Ocean Capital Acquisition Corp: Board Changes — Two Resignations, Two Appointments

What Happened
Ocean Capital Acquisition Corporation (OCAC) filed an 8-K (Item 5.02) disclosing board changes in August 2026. On August 14, 2026, directors Hin Wing (Simon) Wong and Dr. Hiu Man (Elliott) Cheng resigned from the Board; Dr. Cheng also stepped down as Chair of the Audit, Corporate Governance & Nominating, and Compensation Committees. The resignations were not due to any disagreement with the company. The Board then appointed Wei‑Chieh Hao (effective August 16, 2026) as an independent director and Chair of the Corporate Governance & Nominating and Compensation Committees, and Richard T. Betts (effective August 18, 2026) as an independent director and Chair of the Audit Committee.

Key Details

• Two resignations: Mr. Hin Wing (Simon) Wong and Dr. Hiu Man (Elliott) Cheng, both effective August 14, 2026; Dr. Cheng also resigned as chair of three board committees.
• Two appointments: Mr. Wei‑Chieh Hao (appointed Aug 16, 2026) named independent director and chair of Corporate Governance & Nominating and Compensation Committees; Mr. Richard T. Betts (appointed Aug 18, 2026) named independent director and chair of the Audit Committee.
• Backgrounds: Mr. Hao has 25+ years in asset management and financial services (roles at Meyer Capital Group, Innovest, Ever‑Long, other firms); Mr. Betts has 20+ years in audit and sustainability/climate roles (former roles at EY, KPMG, ERM, Deloitte).
• The filing states there were no disagreements leading to the resignations and no related‑party or family ties to disclose for the new directors.

Why It Matters
Board composition and committee leadership affect oversight of financial reporting, governance and executive compensation. Investors should note the quick replacement of members with independent directors who will lead key committees (Audit; Governance & Nominating; Compensation). These are governance changes rather than operational or financial disclosures; there were no reported disputes or related‑party concerns in the filing.