Firy Inc. Board Change: Marc Lasry Appointed; Gary Vecchiarelli Resigns

What Happened
Firy Inc. announced that director Gary Vecchiarelli notified the board on September 11, 2026 that he will resign as a director and as a member of the Audit and Compensation Committees, effective October 1, 2026. On September 12, 2026 the board appointed Marc Lasry to fill the vacancy, with his appointment also effective October 1, 2026. The filing states Vecchiarelli’s resignation is not due to any disagreement with the company. Mr. Lasry has not been assigned to any board committees yet.

Key Details

• Resignation notice: Gary Vecchiarelli informed the board on September 11, 2026; effective October 1, 2026.
• Appointment: Marc Lasry appointed by the board on September 12, 2026; effective October 1, 2026.
• Background: Lasry is Chairman, CEO and Co‑Founder of Avenue Capital Group; over 42 years in credit investing; holds a B.A. from Clark University and a J.D. from New York Law School.
• Governance/compensation: Board determined Lasry is an independent director under NYSE rules; he will receive the company’s standard non‑employee director compensation as disclosed in the April 30, 2026 proxy and will enter into the company’s standard indemnification agreement. No related-person transactions or family relationships were reported.

Why It Matters
This is a board-level governance change—one director is departing and a new, experienced credit investing executive is joining. For investors, the filing signals continuity (resignation not due to disagreement) and a potential shift in board expertise toward credit and distressed investing through Mr. Lasry’s background. There are no disclosed transactions, family ties, or special compensation arrangements that would raise governance concerns, and no immediate changes to board committees were reported.