SharonAI Holdings Appoints COO David Burns

What Happened

• SharonAI Holdings Inc. (SHAZ) announced that its Board appointed David Burns as Chief Operating Officer, effective September 7, 2026.
• Mr. Burns entered an employment agreement dated August 26, 2026, with SharonAI Pty Ltd (with SharonAI Holdings as guarantor). He succeeds Andrew Leece, who will transition to Head of Strategic Partnerships.
• The company furnished a press release about the appointment (Exhibit 99.1) and attached the Employment Agreement as Exhibit 10.1.

Key Details

• Base pay: AUD$550,000 per year (approx. US$395,000 using AUD/USD 0.7185).
• Incentives: eligible for up to 150% of base salary as an annual short-term incentive (cash and/or RSUs) and up to 150% of base as an annual long-term incentive (RSUs), at the Company’s discretion.
• Term & termination: employment is indefinite with a six‑month probationary period; standard notice is three months (company may pay in lieu), one week’s notice during probation; immediate termination for cause permitted.
• Contract provisions: includes customary confidentiality, IP assignment, post‑termination restraints and non‑compete. No reportable related‑party transactions; Mr. Burns has extensive prior leadership experience at Telstra and IBM and worked as an advisor since 2024.

Why It Matters

• This is a material executive staffing change: a new COO can affect SharonAI’s operations, execution and customer/data‑center relationships—areas the company highlighted by moving a founder into Head of Strategic Partnerships.
• Compensation is performance‑oriented (large incentive opportunity tied to base salary), signaling alignment of pay with operational and long‑term targets.
• The filing does not indicate immediate material financial items beyond executive pay terms; investors should note the leadership change and monitor subsequent disclosures for strategy, operational updates or guidance tied to the new COO’s role.