AVAX One Technology Ltd. CFO Resigns; Stephanie Brady Named CAO

What Happened

• AVAX One Technology Ltd. announced that Chris Polimeni resigned as Chief Financial Officer effective August 17, 2026. He will remain with the company as a financial consultant through December 31, 2026. The company stated there was no disagreement with management and he was not removed for cause.
• On August 19, 2026, the company appointed Stephanie Brady (age 57) as Chief Accounting Officer and its primary financial officer. Ms. Brady had been AVAX One’s Corporate Controller since January 2026 and has over 30 years of accounting and finance experience, including roles at Deloitte, PwC, and as President of her consulting firm Nanook & Company, LLC.

Key Details

• Resignation effective date: August 17, 2026; consulting arrangement through December 31, 2026.
• New appointment date: August 19, 2026 — Stephanie Brady named Chief Accounting Officer and principal financial officer.
• Compensation change: Ms. Brady will receive $20,000 per month and is eligible for incentive payments tied to milestones for timely filing of the company’s financial statements.
• The company issued a press release on August 19, 2026 announcing the leadership transition.

Why It Matters

• A change in the senior financial officer is material for investors because it affects who is responsible for financial reporting and internal controls. The consulting arrangement through year-end aims to provide continuity during the transition.
• The pay increase and filing-related incentives signal the company is prioritizing timely financial reporting; investors should note potential near-term increases in administrative expenses and watch for subsequent filings and statements prepared under the new financial officer.