Current Report · Items 5.02, 9.01 · 8-K
Moving iMage Technologies, Inc.
MITQNYSE_AMERICANEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. Resignation of William F. Greene On April 27, 2026, William F. Greene notified Moving iMage Technologies, Inc. (the “Company”) of his retirement and resignation from his position as Chief Financial Officer of the Company effective April 27, 2026. Mr.…
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 Arrangement of Certain Officers.
Resignation of William F. Greene
On April 27, 2026, William F. Greene notified Moving iMage Technologies, Inc. (the “Company”) of his retirement and resignation from his position as Chief Financial Officer of the Company effective April 27, 2026. Mr. Greene’s decision to resign as the Chief Financial Officer was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. The Company will engage Mr. Greene in an advisory capacity through approximately October 2026.
Appointment of Bart Bedard
The Board of Directors of the Company named Bart Bedard (“Bedard”), age 70, as Chief Financial Officer of the Company, effective April 27, 2026.
On April 27, 2026, the Company extended an employment offer letter (the “Offer Letter”) to Bart Bedard for the position of Chief Financial Officer of the Company, effective April 27, 2026.
The terms of Mr. Bedard’s Offer Letter provide for a base salary of $200,000 per year and a signing bonus of $10,000 payable within 30 days of the start date, subject to a pro-rata repayment if Mr. Bedard voluntarily resigns within twelve months. In addition, Mr. Bedard will be granted 75,000 stock options (the “Options”) at fair market value on the date of grant, of which 25% of the Options will vest immediately, and 75% of the Options will vest in equal annual installments over three years. The date of grant shall be April 27, 2026.
Mr. Bedard brings over 30 years of US and international financial and accounting leadership experience in CFO and senior finance positions He has a strong track record supporting strategic growth plans and identifying and implementing efficiency, cost reduction and financial controls improvement initiatives. Mr. Bedard has directed financial reporting, audits, budgeting, compliance and dozens of sourcing and other significant cost saving initiatives.
Mr. Bedard earned his BA in Accounting at Brigham Young University and an MBA from California State University, Fullerton and a Certified Public Accounting license (currently inactive). He began his professional career in Corporate Controller and Director of Finance roles at subsidiaries of Goodrich and L-3 Harris Technologies. Since 2021, he has served as a financial consultant supporting audits and financial reporting, including ensuring compliance, improving efficiency, strengthening internal controls, and identifying risks for several private equity-backed companies with revenues between $50M and $1B.
There is no arrangement or understanding between Mr. Bedard and any other person pursuant to which he was selected as Chief Financial Officer, and there are no family relationships between him and any director, executive officer or person nominated or chosen by the Company to become an executive officer. There are no transactions involving Mr. Bedard to be reported pursuant to Item 404(a) of Regulation S-K.
The description of the Offer Letter set forth under this Item 5.02 is qualified in its entirety by reference to the complete terms and conditions of the Offer Letter which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.