SenesTech appoints Michael Edell as CEO with $360K salary and 5% equity grant

Filed May 7, 2026 · Period ending May 6, 2026 · ~1 min read

Key Changes

• high

  Michael Edell, 62, appointed President and CEO effective May 6, 2026, replacing Joel Fruendt. Edell previously served as Interim COO since October 2025 and founded multiple consumer goods companies.

  Item 5.02 verify on EDGAR →
• high

  Edell granted stock options representing 5% of outstanding shares, vesting quarterly over three years. Exercise requires shareholder approval to increase shares under 2018 plan, representing significant potential dilution.

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• medium

  New CEO receives $360,000 base salary plus 60% target bonus ($216,000). If terminated without cause, entitled to 6-12 months severance, healthcare costs, full option vesting, and prorated bonus.

  Item 5.02 verify on EDGAR →