CitroTech Inc. 8-K

What Happened CitroTech Inc. (CITR) filed an 8-K reporting that directors Theodore Ralston and Jeffery Pomerantz resigned from the Board effective June 12, 2026. On June 17, 2026, the Board—following the Nominating Committee’s recommendation—appointed Michael Feigin (age 66) to fill one of the two vacancies, effective immediately.

Key Details

• Resignations: Theodore Ralston and Jeffery Pomerantz resigned effective June 12, 2026; resignations were not due to any disagreement with management or the Board.
• Appointment: Michael Feigin appointed June 17, 2026; will join the Audit Committee and Compensation Committee and will serve as Chair of the Nominating Committee.
• Background: Mr. Feigin has 35+ years in construction and real estate leadership; current President & CEO of JLA Consulting Group (since Sep 2020); former CEO of MFB Insurance Co. (Feb 2025–Feb 2026); former EVP & Chief Construction Officer at AvalonBay (Jun 2014–Mar 2020). Holds a B.A. from Yale and a J.D. from Brooklyn Law School.
• Governance/Compensation: No related-party arrangements or family relationships reported; Mr. Feigin will be paid per the company’s non-executive director compensation policy. The Nominating Committee has started a search to fill the remaining Board vacancy.

Why It Matters Board composition and committee memberships affect corporate oversight, risk management and strategic direction. The appointment adds experience in construction, real estate, insurance and enterprise risk—areas the company cites in describing Mr. Feigin’s qualifications. Investors should note the Board has one remaining open seat and the resignations were reported as non-dispute exits, indicating an orderly transition rather than governance conflict.