AVAX One (AVX) reshapes finance team amid ongoing CEO search
Rhea-AI Filing Summary
AVAX One Technology Ltd. (AVX) reported a change in its senior finance leadership. On August 17, 2026, Chief Financial Officer Chris Polimeni resigned from his CFO role and will remain as a financial consultant through December 31, 2026. The company stated his departure was not due to any disagreement regarding operations, policies, or practices and that he was not removed for cause.
Effective August 19, 2026, Stephanie Brady, age 57, was appointed Chief Accounting Officer and designated as the company’s primary financial officer. Brady, previously Corporate Controller since January 2026, has over 30 years of finance and accounting experience, including prior CFO and senior finance roles. In connection with her expanded responsibilities, she will receive $20,000 per month in compensation and is eligible for incentive pay tied to timely filing of the company’s financial statements. AVAX One describes itself as a digital infrastructure company focused on Avalanche digital assets, bitcoin mining facilities, and modular data centers.
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Filing Explained
The board’s previously announced search for a permanent CEO remains underway, with ZRG Partners supporting it; interim CEO Peter Wylie will support the finance organization during the CFO transition.
8-K Event Classification
Key Figures
Key Terms
Chief Accounting Officer financial
Regulation FD Disclosure regulatory
forward-looking statements regulatory
digital infrastructure company financial
Avalanche digital asset treasury financial
FAQ
What leadership change did AVAX (AVX) announce in its finance organization?
Who is the new primary financial officer at AVAX One (AVX)?
How will Stephanie Brady be compensated in her new role at AVAX (AVX)?
What business does AVAX One Technology Ltd. (AVX) describe in this disclosure?
Is AVAX One (AVX) searching for a permanent CEO?
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 17, 2026 (the “Effective Date”), Chris Polimeni resigned from his role as Chief Financial Officer of AVAX One Technology Ltd. (the “Company”), effective as of the Effective Date. Mr. Polimeni will remain with the Company as a financial consultant through December 31, 2026. There was no disagreement with the Company known to an executive officer of the Company on any matter relating to the Company’s operations, policies or practices in connection with Mr. Polimeni’s departure, nor has Mr. Polimeni been removed for cause.
On August 19, 2026, Stephanie Brady, age 57, was appointed as the Company’s Chief Accounting Officer and the Company’s primary financial officer. Previously, Ms. Brady served as the Company’s Corporate Controller beginning in January 2026. Since 2021, Ms. Brady served as the President of Nanook & Company, LLC, a consulting firm she founded that provides accounting, financial and reporting services to clients, including not-for-profit, privately held and publicly traded organizations. Stephanie has over 30 years of experience in finance and accounting and is a licensed certified public accountant in New York State. She graduated from Baruch College in New York City and has worked for national firms such as Deloitte in New York City and Washington, D.C and PricewaterhouseCoopers in Fort Lauderdale, Florida. Prior to joining AVAX One, Ms. Brady served as SVP of Finance for Accelerate360 Holdings, LLC, previously served as Chief Financial Officer of a publicly traded company, and was VP of Finance of Seisint Inc during its acquisition by Reed Elsevier Group.
In connection with her increased responsibilities, Ms. Brady will receive an increase in her compensation and receive a total payment of $20,000 per month and is eligible to receive certain incentive compensation for milestones connected to timely filing of the Company’s financial statements.
Item 7.01 Regulation FD Disclosure.
On August 19, 2026, the Company issued a press release announcing the leadership transition. A copy of the press release is attached to this report as Exhibit 99.1.
The information contained in this Current Report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 Financial Statements and Exhibits.
99.1 |
Press Release dated August 19, 2026 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
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 thereunto duly authorized.
Date: August 19, 2026
| AVAX ONE TECHNOLOGY LTD. | ||
| By: | /s/ Peter Wylie Jr | |
| Name: | Peter Wylie Jr., Interim Chief Executive Officer | |
Exhibit 99.1
AVAX One Announces Financial Leadership Change
WEST PALM BEACH, FL, August 19, 2026 — AVAX One Technology Ltd. (Nasdaq: AVX) (“AVAX One” or the “Company”), today announced the departure of Chief Financial Officer (“CFO”) Chris Polimeni, effective August 17, 2026. Stephanie Brady, the Company’s Controller, has been promoted to Chief Accounting Officer and will oversee the Company’s financial reporting function.
Stephanie has over 30 years of experience in finance and accounting and is a licensed certified public accountant in New York State. She graduated from Baruch College in New York City and has worked for national firms such as Deloitte in New York City and Washington, D.C and PricewaterhouseCoopers in Fort Lauderdale, Florida. Prior to joining AVAX One, Ms. Brady served as SVP of Finance for Accelerate360 Holdings, LLC, previously served as Chief Financial Officer of a publicly traded company, and was VP of Finance of Seisint Inc during its acquisition by Reed Elsevier Group.
“I want to thank Chris for his contributions to AVAX One as we transitioned into being a digital infrastructure company,” said Pete Wylie, Interim Chief Executive Officer. “Stephanie has been a valued member of our finance team, and we’re confident in her ability to lead our financial reporting function as we move through this transition.”
Pete Wylie, the Company’s Interim Chief Executive Officer and Chief Operating Officer, brings prior CFO experience and will support the finance organization throughout the transition. Separately, the Board continues its previously announced comprehensive search for a permanent Chief Executive Officer, with global executive search firm ZRG Partners supporting the process.
Mr. Polimeni’s departure was not the result of any disagreement with the Company regarding its operations, policies, or practices, and he has agreed to remain available through a consultancy arrangement to ensure a smooth transition.
About AVAX One Technology Ltd.
AVAX One Technology Ltd. (NASDAQ: AVX) is a digital infrastructure company accelerating the transition to an onchain financial economy. The Company maintains a strategic Avalanche digital asset treasury, accumulating AVAX and generating onchain yield through native staking and ecosystem participation. It also operates bitcoin mining facilities and develops modular data centers. These three pillars give public market investors unique exposure to both the onchain economy and the digital infrastructure layer. For more information, please visit www.avax-one.com.
Forward-Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can generally be identified by the use of words such as “anticipate,” “expect,” “intend,” “plan,” “could,” “may,” “will,” “would,” “believe,” “estimate,” “target,” “project,” and other words of similar meaning. Each forward-looking statement contained in this press release is subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others: risks relating to the Company’s operations and business, including the highly volatile nature of the price of Bitcoin, AVAX, and other digital assets, and the risk that the price of the Company’s securities may be highly correlated to the price of the digital assets it holds; increased competition in the data center, AI/HPC, and digital asset industries; and legal, commercial, regulatory, and technical uncertainties affecting the Company’s business, as well as those risks and uncertainties identified in the Company’s filings with the U.S. Securities and Exchange Commission. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to update or revise any of these statements, whether as a result of new information, future events, or otherwise.
Investor Relations Contact
Sean Mansouri, CFA or Aaron D’Souza
Elevate IR
(720) 330-2829
AVX@elevate-ir.com
Media Contact
Ethan Lyle
Prospero
avax-one@prospero.agency