BOXABL Inc. Appoints Timothy Goldsmith as Audit Committee Chair

What Happened
BOXABL Inc. announced on September 24, 2026 that it expanded its board and appointed Timothy Goldsmith as a director, naming him Chairman of the Audit Committee and a member of the Nominating and Corporate Governance Committee. The board determined Mr. Goldsmith is independent under Nasdaq rules and qualifies as an “audit committee financial expert.” Dr. Morris A. Davis, who previously chaired the Audit Committee, will remain a committee member. The board also restructured committee memberships—removing Zvi Yemini as Chair of the Nominating and Corporate Governance Committee (he remains a member), appointing Dr. Morris A. Davis as that committee’s Chair, removing Larry G. Swets from that committee, and removing Zvi Yemini from the Audit Committee.

Key Details

• Appointment effective September 24, 2026; board determined Goldsmith is independent and an “audit committee financial expert.”
• Director compensation under BOXABL’s 2026 non-employee director package: $75,000 annual cash retainer (paid quarterly), $175,000 in Restricted Stock Units with a one-year cliff vest, plus $20,000 additional cash for serving as Audit Committee Chair and $6,000 for serving on the Nominating & Corporate Governance Committee; all amounts prorated for 2026 service beginning Sept. 24.
• Goldsmith background: nearly 21 years at Ernst & Young, audit partner from 2018–2026, oversaw 20+ complex audits and teams of 30+, experienced with U.S. GAAP, IFRS, SEC/PCAOB standards, M&A accounting; holds a BBA from Ohio University and is a CPA (Ohio, Georgia, New Jersey, Nevada).

Why It Matters
An independent, experienced audit committee chair who is designated as an audit committee financial expert can strengthen oversight of BOXABL’s financial reporting and internal controls—an area investors watch closely for newly public or rapidly growing companies. The disclosed compensation (cash and RSUs) is material for understanding near-term board-related expenses and potential equity dilution. The committee reshuffle also changes governance leadership, which can affect how the company handles audit reviews, compliance, and board-level oversight going forward.