Ana Garcia named Cycurion (NASDAQ: CYCU) CFO as Alvin McCoy shifts to advisory role
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Cycurion, Inc. announced a leadership change in its finance organization. Chief Financial Officer Alvin McCoy III will step down effective May 31, 2026 and move into a strategic advisory role focused on growth initiatives, including expansion and mergers and acquisitions.
The company appointed Ana Garcia as its new Chief Financial Officer effective June 1, 2026. Garcia has more than 20 years of senior finance experience across public and private technology companies, most recently as Vice President of Finance and Interim CFO at KLDiscovery.
Under her offer letter, Garcia will receive a $300,000 annual base salary and will be eligible for an annual bonus of up to 50% of base salary, a one-time restricted stock unit award targeted at $300,000 vesting over three years, and participation in Cycurion’s executive equity program. If terminated without cause, she is entitled to six months of base salary, a pro rata earned bonus, and up to six months of company-paid COBRA premiums, subject to a release of claims.
Positive
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Negative
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Insights
CFO transition appears planned, with continuity via advisory role.
Cycurion is executing a structured Chief Financial Officer transition, with Alvin McCoy III stepping down and remaining as a strategic advisor. This suggests a planned change rather than an abrupt departure, providing some continuity around finance and M&A initiatives.
The incoming CFO, Ana Garcia, brings extensive finance experience in technology and services businesses, including prior interim CFO responsibilities. Her compensation mix of salary, performance-based bonus, and time-vested RSUs aligns pay with both short-term results and longer-term equity value.
The severance terms of six months’ salary, pro rata bonus, and COBRA coverage upon termination without cause are relatively standard for an executive role of this level. Future disclosures in periodic reports may provide additional context on how Garcia’s leadership influences Cycurion’s growth strategy and financial management.
8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 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 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Outgoing CFO end date: May 31, 2026
Incoming CFO start date: June 1, 2026
CFO base salary: $300,000 per year
+4 more
7 metrics
Outgoing CFO end date
May 31, 2026
Effective date Alvin McCoy III steps down as CFO
Incoming CFO start date
June 1, 2026
Effective date Ana Garcia becomes CFO
CFO base salary
$300,000 per year
Annual base salary for Ana Garcia under offer letter
Target bonus opportunity
50% of base salary
Maximum annual bonus as percentage of salary for CFO
RSU target value
$300,000
One-time restricted stock unit award, vesting over three years
Severance duration
6 months
Base salary continuation if terminated without cause
COBRA coverage period
Up to 6 months
Company-paid COBRA premiums upon termination without cause
Key Terms
restricted stock unit award, COBRA premiums, at-will, executive equity program, +1 more
5 terms
restricted stock unit award financial
"She will also be eligible to receive a one-time restricted stock unit award with a target value of $300,000"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
at-will financial
"She will also be eligible to participate in the Company’s benefit plans, and her employment will be at-will."
executive equity program financial
"and to participate in the Company’s annual executive equity program."
forward-looking statements regulatory
"This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): May 28, 2026
(Exact Name of Registrant as Specified in Its Charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant’s telephone number, including area code: (888 ) 341-6680
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 | Name of each exchange on which registered | ||||||||||||
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 x
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. o
Item 5.02. Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.
Departure of Chief Financial Officer
On May 28, 2026, Cycurion, Inc. (the “Company”) announced that Alvin McCoy III, the Company’s Chief Financial Officer, will step down from his position effective May 31, 2026. Following his departure as Chief Financial Officer, Mr. McCoy will transition into a strategic advisory role focused on supporting the Company’s growth initiatives, including strategic expansion and mergers and acquisitions activities. The Company thanks Mr. McCoy for his service and valuable contributions to the Company.
Appointment of Chief Financial Officer
On May 28, 2026, the Company also announced the appointment of Ana Garcia as its new Chief Financial Officer, effective June 1, 2026.
Ms. Garcia, age 58, brings more than 20 years of senior finance leadership experience across public and private technology companies, including businesses in financial services, tech-enabled services and subscription software. Most recently, she served as Vice President of Finance and Interim Chief Financial Officer at KLDiscovery, a global provider of electronic discovery, information governance, and data recovery services. Earlier in her career, she held senior finance positions at Edelman Financial Services (now Edelman Financial Engines), MicroStrategy (now Strategy Inc.), Spacenet, Inc. (now SageNet), and Savvis (now Lumen Technologies), where she built high-performing financial planning and analysis teams, led board-level reporting, and supported M&A execution and post-merger integration.
In connection with her appointment, the Company entered into an offer letter with Ms. Garcia dated May 21, 2026 (the “Offer Letter”). Pursuant to the Offer Letter, Ms. Garcia will receive an annual base salary of $300,000. Ms. Garcia will be eligible for an annual bonus of up to 50% of her base salary, based on individual and Company performance metrics established by the Chief Executive Officer. Any bonus for 2026 will be pro rated based on her start date and, if earned, paid following completion of the Company’s audited financial statements for the year.
She will also be eligible to receive a one-time restricted stock unit award with a target value of $300,000, subject to board approval and vesting over three years, and to participate in the Company’s annual executive equity program.
If Ms. Garcia’s employment is terminated by the Company without “Cause,” she will be entitled to six months of base salary, a pro rata portion of any earned bonus, and Company-paid COBRA premiums for up to six months, subject to a release of claims. She will also be eligible to participate in the Company’s benefit plans, and her employment will be at-will.
There are no arrangements or understandings between Ms. Garcia and any other person pursuant to which she was appointed as Chief Financial Officer, and there are no family relationships between Ms. Garcia and any director or executive officer of the Company.
The foregoing summary of the Offer Letter is qualified in its entirety by reference to the full text of the Offer Letter, which is filed as Exhibit 10.1 to this Current Report on Form 8‑K and incorporated herein by reference.
Item 7.01 Regulation FD Disclosure.
On May 28, 2026, the Company issued a press release announcing the Chief Financial Officer transition described above. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8‑K.
The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.
2
Item 9.01. Financial Statements and Exhibits
(d)Exhibits:
| Exhibit No. | Description | |||||||
| 10.1 | Offer Letter, dated May 21, 2026, by and between the Company and Ana Garcia | |||||||
| 99.1 | Press Release dated May 28, 2026 | |||||||
| 104 | Inline XBRL for the cover page of this Current Report on Form 8-K | |||||||
3
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| CYCURION, INC. | ||||||||||||||
| Date: | June 2, 2026 | By: | /s/ L. Kevin Kelly | |||||||||||
| Name: | L. Kevin Kelly | |||||||||||||
| Title: | Chief Executive Officer | |||||||||||||
4
Exhibit 99.1
Cycurion Executes Seamless Chief Financial Officer Transition with Appointment of Ana Garcia
May 28, 2026
MCLEAN, Va., May 28, 2026 (GLOBE NEWSWIRE) -- Cycurion, Inc. (NASDAQ: CYCU) (“Cycurion” or the “Company”), a pioneering AI-driven cybersecurity and government technology solutions provider, today announced the appointment of Ana Garcia as Chief Financial Officer, effective June 1, 2026. Ms. Garcia succeeds Alvin McCoy III, who will step down as Chief Financial Officer on May 31, 2026 and transition into a strategic advisory role focused on advancing the Company’s strategic growth initiatives.
Ms. Garcia brings more than 20 years of senior finance leadership experience across public and private technology companies, including businesses in financial services, tech-enabled services and subscription software. Most recently, she served as Vice President of Finance and Interim Chief Financial Officer at KLDiscovery, a global provider of electronic discovery, information governance, and data recovery services. Earlier in her career, she held senior finance positions at Edelman Financial Services (now Edelman Financial Engines), MicroStrategy (now Strategy Inc.), Spacenet, Inc. (now SageNet), and Savvis (now Lumen Technologies), where she built high-performing FP&A teams, led board-level reporting, and supported M&A execution and post-merger integration.
“Ana is an outstanding addition to our leadership team,” said Kevin Kelly, Chairman and Chief Executive Officer of Cycurion. “Her extensive public-company expertise, operational rigor, and proven ability to scale finance functions will be instrumental as we drive both organic growth and strategic M&A. This leadership transition is smooth and positions us well for our next phase of growth. I also want to thank Alvin for his significant contributions and am pleased he will continue supporting our momentum in a strategic advisory capacity.”
About Cycurion, Inc.
Based in McLean, Virginia, Cycurion (NASDAQ: CYCU) is a forward-thinking provider of IT cybersecurity solutions and AI, committed to delivering secure, reliable, and innovative services to clients worldwide. Specializing in cybersecurity, program management, and business continuity, Cycurion harnesses its AI-enhanced ARx platform and expert team to empower clients and safeguard their operations. Along with its subsidiaries, Axxum Technologies LLC, Cloudburst Security LLC, and Cycurion Innovation, Inc., Cycurion serves government, healthcare, and corporate clients committed to securing the digital future. For more information, visit www.cycurion.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements relating to the operations and prospective growth of Cycurion’s business.
Certain statements in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1934, as amended. Any statements contained in this press release that are not statements of historical fact may be deemed forward-looking statements. Such statements include, but are not limited to, statements regarding he expected benefits of the Company’s leadership transition, including the contributions of the incoming Chief Financial Officer and the ongoing advisory role of the outgoing Chief Financial Officer, the acceleration of the Company’s inorganic growth strategy; the continued execution on the Company’s backlog; and other statements that are not historical facts, including statements which may be accompanied by words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,”
“intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements.
All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of Cycurion and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, risks related to customer performance and satisfaction, contract modifications, delays or terminations, and the Company’s ability to fulfill contractual obligations, the outcomes of the Company’s investigations, any potential legal proceedings, or the future performance of the Company’s stock. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K filed by Cycurion with the U.S. Securities and Exchange Commission. Cycurion anticipates that subsequent events and developments may cause its plans, intentions, and expectations to change. Cycurion assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events, or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing Cycurion’s plans and expectations as of any subsequent date.
Cycurion Investor Relations:
(888) 341-6680
investors@cycurion.com
Cycurion Media Relations:
(888) 341-6680
media@cycurion.com
2
FAQ
What leadership change did Cycurion (CYCU) announce in this 8-K?
Cycurion announced that CFO Alvin McCoy III will step down effective May 31, 2026, and Ana Garcia will become Chief Financial Officer on June 1, 2026, providing a planned transition in the company’s top finance role.
What role will outgoing Cycurion (CYCU) CFO Alvin McCoy III have after May 31, 2026?
After stepping down as CFO on May 31, 2026, Alvin McCoy III will serve in a strategic advisory role. He will focus on supporting Cycurion’s growth initiatives, including strategic expansion and mergers and acquisitions activities for the company.
What experience does new Cycurion (CYCU) CFO Ana Garcia bring?
Ana Garcia brings over 20 years of senior finance leadership across public and private technology companies. She most recently served as Vice President of Finance and Interim Chief Financial Officer at KLDiscovery and previously held senior roles at several tech and financial services firms.
What is Ana Garcia’s compensation package as Cycurion (CYCU) CFO?
Ana Garcia will receive a $300,000 annual base salary and is eligible for an annual bonus up to 50% of salary. She may also receive a one-time restricted stock unit award targeted at $300,000, vesting over three years, plus participation in the executive equity program.
What severance protection does Cycurion (CYCU) offer its new CFO?
If Ana Garcia is terminated by Cycurion without cause, she is entitled to six months of base salary, a pro rata portion of any earned bonus, and up to six months of company-paid COBRA premiums, subject to her signing a release of claims.
Did Cycurion (CYCU) issue a press release about the CFO transition?
Cycurion issued a press release on May 28, 2026, describing the CFO transition, highlighting Ana Garcia’s background and Alvin McCoy’s new strategic advisory role. The press release is furnished as Exhibit 99.1 to the company’s Form 8-K.