Sharps Technology Inc. 8-K

What Happened

• Sharps Technology, Inc. (STSS) filed an 8-K (Feb 23, 2026) reporting it entered a fee agreement with DLA, LLC and appointed Arthur Levine as interim Chief Financial Officer, effective February 17, 2026. The fee agreement was signed on February 13, 2026 and Mr. Levine’s initial term is three months, which the company may extend at its discretion. The company also entered into its standard indemnification agreement with Mr. Levine, effective February 17, 2026.

Key Details

• Interim CFO: Arthur Levine, age 68; previously CFO of NextNRG, Inc. (Mar 2021–Jul 2023) and Sensus Healthcare (2014–2020); Wharton BS and CPA.
• Payment: Company will pay DLA, LLC $450 per hour for Mr. Levine’s services.
• Term & roles: Initial three-month term starting Feb 17, 2026 (may be extended); Paul Danner (Executive Chairman & Principal Executive Officer) will serve as the Company’s Principal Financial Officer during the transition.
• Corporate safeguards: Standard indemnification agreement executed; company says there are no related-party arrangements, family relationships, or reportable transactions under Item 404(a).

Why It Matters

• For investors, this filing explains how Sharps is handling a CFO vacancy: hiring an experienced interim CFO through an outside firm (DLA) on an hourly basis while it searches for a permanent CFO. The arrangement clarifies cost (hourly rate) and governance steps (indemnification, temporary coverage by the Executive Chairman), which can affect continuity of financial reporting and investor confidence during the transition.