Polar Power, Inc. Elects Two Independent Directors (Ahern, Shalom)

What Happened
Polar Power, Inc. filed a Form 8‑K (filed Aug 24, 2026) reporting that on August 17, 2026 its Board elected Jim Ahern and Menachem “Menny” Shalom to fill two Board vacancies. Both were appointed as independent directors and will serve on the Board’s Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. The company issued a press release announcing the appointments on August 18, 2026 (furnished as Exhibit 99.1).

Key Details

• Election date: August 17, 2026; press release dated August 18, 2026.
• Both directors are designated as independent and will serve on Audit, Compensation, and Nominating & Corporate Governance committees.
• Jim Ahern: ASU W. P. Carey School of Business faculty, 40+ years of corporate leadership and consulting experience; holds a B.A. and a master’s degree.
• Menachem “Menny” Shalom: current CEO of T3 Defense (since Sept 2024) and CEO/board member of several public and private companies; Shalom’s appointment follows a right granted to Mayers Ventures LLC under a convertible promissory note issued by Polar on June 30, 2026, allowing Mayers to designate a Board member.

Why It Matters
Board changes affect company governance and oversight. Adding two independent directors with audit and governance committee assignments can influence Polar Power’s oversight of financial reporting, executive pay and corporate governance practices. Investors should note the connection between the June 30, 2026 convertible note and Mr. Shalom’s designation by Mayers Ventures LLC, as that arrangement gives a creditor/investor a direct Board influence. The press release is available as Exhibit 99.1 to the 8‑K for additional context.