Powerus Corp: hires chief accounting officer

What happened The filing says the company entered into an employment agreement with Leah Lunger to be its Chief Accounting Officer, with an expected start date of Nov 16, 2026. The agreement was dated Oct 17, 2026 and sets an initial base salary of $235,000.

Key details

• Ms. Lunger, age 36, joins from Lunger Consulting LLC, where she provided public company financial consulting since Apr 2026.
• Prior experience includes five years at Red Cat Holdings, Inc., serving as chief financial officer from 2024 to 2025, vice president of finance from 2023 to 2024 and corporate controller from 2020 to 2023; she was controller of Fat Shark Holdings from 2017 to 2020.
• Compensation includes a grant of 150,000 non-qualified stock options and 50,000 restricted stock units, vesting in quarterly increments over the 4-year period beginning 3 months after her start date.
• If terminated without cause, Ms. Lunger will be entitled to severance equal to 3 months of base salary. She is a Certified Public Accountant and holds a B.S. in public accountancy and a B.A. in French from Calvin College. The filing states she has no family relationships with the company’s directors or executive officers and no transactions requiring disclosure under Item 404(a) of Regulation S-K.

Why it may matter The filing reports an Item 5.02 event: the appointment of an executive officer and the terms of her employment, including salary, equity awards and severance. This filing does not show why the insider traded or why the company acted.