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- Departure of CEO (new) — Co-CEO Michelle Burke resigned from both executive and board positions effective immediately, just one month after the business combination.
Z Squared Co-CEO Michelle Burke resigns after one month, Halabu becomes sole CEO
Filed May 22, 2026 · Period ending May 22, 2026 · ~1 min read
Key Changes
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Co-CEO Michelle Burke resigned effective May 22, 2026, just one month after the business combination closed on April 24. She is returning to Minting Dome, Inc., with no disclosed disagreements on company operations or policies.
Item 5.02(b) verify on EDGAR → -
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David Halabu transitions from Co-CEO to sole Chief Executive Officer effective immediately, with no changes to his compensation arrangements.
Item 5.02(c) verify on EDGAR → -
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Burke's departure creates a board vacancy that has not yet been filled. The company has not announced plans for a replacement director.
Item 5.02(b) verify on EDGAR → -
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The existing Master Services Agreement with Minting Dome, Inc. (Burke's new employer) remains in effect despite her departure.
Item 5.02(b) verify on EDGAR →
Summary
Z Squared Inc. announced the sudden resignation of Co-CEO Michelle Burke, effective May 22, 2026, barely a month after the company's business combination closed on April 24. Burke is returning to Minting Dome, Inc., though the company maintains its existing services agreement with that entity.
While the filing states there were no disagreements on operations or policies, the extremely short tenure raises questions about the post-merger integration. David Halabu, who had shared the CEO role with Burke, now serves as sole Chief Executive Officer with unchanged compensation.
The abrupt shift from a co-CEO structure to single leadership so soon after the merger represents a significant governance change for the newly public company. Burke's board seat remains vacant with no announced succession plan. Investors should watch for: (1) any further executive departures or organizational changes, (2) the company's next earnings call for management commentary on strategic direction, and (3) whether the board fills Burke's vacancy with an independent director or leaves the seat open.
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 →
On May 22, 2026, Michelle Burke notified the Board of Directors (the “Board”) of Z Squared Inc. (the “Company”) of her resignation as Co-Chief Executive Officer and director of the Company, effective May 22, 2026. The Board accepted Ms. Burke’s resignation on the same date.
Michelle Burke resigned as Co-Chief Executive Officer and director effective May 22, 2026. The company disclosed that her resignation was not due to any disagreement with the company on operations, policies, or practices. Ms. Burke is returning to Minting Dome, Inc., and the existing Master Services Agreement with that entity remains in effect.
Added in current filing · verify on EDGAR →
Following Ms. Burke’s resignation described in Item 5.02(b) above, David Halabu, who had served as a Co-Chief Executive Officer of the Company alongside Ms. Burke since April 24, 2026, will continue to serve as the sole Chief Executive Officer of the Company, effective May 22, 2026.
David Halabu transitions from Co-CEO to sole CEO effective May 22, 2026. He had only served as Co-CEO for an undisclosed amount one month since the business combination closed on April 24, 2026. There were no changes to his compensation arrangements in connection with this transition.
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Figures/quotes linked to EDGAR · Narrative written by AI · May 24, 2026 · How we verify