BOXABL Inc. Appoints New CFO and Chief Accounting Officer

What Happened

• BOXABL Inc. (BXBL) filed an 8‑K reporting a change in senior finance leadership. On September 11, 2026, the company concluded the employment of CFO Martin Costas (not due to any disagreement with the company). On September 14, 2026, the board appointed Larry King as Chief Financial Officer and principal financial and accounting officer. Heather Clayton will begin serving as Chief Accounting Officer on September 28, 2026.

Key Details

• Martin Costas’ employment as CFO concluded effective September 11, 2026; the company states there were no disagreements with management on operational, policy, or practice matters.
• Larry King (age 65) is a CPA with 35+ years in finance and 30+ years of SEC reporting experience; he will receive an annual salary of $300,000 and participation in the 2026 Omnibus Plan (see Exhibit 10.1).
• Heather Clayton has finance leadership experience including CFO roles (Vegas Golden Knights, ASTOUND Group); she will receive an annual salary of $250,000 and participation in the 2026 Omnibus Plan (see Exhibit 10.2). Her CAO role begins September 28, 2026.
• The filing discloses no family relationships or related‑party transactions requiring Item 404 disclosure for either new officer, and no other arrangements or understandings regarding their selections.

Why It Matters

• Changes to the CFO and CAO affect who is responsible for BOXABL’s financial reporting, internal controls and SEC filings—areas material to investors monitoring accuracy and timing of financial results and compliance.
• The appointments bring experienced, SEC‑reporting professionals to key roles, and their compensation arrangements (salaries and Omnibus Plan participation) are disclosed—useful for assessing management costs and governance.