CFO Shawn Canter exits KULR (KULR) under May 2026 separation agreement

Rhea-AI Filing Summary

KULR Technology Group, Inc. announced that its wholly owned subsidiary, KULR Technology Corporation, entered into a Separation Agreement and General Release with Chief Financial Officer Shawn Canter. As a result, his employment will terminate and he resigned as CFO and from all other positions effective May 22, 2026.

The agreement becomes effective on May 29, 2026, if not revoked, and includes a mutual release of claims. Mr. Canter will receive accrued salary, unused paid time off, and reimbursed expenses, and will be paid $300 per hour plus expenses for post-employment cooperation on HR and legal matters.

Insights

Corporate governance analyst

CFO departure under a structured separation agreement with routine cash components.

KULR Technology Group is disclosing the resignation of its Chief Financial Officer, Shawn Canter, tied to a formal Separation Agreement and General Release. The filing emphasizes standard terms such as mutual releases and payment of accrued compensation and business expenses.

The agreement includes cooperation obligations, with Mr. Canter assisting on HR exit processes and any claim-related matters at $300 per hour plus expenses. This arrangement can help preserve continuity in financial and legal matters during the transition without committing to a large lump-sum severance in the disclosed excerpt.

Investors may focus on future disclosures identifying a permanent or interim CFO and any subsequent changes to the finance function. For now, the filing mainly documents the leadership change and the agreed separation mechanics rather than broader strategic or financial impacts.

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, and exhibit attachments filed with this report.

Key Figures

CFO resignation effective date: May 22, 2026 Agreement effective date: May 29, 2026 Cooperation hourly rate: $300.00 per hour

3 metrics

CFO resignation effective date May 22, 2026 Effective date of Shawn Canter’s resignation as CFO and other roles

Agreement effective date May 29, 2026 Separation Agreement and General Release becomes effective if not revoked

Cooperation hourly rate $300.00 per hour Rate paid to Shawn Canter for post-employment cooperation services

Key Terms

Separation Agreement and General Release, general mutual release of claims, HR-related exit documentation, accrued and unused paid time off

4 terms

Separation Agreement and General Release regulatory

"entered into a Separation Agreement and General Release (the “Agreement”) with Shawn Canter"

general mutual release of claims regulatory

"The Agreement contains customary protections, including a general mutual release of claims"

HR-related exit documentation other

"cooperate with the Company in connection with the completion of any HR-related exit documentation"

accrued and unused paid time off financial

"all accrued and unpaid salary and accrued and unused paid time off through the separation date"

Understanding 8-K Material Events →

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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 21, 2026

KULR TECHNOLOGY GROUP, INC.

(Exact name of the registrant as specified in its charter)

Delaware		001-40454		81-1004273
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

555 Forge River Road, Suite 100, Webster, Texas	77598
(Address of principal executive offices)	(Zip code)

Registrant’s telephone number, including area code: (408) 663-5247

N/A

(Former name or address if changed since last report)

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 (see General Instruction A.2. below):

¨	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:
Common Stock		KULR		NYSE American LLC

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) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2).

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.

(b) & (e)

On May 21, 2026, KULR Technology Corporation, a wholly owned subsidiary of KULR Technology Group, Inc. (the “Company”), entered into a Separation Agreement and General Release (the “Agreement”) with Shawn Canter, pursuant to which Mr. Canter’s employment with KULR Technology Corporation will terminate. Accordingly, effective May 22, 2026, Mr. Canter resigned from his position as Chief Financial Officer of the Company and from all other appointments and positions held with the Company and any of its affiliated entities.

The Agreement contains customary protections, including a general mutual release of claims by Mr. Canter in favor of the Company and its affiliates and by the Company in favor of Mr. Canter. The Agreement will become effective on the eighth day following Mr. Canter’s execution (or May 29, 2026), provided that he does not revoke the Agreement prior to such date.

Pursuant to the terms of the Agreement, the Company will pay Mr. Canter (i) all accrued and unpaid salary and accrued and unused paid time off through the separation date, subject to legally required payroll withholdings and deductions, and (ii) reimbursement for documented business expenses incurred through the separation date. In addition, Mr. Canter has agreed to cooperate with the Company in connection with the completion of any HR-related exit documentation and the defense, prosecution, or investigation of any claims or matters arising during the period of his employment, in exchange for which the Company will pay Mr. Canter at an hourly rate of $300.00 per hour for time spent providing such cooperation, plus reimbursement of reasonable out-of-pocket expenses.

The foregoing summary of the Agreement is qualified in its entirety by reference to the Agreement attached as Exhibit 10.1 hereto and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.		Description
10.1†		Separation Agreement, dated May 21, 2026, by and between KULR Technology Corporation and Shawn Canter.
104		Cover Page Interactive Data File - The cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

† Certain immaterial and confidential portions (indicated by brackets and asterisks) of this exhibit have been omitted from this exhibit.

SIGNATURES

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

	KULR TECHNOLOGY GROUP, INC.
Date: May 21, 2026	By:	/s/ Michael Mo
		Michael Mo
		Chief Executive Officer

FAQ

What did KULR (KULR) announce regarding its CFO in this 8-K?

KULR disclosed that Chief Financial Officer Shawn Canter is leaving the company. He resigned as CFO and from all other roles effective May 22, 2026, under a Separation Agreement and General Release with KULR Technology Corporation.

When is Shawn Canter’s resignation from KULR (KULR) effective?

Shawn Canter’s resignation as Chief Financial Officer is effective May 22, 2026. On that date, he also steps down from all appointments and positions with KULR Technology Group, Inc., its subsidiary KULR Technology Corporation, and any affiliated entities mentioned in the agreement.

What compensation will former CFO Shawn Canter receive from KULR (KULR)?

Under the agreement, Shawn Canter receives all accrued and unpaid salary, accrued and unused paid time off, and reimbursed documented business expenses through the separation date. These payments are subject to legally required payroll withholdings and deductions, reflecting standard separation compensation practices in executive departures.

What is the hourly rate for Shawn Canter’s post-employment cooperation with KULR (KULR)?

For cooperation after his departure, KULR will pay Shawn Canter $300.00 per hour. This covers time spent on HR-related exit documentation and assisting in the defense, prosecution, or investigation of claims or matters arising from his employment period, plus reasonable out-of-pocket expenses.

When does the Separation Agreement between KULR (KULR) and Shawn Canter become effective?

The Separation Agreement and General Release becomes effective on May 29, 2026. This effective date occurs on the eighth day after Shawn Canter signs the agreement, provided he does not revoke it before that date, consistent with standard revocation periods in such agreements.

Does the KULR (KULR) agreement with Shawn Canter include mutual releases?

Yes. The agreement includes a general mutual release of claims. Mr. Canter releases claims against KULR and its affiliates, and KULR provides a corresponding release in his favor, which is described as a customary protection in this type of executive separation arrangement.

Filing Exhibits & Attachments

4 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 43.6 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.0 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 33.4 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 21.9 KB