Verses AI Inc. 8-K

What Happened

• Verses AI Inc. filed an 8-K reporting that James Hendrickson, the Company’s President and Chief Operating Officer, resigned effective immediately on June 15, 2026. Mr. Hendrickson said his resignation was due to disagreements with the Board, including disputes over compensation practices and alleged non-payment of earned wages to certain W‑2 employees, including himself. The Board acknowledged receipt of his resignation.
• On June 18, 2026, the Company issued a press release announcing it will discontinue its artificial intelligence research and development activities and will refocus on evaluating and pursuing alternative business opportunities (press release attached as Exhibit 99.1).

Key Details

• Resignation date: June 15, 2026; officer: James Hendrickson, President & COO; effective immediately.
• Reason cited by resigning officer: disagreements with the Board, including non-payment of earned wages to certain W‑2 employees (including the officer).
• Strategic change announced: discontinuation of AI R&D (press release dated June 18, 2026; Exhibit 99.1).

Why It Matters

• Leadership change and a decision to stop core AI research are material operational developments. They could affect the company’s product roadmap, staffing, and future revenue prospects, but the filing does not quantify financial impact.
• Investors should watch for follow-up disclosures about management succession, any remediation of wage claims, details on the company’s new strategic direction, and any related financial statements or cost impacts disclosed in future filings.