Greenland Energy Co 8-K

What Happened

• On June 5, 2026, Greenland Energy Co (GLND) received the immediate resignation of director Daniel M. McCabe, who also stepped down from the Board’s Audit Committee. The Board that day appointed Carol Craig (age 59) to fill the Class I director vacancy and added her to the Audit Committee. The Company issued a press release about the appointment on June 11, 2026.

Key Details

• Resignation effective date: June 5, 2026; not due to any disagreement with the Company on operations, policies or practices.
• Appointment effective date: June 5, 2026; Ms. Craig will serve until the 2027 annual meeting or until a successor is elected.
• Ms. Craig’s background: Founder, CEO and Chair of Sidus Space, Inc. since 2012; led Sidus through a Nasdaq IPO (Dec 2021) and satellite launches (LizzieSat-1 in Mar 2024, LizzieSat-2 in Dec 2024). Former founder of Craig Technologies and a former U.S. Navy naval aviator.
• Independence and committee eligibility: The Board concluded Ms. Craig is an independent director and meets Nasdaq and Rule 10A-3 audit committee independence requirements. Compensation will follow the Company’s non-employee director policy.

Why It Matters

• This 8-K documents a board composition change and a new Audit Committee member, which affects corporate oversight and governance. Investors should note the appointment replaces a departing director immediately and that the new director has public company and aerospace operational experience. The filing also confirms there was no disagreement prompting the resignation, and the appointment complies with Nasdaq independence and audit-committee rules.