Avax One Technology details terms of Chris Polimeni's CFO exit

Avax One Technology Ltd. has disclosed the specific financial terms of its separation agreement with Chris Polimeni, who stepped down as Chief Financial Officer on August 17, 2026. The company filed an amendment to its initial Current Report on Form 8-K with the Securities and Exchange Commission to provide additional clarity on the arrangement, which was originally reported on August 19, 2026. This updated filing, designated as Amendment No. 2, supplements the prior disclosure and is intended to be read in conjunction with the initial report.

The separation agreement, dated October 13, 2026, is effective as of August 18, 2026. Under the terms of this document, Polimeni is formally separated from his role as Chief Financial Officer and receives an associated separation payment. The company has also engaged him as an independently contracted consultant through March 31, 2027. For services rendered during this consulting period, Polimeni will receive a monthly fee of $10,000.

Avax One Technology Ltd., a British Columbia corporation with principal executive offices in West Palm Beach, Florida, trades common shares on The Nasdaq Capital Market under the ticker symbol AVX. The company is identified as an emerging growth company in its SEC filings. The amendment was signed by Peter Wylie Jr., who serves as Interim Chief Executive Officer, on October 16, 2026.

The filing explicitly states that it does not amend the Initial Form 8-K in any other way and does not modify or update any other disclosures contained within that initial report. The full text of the Separation and Consulting Agreement is attached as Exhibit 10.1 to the document and is incorporated by reference into the filing.