SolarMax Technology Director Steve Chen Resigns for Health Reasons

What Happened

• SolarMax Technology, Inc. (SMXT) filed a Form 8-K on May 19, 2026 reporting that director Steve Chen resigned from the company's board effective March 18, 2026.
• Mr. Chen stepped down for reasons of health and had been a member of the Corporate Governance and Nominating Committee.

Key Details

• Resignation effective date: March 18, 2026.
• 8-K filing date: May 19, 2026 (Accession No. 0001640334-26-000928).
• Board role affected: Director and member of the Corporate Governance and Nominating Committee.
• No successor or replacement was identified in the filing.

Why It Matters

• Director departures can affect board composition and committee functioning; investors should note the Corporate Governance and Nominating Committee now has a vacancy.
• This is a governance-level (non-financial) disclosure—there are no reported changes to executive management, financial results, or company operations in this filing.
• Shareholders should watch for future filings announcing a replacement director or committee reassignment.