EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 Bonk, Inc. Names Mitchell Rudy President To Drive Path To Profitability And Direct Business Incubation SCOTTSDALE, AZ / ACCESS Newswire / April 29, 2026 / Bonk, Inc. (NASDAQ:BNKK) (“the Company”), a premier digital infrastructure company bridging traditional public markets and the decentralized economy, today announced the appointment of its founder, Mitchell Rudy (known professionally as Nom), as President. Rudy, who will continue to serve as a member of the Company’s Board of Directors, will lead the integration of high-growth digital asset strategies and direct business incubation into the Company’s core operations. A Mandate for Profitability and Strategic Ownership As President, Rudy has established a clear three-pillar mandate to drive shareholder value: Path to Profitability: Achieving consistent corporate profitability through the scaling of high-margin digital revenue streams. Targeted Asset Accumulation: Increasing the Company’s relative ownership of the BONK digital asset toward a target metric of 5% of the total supply. Direct Business Incubation: Launching new business lines directly out of BNKK to ensur…
Open exhibit ↗Current Report · Items 5.02, 7.01, 9.01 · 8-K
Bonk, Inc.
BNKKNASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On April 27, 2026 the board of directors (the “ Board ”) of Bonk, Inc. (the “ Company ”) appointed Mitchell Rudy to serve as President of the Company, effective immediately.…
Company context
Current securities
Disclosure sections
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
On
April 27, 2026 the board of directors (the “ Board ”) of Bonk, Inc. (the “ Company ”) appointed Mitchell
Rudy to serve as President of the Company, effective immediately.
On
April 27, 2026, the Company entered into an employment agreement (the “ Employment Agreement ”) with Mitchell Rudy.
Under
the terms of the Employment Agreement, for serving as the Company’s President, Mr. Rudy will receive an annual base salary equal
to $150,000. In addition, Mr. Rudy will be eligible to participate in the Company’s health, life, and disability insurance programs
and such other benefit programs as the Company may establish from time to time for its employees, in accordance with the Company’s
established procedures. The Employment Agreement includes typical non-disclosure and restrictive covenant provisions that the executive
must comply with.
The
above summary does not purport to be a complete summary of the Employment Agreement and is qualified in its entirety by reference to
the full text of the Employment agreement, a copy of which is filed herewith as Exhibit 10.1 and which is incorporated by reference herein.
There
are no arrangements or understandings between Mr. Rudy and any other persons pursuant to which he was appointed as President. There are
no family relationships between Mr. Rudy and any director or executive officer of the Company. Mr. Rudy is not a party to any transaction
requiring disclosure pursuant to Item 404(a) of Regulation S-K.
Item 7.01Item 7.01 - Regulation FD Disclosure
Item
7.01 Regulation FD Disclosure.
On
April 29, 2026, the Company issued a press release regarding the appointment, a copy of which is furnished as Exhibit 99.1 hereto.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits
Exhibit Description
─────────────────────────────────────────────────────────────────────────────────────────────────────────
10.1 Employment Agreement, dated April 27, 2026, by and between Mitchell Rudy and the Company
99.1 Press Release dated April 29, 2026 announcing appointment of Mitchell Rudy as President
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