Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when SHAZ files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsSharonAI co-founder Andrew Leece moves from COO to Head of Strategic Partnerships under fixed-term deal
Filed September 11, 2026 · Period ending September 8, 2026 · ~1 min read
Key Changes
-
high
Co-founder Andrew Leece's role changes from Chief Operating Officer to Head of Strategic Partnerships, with David Burns already named as COO successor.
Item 1.01 verify on EDGAR → -
high
Leece's employment becomes fixed-term through March 31, 2027, with automatic termination and no notice or payment in lieu required.
Item 1.01 verify on EDGAR → -
medium
Leece keeps his AUD$563,380 base salary (about US$400,000) and receives a fixed short-term incentive of AUD$422,535 for COO service, payable after December 31, 2026.
Item 1.01 verify on EDGAR → -
medium
Leece retains 151,219 unvested RSUs that continue to vest under a Deed of Release schedule, but all other previously granted RSUs are forfeited as of September 7, 2026.
Item 1.01 verify on EDGAR → -
medium
Leece controls 45,447 Class B Super Voting shares, which together with other co-founders' holdings represents significant voting power.
Item 1.01 verify on EDGAR →
Summary
SharonAI Holdings has amended co-founder Andrew Leece's employment agreement, shifting him from Chief Operating Officer to Head of Strategic Partnerships. The change is framed as providing founder-level sponsorship for key customer, data center, and strategic relationships.
His employment is now fixed-term through March 31, 2027, with automatic termination and no notice or payment in lieu required, though the parties may mutually agree to extend. Leece retains his base salary of AUD$563,380 (about US$400,000) and will receive a fixed short-term incentive of AUD$422,535 for his COO service, payable after December 31, 2026.
He also retains 151,219 unvested RSUs that continue to vest under a Deed of Release schedule, while all other previously granted RSUs are forfeited. The filing notes Leece controls 45,447 Class B Super Voting shares, giving him significant voting power alongside other co-founders. For retail holders, this is a governance and compensation update rather than a material business event. The role change and fixed-term arrangement formalize Leece's transition away from day-to-day operations while keeping him engaged in strategic partnerships. The forfeiture of most RSUs and the fixed-term structure suggest a planned succession, but the filing does not indicate any disagreement or adverse development.
Section-by-Section Diff
Event · Item 1.01 — Entry into a Material Definitive Agreement
SharonAI amends co-founder Andrew Leece's employment: COO to Head of Strategic Partnerships, fixed term to Mar 2027, with revised pay and equity.
Added in current filing · verify on EDGAR →
Mr. Leece’s position has changed from Chief Operating Officer to Head of Strategic Partnerships
The company's co-founder and former COO moves to a strategic partnerships role, with David Burns already named as his COO successor in a prior filing. The change is framed as providing founder-level sponsorship for key customer, data center, and strategic relationships.
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 incorporates by reference the compensatory arrangements disclosed in Item 1.01 of the 8-K.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
The disclosures set forth in Item 1.01 of this Current Report on Form 8-K regarding compensatory arrangements are incorporated and made a part of this Item 5.02 by reference.
This Item 5.02 does not disclose any new officer departures, elections, appointments, or compensatory arrangements. It simply incorporates by reference the compensatory arrangement disclosures already made in Item 1.01 of the same 8-K.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Sep 14, 2026 · How we verify