Current Report · Items 1.01, 5.02, 5.07, 9.01 · 8-K
BNB Standard Corp
Entry into a Material Definitive Agreement · Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Submission of Matters to a Vote of Security Holders
Item 1.01 Entry into a Material Definitive Agreement. As previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on June 24, 2026, the Board of Directors (the “Board”) of CEA Industries Inc. (the “Company”) appointed Alex Odagiu as the Interim President of the Company and a member of the Board, in each case, effective June 23, 2026.…
Company context
Current securities
Recent company filings
- POS AM filingOct 5, 2026
- Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · Regulation FD Disclosure · Other EventsOct 2, 2026
- SCHEDULE 13D/A - filed by YZILabs Management Ltd. regarding CEA Industries Inc.Sep 21, 2026
- Results of Operations and Financial ConditionSep 11, 2026
- 10-Q filingSep 11, 2026
Disclosure sections
Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
As previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on June 24, 2026, the Board of Directors (the “Board”) of CEA Industries Inc. (the “Company”) appointed Alex Odagiu as the Interim President of the Company and a member of the Board, in each case, effective June 23, 2026.
On July 20, 2026, the Company entered into an agreement (the “Consulting Agreement”) with W4 LLC, a Wyoming limited liability company (the “Consultant”), pursuant to which the Consultant will provide Mr. Odagiu to serve as the Interim President of the Company pursuant to the Cooperation Agreement dated June 23, 2026 by and between the Company and YZILabs Management Ltd., reporting directly to the Board. The Consultant is engaged as an independent contractor to provide specialized interim executive services.
As consideration for the consulting services that the Consultant will provide and the Consultant’s other obligations under the Consulting Agreement, the Company will pay the Consultant a monthly fee of $25,000, pro-rated for partial months. The Consultant has committed that Mr. Odagiu will provide the services as Interim President of the Company for 32 hours per week, separate and apart from any other services Mr. Odagiu performs as a member of the Board. During the term of the Consulting Agreement, Mr. Odagiu will not receive any separate cash compensation, cash retainer, meeting fee, cash bonus or similar cash payment from the Company for his service as a member of the Board, other than the fees payable to the Consultant under the Consulting Agreement. The Consultant will be reimbursed for all properly documented and invoiced travel and expenses reasonably incurred at the request of the Company.
The Consultant will serve as a consultant to the Company for a period commencing on the effective date of the Consulting Agreement until at least the appointment of a new Chief Executive Officer of the Company. Prior to the appointment of a new Chief Executive Officer, the Company may terminate the Consulting Agreement only for cause. Following the appointment of a new Chief Executive Officer, either party may terminate the Consulting Agreement for convenience upon 10 days’ prior written notice. Any termination of the Consulting Agreement by the Company will require approval by a majority of the members of the Board then in office, excluding Mr. Odagiu, who will recuse himself from any deliberation and vote regarding such termination.
As a condition of the Consultant’s retention, the Consultant agreed to a proprietary information and invention assignment agreement, which among other things, prohibits unauthorized use or disclosure of Company proprietary information.
The foregoing description of the Consulting Agreement is not complete and is qualified in its entirety by reference to the full text of the Consulting Agreement, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 5.02Item 5.02 - Departure/Election of Directors
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
The disclosure contained in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.
As previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC on March 16, 2026, David Namdar, the Company’s then-current Chief Executive Officer, would conclude his service in such role upon the earlier of (a) the Company’s next annual meeting of stockholders, (b) the appointment by the Board of a new or interim chief executive officer of the Company, or (c) August 31, 2026.
On July 22, 2026, the Board appointed William B. Miller, the Company’s Chief Financial Officer, to also serve as Interim Principal Executive Officer for purposes of the rules and regulations of the SEC (in addition to continuing to serve as the Company’s “principal financial officer” and “principal accounting officer”) until the appointment by the Board of a new or interim chief executive officer of the Company. Biographical and other information for Mr. Miller is contained in the section of the Company’s proxy statement for the Special Meeting (as defined below), filed with the SEC on June 30, 2026, entitled “Executive Officers” and is incorporated herein by reference. Mr. Miller will not receive any additional compensation in connection with his appointment as Interim Principal Executive Officer.
There are no family relationships between Mr. Miller and any director or executive officer of the Company that would require disclosure under Item 401(d) of Regulation S-K. There are no understandings or arrangements between Mr. Miller and any other person pursuant to which Mr. Miller was selected to serve as Interim Principal Executive Officer, other than
his existing employment relationship. There are no transactions involving Mr. Miller and the Company that would require disclosure under Item 404(a) of Regulation S-K.
Item 5.07Item 5.07 - Submission of Matters to Vote
Item 5.07. Submission of Matters to a Vote of Security Holders.
On July 22, 2026, the Company held its 2026 Special Meeting in Lieu of Annual Meetings of Stockholders (the “Special Meeting”) via live webcast online at www.virtualshareholdermeeting.com/BNC2026SM. As of June 22, 2026, the record date for the Special Meeting, 41,173,850 shares of the Company’s common stock were outstanding and entitled to vote at the Special Meeting. A summary of the matters voted on at the Special Meeting is as follows:
Proposal 1 - Election of six directors of the Company nominated by the Board and named in the proxy statement for the Special Meeting who will each serve until the next annual meeting of stockholders or until their successors are duly elected and qualified.
Nominee: For Withheld Broker Non-Votes
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Carly E. Howard 11,289,109 7,402,886 5,994,506
Alex Odagiu 18,395,531 296,464 5,994,506
Matthew Roszak 18,585,817 106,178 5,994,506
Annemarie Tierney 15,853,275 2,838,720 5,994,506
Glenn W. Tyranski 15,852,517 2,839,478 5,994,506
Ling “Ella” Zhang 18,425,023 266,972 5,994,506
Proposal 2 - Ratification of the appointment of Sadler, Gibb & Associates, L.L.C. as the Company’s independent registered public accounting firm for the fiscal year ending April 30, 2027.
For Against Abstain
────────────────────────────────────────
24,185,721 490,295 10,485
Proposal 3 - Approval, on an advisory basis, of the compensation of the Company’s named executive officers.
For Against Abstain Broker Non-Votes
────────────────────────────────────────────────────────────────
10,032,528 8,641,418 18,049 5,994,506
Proposal 4 - Approval of the CEA Industries Inc. 2025 Equity Incentive Plan.
For Against Abstain Broker Non-Votes
────────────────────────────────────────────────────────────────
5,979,996 12,705,550 6449 5,994,506
Proposal 5 - Approval of the CEA Industries Inc. 2026 Equity Incentive Plan.
For Against Abstain Broker Non-Votes
────────────────────────────────────────────────────────────────
10,545,185 7,241,066 905,744 5,994,506
Proposal 6 - Approval of the adjournment of the Special Meeting, if necessary or appropriate, to permit solicitation of additional proxies to hold the meeting and approve the foregoing proposals.
For Against Abstain
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16,259,972 7,252,130 1,174,399