Nordicus Partners Appoints Director Elizabeth Addonizio; Granted 25k Options

What Happened

• Nordicus Partners Corporation (NORD) filed an 8-K (Item 5.02) announcing that, effective September 1, 2026, the Board appointed Elizabeth Addonizio to fill the vacancy created by the recent resignation of director Andrew Ritter. The Company executed a Directors Agreement and an Indemnification Agreement with Ms. Addonizio on September 1, 2026.

Key Details

• Ms. Addonizio has ~25 years of finance and leadership experience (venture/private equity, investment banking) and serves in the U.S. Navy Reserve.
• Compensation under the Directors Agreement: a $10,000 annual cash retainer, payable in two installments per calendar year.
• Equity grant: options to purchase 25,000 shares of common stock at an exercise price of $4.09 per share; options are fully vested on the grant date and issued as Incentive Stock Options under the Company’s 2024 Stock Incentive Plan.
• A press release regarding the appointment was filed September 2, 2026.

Why It Matters

• Board change and governance: the appointment fills a director vacancy and brings a finance and military-intelligence background to the Board, which may influence oversight and strategy decisions.
• Compensation and potential dilution: the fully vested grant allows Ms. Addonizio to exercise up to 25,000 options at $4.09 per share, which could create up to 25,000 new shares if exercised; the cash retainer is $10,000 annually. Investors should note these items as routine board compensation and potential minor dilution to equity.