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CEO exit puts HUB Cyber Security (NASDAQ: HUBC) into leadership transition

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

HUB Cyber Security Ltd. reports a leadership transition as Chief Executive Officer and director Noah Hershcoviz resigns effective immediately. Active Chairperson Renah Persofsky will assume a larger management role while the company seeks an interim CEO and begins a formal search for a permanent chief executive.

The company describes itself as a global provider of confidential computing, AI-driven data fabric, and cybersecurity solutions serving large enterprises and sovereign institutions across North America, Europe, and Israel. The accompanying press release reiterates broad business risks, including liquidity pressures, Nasdaq continued listing standards, geopolitical risks related to Israel, competition, and outcomes of legal or regulatory proceedings linked to a prior internal investigation.

Positive

  • None.

Negative

  • CEO and director Noah Hershcoviz resigns effective immediately, creating potential leadership uncertainty while HUB Cyber Security already faces highlighted risks around liquidity, Nasdaq continued listing standards, geopolitical conditions in Israel, and ongoing legal or regulatory proceedings related to a previously announced internal investigation.

Insights

CEO resignation triggers leadership transition at HUB Cyber Security.

HUB Cyber Security announces that CEO and director Noah Hershcoviz has resigned effective immediately. Governance responsibilities shift toward Active Chairperson Renah Persofsky, who will play a greater day-to-day management role while the board searches first for an interim CEO and then a permanent successor.

Sudden departures at the top can introduce strategic uncertainty, particularly for a company already highlighting risks around liquidity, Nasdaq listing standards, geopolitical exposure in Israel, and ongoing legal or regulatory matters. Execution of existing plans may depend heavily on how quickly the board identifies and empowers new leadership.

The press release emphasizes forward-looking risks tied to competitive dynamics, customer relationships, and the ability to retain key employees. Subsequent disclosures about the timing and profile of the interim and permanent CEOs, and how they address liquidity and listing challenges, will help clarify how materially this transition affects HUB’s longer-term trajectory.

forward-looking statements regulatory
"This press release contains forward-looking statements for purposes of the safe harbor provisions"
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.
confidential computing technical
"HUB Cyber Security Ltd. is a global leader in confidential computing, AI-driven data fabric"
Confidential computing is a technology that keeps data secure while it is being processed or analyzed, even from the systems that run the calculations. Think of it like a locked box where sensitive information is kept safe inside, no matter what happens during the work. This helps protect private data from unauthorized access, making it especially important for businesses and investors concerned about data privacy and security.
Secured Data Fabric technical
"HUB’s Secured Data Fabric (SDF) empowers organizations to virtualize, secure, and analyze"
A secured data fabric is a comprehensive system that connects and manages data across different sources while ensuring that information remains protected from unauthorized access. Think of it as a secure digital network that safely links all your data, making it easier to access and analyze while keeping sensitive information safe. This matters to investors because it helps organizations make faster, more informed decisions without risking data breaches or leaks.
continued listing standards regulatory
"the Company’s ability to meet stock exchange continued listing standards and remain listed"
Ongoing rules a stock exchange requires a listed company to meet to keep its shares trading publicly, such as minimum share price, market value, timely financial reports, and governance practices. Think of it as a membership checklist for a club: falling short can lead to warnings or removal from the exchange, which can sharply reduce liquidity, investor confidence, and a stock’s value. Investors watch these standards to gauge regulatory risk and the stability of their holdings.
liquidity and capital resources financial
"significant uncertainty regarding the adequacy of HUB’s liquidity and capital resources"
Liquidity and capital resources describe a company’s ready access to money and funding: liquidity is the cash and assets that can be quickly used to pay bills, while capital resources are the broader pool of funds a business can draw on for operations and growth, including cash, credit lines, and financing options. Investors care because these determine whether a company can meet short-term obligations, survive shocks, and finance future projects—think of liquidity as a household’s checking account and capital resources as its savings, credit cards and loan options combined.
internal investigation regulatory
"legal or regulatory proceedings against HUB in connection with our previously announced internal investigation"
A company-run review carried out to find out whether employees, policies or operations broke rules, made mistakes, or exposed the firm to risk. Think of it as an internal health check or house inspection that gathers facts, interviews people and collects documents so management can fix problems, comply with laws and decide whether to disclose issues publicly. Investors care because findings can lead to fines, lawsuits, strategy changes or damage to reputation that affect a company’s value.

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO SECTION 13A-16 OR 15D-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of April 2026

 

Commission File Number: 001-41634

 

HUB Cyber Security Ltd.
(Exact Name of Registrant as Specified in Its Charter)

 

2 Kaplan St.
Tel Aviv 6473403, Israel
+972-3-924-4074
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form-40.

 

Form 20-F ☒              Form 40-F ☐

 

 

 

 

 

CONTENTS

 

Executive Transition

 

On March 31, 2026, Hub Cyber Security (the “Company”) announced that Noah Hershcoviz had resigned from his position as Chief Executive Officer of the Company and a member of the Company’s Board of Directors, effective immediately. Renah Persofsky, the Active Chairperson of the Board, will take on a greater role in the management of the Company, while the Company seeks to find a suitable interim replacement for Mr. Hershcoviz, which it hopes to announce shortly. The Company intends to commence a search for qualified candidates to serve as a new permanent CEO in the coming days.

 

On March 31, 2026, the Company issued a press release announcing the above-referenced matters. A copy of this press release is attached to this Report on Form 6-K (this “Report”) as Exhibit 99.1 and is incorporated herein by reference.

  

The information in this Report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise set forth herein or as shall be expressly set forth by specific reference in such a filing.

 

1

 

 


EXHIBIT INDEX

 

Exhibit No.   Description
99.1   Press Release dated March 31, 2026.

 

2

 

 

SIGNATURES

 

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

 

  Hub Cyber Security Ltd.
   
Date: April 1, 2026 By: /s/ Limor Zur-Stoller
    Limor Zur-Stoller
    Chief Financial Officer

 

3

 

 

Exhibit 99.1

 

HUB Cyber Security Announces Leadership Transition

 

Tel Aviv, Israel | March 31, 2026 – HUB Cyber Security Ltd. (Nasdaq: HUBC) (“HUBC” or the “Company”) announced that Noah Hershcoviz has resigned from his position as Chief Executive Officer and as a member of the Company’s Board of Directors (the “Board”), effective immediately. Renah Persofsky, the Active Chairperson of the Board, will take on a greater role in the management of the Company, while the Company seeks to find a suitable interim replacement for Mr. Hershcoviz, which it hopes to announce shortly. The Company intends to commence a search for qualified candidates to serve as a new permanent CEO in the coming days.

 

“The Board of Directors appreciates Noah’s leadership and contributions to HUB throughout his tenure with the Company and wishes to thank him for his service,” commented Ms. Persofsky. “We look forward to the next chapter of HUB and are confident that we will find a suitable candidate to successfully lead the Company during this transition period as the Board directs the Company into a promising future for all of its stakeholders.”

 

About HUB Cyber Security Ltd.

 

HUB Cyber Security Ltd. (Nasdaq: HUBC) is a global leader in confidential computing, AI-driven data fabric, and cybersecurity. HUB’s Secured Data Fabric (SDF) empowers organizations to virtualize, secure, and analyze sensitive data across borders and silos generating real-time intelligence while meeting the highest regulatory standards. With operations across North America, Europe, and Israel, HUB partners with Fortune 100 companies, global banks, and sovereign institutions to secure the next generation of digital infrastructure.

 

Forward-Looking Statements

 

This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements are typically identified by words such as “plan,” “believe,” “expect,” “anticipate,” “intend,” “outlook,” “estimate,” “future,” “forecast,” “project,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict,” “seem,” “should,” “will,” “would” and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking.

 

The forward-looking statements are based on the current expectations of the management of HUB, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties, or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by HUB and the following: (i) the Company’s ability to meet stock exchange continued listing standards and remain listed on the Nasdaq; (ii) significant uncertainty regarding the adequacy of HUB’s liquidity and capital resources and its ability to repay its obligations as they become due; (iii) the war between Israel and Hamas commenced in October 2023, which may harm Israel’s economy and HUB’s business; (iv) expectations regarding HUB’s strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB’s ability to invest in growth initiatives and pursue acquisition opportunities; (v) the outcome of any legal or regulatory proceedings against HUB in connection with our previously announced internal investigation or otherwise; (vi) competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vii) limited liquidity and trading of HUB’s securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; and (x) other risks and uncertainties set forth in the sections entitled “Risk Factors” and “Cautionary Statement Regarding Forward-Looking Statements” in HUB’s Annual Report on Form 20-F filed on May 1, 2025.

 

Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements.

 

All subsequent written and oral forward-looking statements concerning HUB or other matters addressed in this press release and attributable to HUB or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in the press release. Except to the extent required by applicable law or regulation, HUB undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events.

 

Investor Relations

 

Lytham Partners
Ben Shamsian
646-829-9701
shamsian@lythampartners.com

FAQ

What leadership change did HUBC disclose in the latest Form 6-K?

HUB Cyber Security disclosed that CEO and board member Noah Hershcoviz resigned effective immediately. Active Chairperson Renah Persofsky will assume a greater management role while the company searches for both an interim and, later, a permanent chief executive officer.

Who will lead HUB Cyber Security (HUBC) after the CEO resignation?

Following Noah Hershcoviz’s resignation, Active Chairperson Renah Persofsky will take on a larger role in managing HUB Cyber Security. The company is seeking a suitable interim CEO and plans to begin a structured search for a new permanent chief executive in the coming days.

What key risks does HUB Cyber Security (HUBC) highlight in this disclosure?

The press release underscores risks including meeting Nasdaq continued listing standards, adequacy of liquidity and capital resources, geopolitical risks from the war between Israel and Hamas, intense competition, limited trading liquidity, and outcomes of legal or regulatory proceedings tied to a previously announced internal investigation.

What does HUB Cyber Security Ltd. (HUBC) say about its business focus?

HUB Cyber Security describes itself as a global leader in confidential computing, AI-driven data fabric, and cybersecurity. Its Secured Data Fabric platform helps organizations virtualize, secure, and analyze sensitive data across borders while meeting stringent regulatory standards, serving Fortune 100 companies, global banks, and sovereign institutions.

How is HUB Cyber Security (HUBC) handling forward-looking statements in this update?

The company includes an extensive forward-looking statements section, noting such statements are based on current expectations and subject to numerous risks and uncertainties. It cautions that actual results may differ materially and disclaims any obligation to update these statements except as required by applicable law or regulation.

Will HUBC’s leadership transition affect its Nasdaq listing or liquidity?

The disclosure does not link the leadership change directly to listing or liquidity, but separately highlights risks regarding Nasdaq continued listing standards and adequacy of liquidity and capital resources. Future updates from HUB Cyber Security will be needed to understand how new leadership addresses these specific challenges.

Filing Exhibits & Attachments

1 document