AIxCrypto Co-CEO Kevin Richardson II, CFO And Director Koti Meka, And President Campbell Becher Resign As Board Appoints Director Jie (Jay) Sheng As New President And CFO
AIxCrypto Holdings, Inc. AIXC | 0.00 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Co-Chief Executive Officer and Director
On May 21, 2026, Kevin Richardson II notified AIxCrypto Holdings, Inc.'s (the "Company") board of directors (the "Board") of his resignation from the positions of Co-Chief Executive Officer and director of the Company, effective immediately. Mr. Richardson's departure is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Resignation of Chief Financial Officer and Director
On May 21, 2026, Koti Meka resigned from his positions as Chief Financial Officer and director of the Company. Mr. Meka's resignation as director is effective immediately, and his resignation as Chief Financial Officer is effective June 20, 2026. Mr. Meka's departure is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Resignation of President
On May 21, 2026, Campbell Becher resigned from his position as President of the Company, effective immediately. Mr. Becher's departure is not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.
Appointment of President and Chief Financial Officer
On May 21, 2026, the Board appointed Jie (Jay) Sheng, current independent director of the Company, as President, and as Chief Financial Officer, effective June 21, 2026. As a result of his appointment as an officer of the Company, Mr. Sheng has ceased to be an independent director of the Board or a member of the Company's audit committee, effective immediately.
Mr. Sheng, age 42, served as a member of the Board of Directors of the Company from October 2, 2025 to May 21, 2026, during which time he served as the chairman of the Company's audit committee. Since 2022, Mr. Sheng served as a member of the Board of Directors of Faraday Future Intelligent Electric Inc., a Nasdaq-listed electric vehicle company, where he was a member of the Nominating and Corporate Governance Committee and the Compensation Committee. Mr. Sheng served as Executive Director of Finance at North American Fuel Corporation and Deputy General Manager of China National Aviation Fuel Europe Limited, within the China National Aviation Fuel Group system, from 2008 to 2022, where he was responsible for financial management, budgeting, treasury management, risk control, and cross-border business operations. Mr. Sheng holds a Master's degree in Accounting and Financial Economics from the University of Essex.
