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- Departure of CFO (new) — Dr. Kimel transitioned from board member to CFO, representing a leadership change in the financial officer role.
KULR appoints board member Dr. Kimel as CFO, adds Steven Perez as independent director
Filed June 9, 2026 · Period ending June 9, 2026 · ~1 min read
Key Changes
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Dr. Michael Kimel, former Audit Committee Chair, appointed CFO at $350K salary plus future equity grant. He resigned from board to take the role; no disagreement with company cited.
Item 5.02 verify on EDGAR → -
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Steven Perez, 53, joins as independent director and new Audit Committee Chair. Board determined he qualifies as audit committee financial expert; receives $120K annual compensation.
Item 5.02 verify on EDGAR → -
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Dr. Kimel to receive restricted stock units as part of CFO package, with value and vesting terms to be determined later by Compensation Committee.
Item 5.02 verify on EDGAR → -
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Dr. Kimel has been CEO of Pricimetrics since 2019 with prior pricing/analytics experience at OmniSource, Toyo Tire; holds Ph.D. in Economics from UCLA.
Item 5.02 verify on EDGAR →
Summary
KULR Technology Group reshuffled its leadership on June 9, 2026, promoting board member Dr. Michael Kimel to Chief Financial Officer while simultaneously adding Steven Perez as an independent director to fill the governance gap. Dr. Kimel, who previously chaired the Audit Committee, will earn $350,000 annually plus equity awards to be determined.
His resignation from the board was explicitly not due to any disagreement with management. Perez, a sales executive at Twilio with prior stints at Salesforce and LinkedIn, immediately assumed the Audit Committee chair role and was deemed an audit committee financial expert by the board. For retail investors, this represents a significant shift in financial leadership. While Dr.
Kimel brings audit oversight experience from his board tenure, his operational background is primarily in pricing analytics rather than traditional CFO roles. The company announced these changes via press release the same day. Investors should watch for details on Dr. Kimel's equity compensation when the Compensation Committee finalizes those terms, as the structure will signal how aggressively the board is tying executive pay to performance.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Effective June 9, 2026, the Company appointed Dr. Kimel as Chief Financial Officer of the Company. Dr. Kimel has served as a member of the Company’s Board of Directors and, most recently, as Chair of its Audit Committee.
KULR appointed Dr. Michael Philip Kimel, age 56, as Chief Financial Officer. Dr. Kimel previously served as Chair of the Audit Committee and has been Founder and CEO of Pricimetrics, Inc. since July 2019, with prior experience in pricing and analytics roles at OmniSource United, Toyo Tire, and other companies. He holds a Ph.D. in Economics from UCLA.
Added in current filing · verify on EDGAR →
In connection with his appointment as Chief Financial Officer, Dr. Kimel will receive an annual base salary of $350,000. In addition, the Company expects to grant Dr. Kimel an equity award in the form of restricted stock units, the value, vesting terms, and other terms and conditions of which will be determined by the Compensation Committee of the Board at a later date.
Dr. Kimel will receive a $350,000 annual base salary as CFO. The company plans to grant him restricted stock units with terms to be determined later by the Compensation Committee. No other material compensatory arrangements were disclosed.
Added in current filing · verify on EDGAR →
Effective June 9, 2026, Dr. Michael Philip Kimel resigned from the Board of Directors (the “Board”) of KULR Technology Group, Inc. (the “Company”) and from his position as Chair of the Audit Committee of the Board, Member of the Compensation Committee of the Board and Co-Chair of the Nominating and Corporate Governance Committee of the Board, in each case in connection with his appointment as Chief Financial Officer of the Company as described in Item 5.02(c) below. Dr. Kimel’s resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
Dr. Kimel resigned from the Board and his committee positions (Audit Chair, Compensation member, Nominating Co-Chair) to assume the CFO role. The resignation was not due to any disagreement with the company.
Added in current filing · verify on EDGAR →
Effective June 9, 2026, the Board appointed Mr. Steven Perez as an independent member of the Board.
Steven Perez, age 53, was appointed as an independent director. He currently holds sales roles at Twilio Inc. and has prior experience at Salesforce, LinkedIn, and other technology companies. He was appointed Chair of the Audit Committee, Co-Chair of Nominating and Corporate Governance, and member of Compensation Committee. The Board determined he qualifies as an audit committee financial expert.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
In connection with his appointment to the Board, Mr. Perez will receive annual cash compensation of $120,000 for his service as a non-employee director and committee membership.
Mr. Perez will receive $120,000 annual cash compensation for his service as a non-employee director and committee member.
Event · Item 7.01 — Regulation FD Disclosure
KULR announced executive resignation and new appointments via press release on June 9, 2026.
Added in current filing · verify on EDGAR →
On June 9, 2026, the Company issued a press release announcing the resignation and appointments described in Item 5.02 above.
The company issued a press release on June 9, 2026 disclosing executive resignation and new appointments that were detailed in Item 5.02 of this 8-K. The specific details of which executives resigned or were appointed are referenced in Item 5.02, which is not included in the provided text. This disclosure is being furnished under Regulation FD to ensure fair disclosure of material information.
Event · Item 9.01 — Financial Statements and Exhibits
KULR Technology Group filed an 8-K attaching a press release dated June 9, 2026; no material event details disclosed in the filing body.
Added in current filing · verify on EDGAR →
Exhibit | No. | Description | 99.1 | Press Release dated June 9, 2026.
The 8-K references an attached press release dated June 9, 2026, but the filing body does not disclose the content or subject matter of that release. Without the exhibit text, the nature and materiality of the disclosed event cannot be determined from this filing.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 10, 2026 · How we verify