AirJoule Adds Two Independent Directors, Names New Audit Chair

AirJoule Technologies (Nasdaq: AIRJ) filed an 8-K reporting board changes effective June 25 2025.

Rhea-AI Filing Summary

AirJoule Technologies (Nasdaq: AIRJ) filed an 8-K reporting board changes effective June 25 2025.

• Appointed Denise Sterling and Thomas Murphy as independent Class II directors; Murphy will chair the Audit Committee and join Nominating & Corporate Governance, while Sterling joins Audit and Compensation.
• Paul Dabbar and Kyle Derham resigned; no disagreements cited.
• Board size remains eight; new directors to receive standard non-employee compensation.
• No related-party transactions disclosed; Exhibit 99.1 contains the press release.

The reshuffle maintains majority independence and upgrades audit oversight, factors relevant to governance-focused investors.

Positive

• Appointment of independent director Thomas Murphy as Audit Committee Chair enhances financial oversight
• Board retains eight members with majority independence, reinforcing governance stability

Negative

• Simultaneous resignation of two directors introduces short-term continuity risk despite orderly transition

Insights

Corporate Governance Specialist

Board refresh boosts independence and audit rigor; net positive.

Adding two fresh, independent voices—one as Audit Committee Chair—strengthens oversight and aligns with Nasdaq requirements. Seamless replacement preserves board size and institutional balance, signalling proactive governance. Enhanced audit leadership may improve financial reporting quality and reduce compliance risk, a constructive development for shareholders.

Risk Analyst

Neutral overall: benefits offset by transition risk.

While independence rises, simultaneous loss of two seasoned directors can create short-term knowledge gaps. Impact hinges on how quickly Sterling and Murphy grasp the firm’s technology-driven strategy. Absence of disagreements and unchanged compensation mitigate downside, leaving valuation effects limited for now.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

Why did AIRJ file an 8-K on June 26 2025?

To report board changes under Item 5.02, including two director appointments and two resignations effective June 25 2025.

Who joined AirJoule's board and what committees will they serve on?

Denise Sterling joins the Audit and Compensation Committees; Thomas Murphy becomes Audit Committee Chair and joins Nominating & Corporate Governance.

Which directors resigned from AIRJ on June 25 2025?

Paul Dabbar and Kyle Derham resigned from the board and all committees; no disagreements with the company were reported.

Does the board size change after these moves?

No. After replacing two departing directors with two new appointees, the board remains at eight members.

Will Sterling and Murphy receive special compensation?

No. They will be paid under the existing Non-Employee Director Compensation Program referenced in Exhibit 10.5 to the May 13 2025 10-Q.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/26/2025 - 08:01 AM Learn about SEC filing dates

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 25, 2025

AirJoule Technologies Corporation

(Exact name of registrant as specified in its charter)

Delaware		001-41151		86-2962208
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

34361 Innovation Drive Ronan, Montana		59864
(Address of principal executive offices)		(Zip Code)

(800) 942-3083

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A Common Stock, par value $0.0001 per share		AIRJ		Nasdaq Capital Market
Warrants to purchase Class A common stock		AIRJW		Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Appointment of New Directors

Effective June 25, 2025, the Board of Directors (the “Board”) of AirJoule Technologies Corporation (the “Company”) appointed Denise Sterling and Thomas Murphy (together, the “New Directors”) to the Board. The Board has determined that the New Directors each satisfies the definition of “independent director” under the NASDAQ listing standards. The New Directors have each been designated as a Class II director with a term expiring at the next annual meeting of the Company’s stockholders. In connection with joining the Board, Ms. Sterling has also been appointed to serve on the Board’s Audit Committee and Compensation Committee, and Mr. Murphy has been appointed to serve on and Chair the Board’s Audit Committee and also serve on the Board’s Nominating and Corporate Governance Committee.

There are no arrangements or understandings between either of the New Directors and any other person pursuant to which either New Director was selected as a director. Furthermore, there are no transactions between either of the New Directors or any member of their respective immediate family and the Company or any of its subsidiaries that would be reportable as a related party transaction under the rules of the Securities and Exchange Commission.

The New Directors will be paid compensation in the same manner as the Company’s other non-employee directors. Information concerning the current cash and equity compensation of the Company’s non-employee directors is set forth in the Amended and Restated Non-Employee Director Compensation Program, which was filed as Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q on May 13, 2025.

Resignation of Current Directors

Effective June 25, 2025, Paul Dabbar and Kyle Derham each resigned as directors of the Company and from all committees of the Board on which they served. Neither resignation was the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Following these resignations, and as a result of the appointment of the New Directors, the size of the Board will remain at eight directors.

Item 9.01 Financial Statements and Exhibits

99.1		Press release of AirJoule Technologies Corporation, dated June 26, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AIRJOULE Technologies Corporation
Date: June 26, 2025	By:	/s/ Stephen S. Pang
	Name:	Stephen S. Pang
	Title:	Chief Financial Officer