoing operating expenses related to compliance and reporting.
  • For investors, this change may affect the company’s ability to produce timely and accurate SEC filings and audited financials going forward, since the filing explicitly ties SEC reporting oversight to the new CFO and MACK’s services.