SkyAI, Inc. 8-K

What Happened

• SkyAI, Inc. (STSS) announced in an 8-K that on May 22, 2026 it entered into an employment agreement appointing Arthur Levine as Chief Financial Officer, effective immediately. Mr. Levine (age 68) had been serving as interim CFO since February 2026 and previously provided fractional and interim consulting services to other companies from 2023–2026. His background includes CFO roles at NextNRG, Inc. (Mar 2021–Jul 2023) and Sensus Healthcare (2014–2020). He holds a B.S. from The Wharton School and is a Certified Public Accountant.

Key Details

• Base salary: $400,000 annually, payable at least monthly; subject to annual review.
• Annual cash bonus: up to 50% of base salary, contingent on performance and continued employment; payable by March 15 following the performance year.
• Severance: if terminated by the company without cause or resigns for good reason, Mr. Levine receives a lump-sum equal to 1× base salary and accelerated vesting of outstanding equity (subject to release). If termination occurs in connection with a change in control, severance is 3× base salary plus accelerated equity vesting.
• Post-employment restrictions: perpetual confidentiality covenant and non-compete and non-solicitation covenants for 18 months after termination.
• Initial equity grant plus eligibility for future equity awards at the Board’s discretion. Employment agreement is filed as Exhibit 10.1 to the 8-K.

Why It Matters

• The filing documents a permanent CFO appointment and the specific compensation and severance commitments the company made. For investors, this clarifies who will lead SkyAI’s financial function and what cash and equity obligations (salary, bonus, severance, and equity awards) the company may incur under his agreement. The 18-month post-employment restrictions and potential accelerated equity vesting on certain terminations are also material governance and compensation terms to note.