Newton Golf Company, Inc. 8-K

What Happened
Newton Golf Company, Inc. announced the appointment of Gregg Hemphill to its Board of Directors, effective May 19, 2026. Mr. Hemphill will serve until the 2026 annual meeting and has been designated an independent director under Nasdaq and SEC rules. He was also appointed to the Board’s Audit, Compensation and Nominating and Corporate Governance Committees.

Key Details

• Appointment effective date: May 19, 2026; 8-K filed May 20, 2026.
• Term: Serves until the 2026 annual meeting and until a successor is elected and qualified.
• Committee assignments: Audit Committee, Compensation Committee, Nominating Committee (effective May 19, 2026).
• Compensation: annual cash retainer of $30,000 (pro-rata, paid quarterly), annual RSU grant with $37,500 fair value (vests after 12 months), plus an initial RSU award with $30,000 fair value granted May 19, 2026 (vests after 12 months).
• No related-party transactions or special arrangements reported in connection with his selection.

Why It Matters
Adding an independent director with committee assignments can strengthen board oversight, especially for audit and compensation matters. The disclosed cash and equity compensation informs investors about incremental board-related expenses and dilution (via RSUs). The filing provides no indication of any related-party issues or special agreements tied to the appointment.