Powerus Corp: appoints chief operating officer

What happened The filing reported that on Oct 1, 2026, the company appointed Colin Chisholm as its chief operating officer, with an expected start date of Oct 12, 2026. The filing also reported that on Oct 1, 2026, the company completed its merger with Autonomous Power Corporation and issued approximately 134,600,000 shares of common stock; immediately following the closing the company had 163,838,861 shares of common stock outstanding.

Key details

• Mr. Chisholm, age 45, will enter into an employment agreement with an initial term of 2 years and an initial base salary of $325,000.
• He will be entitled to a target annual incentive award opportunity of between 30-40% of his then-current annual base salary and will participate in employee benefit plans in effect from time to time.
• As part of his hiring, Mr. Chisholm will receive a grant of 300,000 restricted stock units, vesting in six month increments over the 4-year period beginning six months after his start date.
• The filing describes Mr. Chisholm’s prior roles, including COO of Forterra from 2024-2026, director of production operations at Tito’s Handmade Vodka from 2019-2024, engineering director roles at Siemens, and service in the United States Marine Corps from 2003-2014, where he attained the rank of Major and received the Bronze Star Medal.

Why it may matter The filing reports an Item 5.02 officer appointment (which covers the departure or election of directors or certain officers) and an Item 7.01 regulation FD disclosure (which reports the company’s post-merger shares outstanding). A filing does not show why the insider traded or why the company acted.