Moving iMage Technologies (NYSE: MITQ) hires new CFO with 75,000 options

Rhea-AI Filing Summary

Moving iMage Technologies, Inc. announced a Chief Financial Officer transition. On April 27, 2026, William F. Greene retired and resigned as CFO, and the Board appointed Bart Bedard, age 70, as the new CFO effective the same day. The company states Greene’s departure was not due to any disagreement on operations, policies, or practices, and he will continue in an advisory role through approximately October 2026.

Under his employment offer letter, Bedard will receive a base salary of $200,000 per year and a $10,000 signing bonus, subject to pro-rata repayment if he voluntarily resigns within 12 months. He will also be granted 75,000 stock options at fair market value as of April 27, 2026, with 25% vesting immediately and the remaining 75% vesting in equal annual installments over three years. The role includes broad responsibility for financial reporting, SEC compliance, internal controls, budgeting, and supporting the company’s growth and operational development.

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 base salary: $200,000 per year Signing bonus: $10,000 Stock options granted: 75,000 options +5 more

8 metrics

CFO base salary $200,000 per year Base salary for Bart Bedard under Offer Letter

Signing bonus $10,000 Signing bonus payable within 30 days of start date

Stock options granted 75,000 options CFO equity grant dated April 27, 2026

Immediate vesting portion 25% Portion of options vesting immediately on grant

Time-vested portion 75% Options vesting in equal annual installments over three years

CFO age 70 Age of newly appointed CFO, Bart Bedard

Advisory period end October 2026 (approx.) Expected end of Greene’s advisory role

Offer validity 48 hours Validity period of the employment offer letter

Key Terms

Chief Financial Officer, Offer Letter, stock options, SEC compliance, +2 more

6 terms

Chief Financial Officer financial

"named Bart Bedard (“Bedard”), age 70, as Chief Financial Officer"

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

Offer Letter financial

"the Company extended an employment offer letter (the “Offer Letter”)"

stock options financial

"Mr. Bedard will be granted 75,000 stock options (the “Options”)"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

SEC compliance financial

"including accounting, financial reporting, SEC compliance, financial planning"

SEC compliance means that a public company follows the rules and disclosure requirements set by the U.S. Securities and Exchange Commission, including accurate financial reporting, timely filings, and truthful public statements. For investors, it matters because these rules act like safety rails and a clear mirror: they help ensure companies provide reliable information, reduce the chance of fraud or surprises, and make it easier to compare and trust different investments.

internal controls financial

"financial planning and analysis, internal controls, and treasury functions"

Internal controls are the policies, procedures and routine checks a company uses to keep its financial records accurate, safeguard assets, and ensure laws and internal rules are followed. For investors they matter because strong controls reduce the risk of accounting errors, fraud or surprise liabilities; think of them as locks, alarms and bookkeeping checklists that make a company’s reported results more trustworthy and lower the chance of unexpected losses.

Regulation S-K regulatory

"There are no transactions involving Mr. Bedard to be reported pursuant to Item 404(a) of Regulation S-K."

A set of U.S. Securities and Exchange Commission rules that tell public companies which narrative and qualitative details must be disclosed in filings, such as risk factors, management discussion, executive pay, legal proceedings and business description. Think of it as a standardized checklist or blueprint that ensures investors get the same types of background information from every company so they can compare risks, management quality and strategy before making investment decisions.

Understanding 8-K Material Events →

false 0001770236 0001770236 2026-04-27 2026-04-27

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): April 27, 2026

MOVING iMAGE TECHNOLOGIES, INC.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

001-40511		85-1836381
(Commission File Number)		(IRS Employer Identification No.)
17760 Newhope Street, Fountain Valley, CA		92708
(Address of Principal Executive Offices)		(Zip Code)

(714) 751-7998

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former 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 Symbols	Name of each exchange on which registered
Common Stock, $0.00001 par value	MITQ	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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §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 Arrangement of Certain Officers.

Resignation of William F. Greene

On April 27, 2026, William F. Greene notified Moving iMage Technologies, Inc. (the “Company”) of his retirement and resignation from his position as Chief Financial Officer of the Company effective April 27, 2026. Mr. Greene’s decision to resign as the Chief Financial Officer was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. The Company will engage Mr. Greene in an advisory capacity through approximately October 2026.

Appointment of Bart Bedard

The Board of Directors of the Company named Bart Bedard (“Bedard”), age 70, as Chief Financial Officer of the Company, effective April 27, 2026.

On April 27, 2026, the Company extended an employment offer letter (the “Offer Letter”) to Bart Bedard for the position of Chief Financial Officer of the Company, effective April 27, 2026.

The terms of Mr. Bedard’s Offer Letter provide for a base salary of $200,000 per year and a signing bonus of $10,000 payable within 30 days of the start date, subject to a pro-rata repayment if Mr. Bedard voluntarily resigns within twelve months. In addition, Mr. Bedard will be granted 75,000 stock options (the “Options”) at fair market value on the date of grant, of which 25% of the Options will vest immediately, and 75% of the Options will vest in equal annual installments over three years. The date of grant shall be April 27, 2026.

Mr. Bedard brings over 30 years of US and international financial and accounting leadership experience in CFO and senior finance positions He has a strong track record supporting strategic growth plans and identifying and implementing efficiency, cost reduction and financial controls improvement initiatives. Mr. Bedard has directed financial reporting, audits, budgeting, compliance and dozens of sourcing and other significant cost saving initiatives.

Mr. Bedard earned his BA in Accounting at Brigham Young University and an MBA from California State University, Fullerton and a Certified Public Accounting license (currently inactive). He began his professional career in Corporate Controller and Director of Finance roles at subsidiaries of Goodrich and L-3 Harris Technologies.  Since 2021, he has served as a financial consultant supporting audits and financial reporting, including ensuring compliance, improving efficiency, strengthening internal controls, and identifying risks for several private equity-backed companies with revenues between $50M and $1B.

There is no arrangement or understanding between Mr. Bedard and any other person pursuant to which he was selected as Chief Financial Officer, and there are no family relationships between him and any director, executive officer or person nominated or chosen by the Company to become an executive officer. There are no transactions involving Mr. Bedard to be reported pursuant to Item 404(a) of Regulation S-K.

The description of the Offer Letter set forth under this Item 5.02 is qualified in its entirety by reference to the complete terms and conditions of the Offer Letter which is filed as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

Number		Exhibit
99.1		Offer Letter dated April 27, 2026.
104		Cover Page Interactive Data File (embedded with the Inline XBLR 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 hereunto duly authorized.

	MOVING IMAGE TECHNOLOGIES, INC.
Date: April 30, 2026
	By:	/s/ Francis Godfrey
	Name:	Francis Godfrey
	Title:	President and Chief Operational Officer

Exhibit 99.1

Date: April 27, 2026

Employment Offer Letter

Employee: Bart Bedard
Employer: Moving iMage Technologies, Inc.
Position: Chief Financial Officer

Moving iMage Technologies, Inc. is pleased to offer Bart Bedard the position of Chief Financial Officer (CFO), effective April 27, 2026. In this capacity, Bart will be reporting to Francois Godfrey, President & Chief Operating Officer (COO).

Duties and Responsibilities:

As Chief Financial Officer, you will serve as a key member of the executive leadership team and will be responsible for overseeing all financial operations of the Company, including accounting, financial reporting, SEC compliance, financial planning and analysis, internal controls, and treasury functions.

You will be responsible for ensuring accurate and timely preparation of the Company’s financial statements and SEC filings, maintaining compliance with U.S. GAAP and applicable regulatory requirements, and serving as the primary liaison with the Company’s external auditors and financial advisors.

A key focus of the role will be to organize, streamline, and automate the Company’s accounting and financial reporting processes, working closely with the Company’s Business Systems Administrator to ensure effective integration between purchasing, inventory, manufacturing, sales, and financial reporting systems.

You will also lead the Company’s budgeting, forecasting, and financial analysis processes, support executive management and the Board of Directors with financial planning and reporting, and oversee the development and management of the finance and accounting team.

This position will play an important role in supporting the continued growth and operational development of Moving iMage Technologies, Inc., and you will perform such other duties as may be reasonably assigned by executive management or the Board of Directors.

Compensation Package:

● You will receive a base salary of $200,000 per year, paid on a bi-weekly basis in accordance with company payroll practices.

● You will receive a signing bonus of $10,000, payable within 30 days of your start date, subject to pro-rata repayment if you voluntarily resign within 12 months.

● You will be eligible for participation in the Company’s 401(k) plan, and the Company’s healthcare plan.

● You will be granted 75,000 stock options at fair market value on the date of grant, with 25% vesting immediately and the remaining 75% vesting in equal annual installments over three years.

● In the event of a change of control, all unvested stock options shall immediately and fully vest, regardless of continued employment status.

● You will be entitled to four (4) weeks of paid vacation annually.

Transition Support:

● The Company will in good faith engage Bill Greene in a structured transition capacity consisting of:

○ Active involvement through the Q3 close (March 31)

○ Part-time support through the Q1 10-Q filing (mid-May)

○ Light advisory support through the annual 10-K filing (approximately October 2026)

This offer is valid for 48Hrs. We look forward to maximizing your talents and the contributions they bring to Moving iMage Technologies.

Offer tendered by:	Accepted by:
/s/ Francois Godfrey	/s/ Bart Bedard
Date: April 27, 2026 Francois Godfrey President | COO Moving iMage Technologies	Date: April 27, 2026 Bart Bedard

FAQ

Why did Moving iMage Technologies (MITQ) change its Chief Financial Officer?

Moving iMage Technologies’ longtime CFO, William F. Greene, retired and resigned effective April 27, 2026. The company states his decision was not due to any disagreement over operations, policies, or practices, and he will stay on in an advisory role through approximately October 2026.

Who is the new CFO of Moving iMage Technologies (MITQ) and when did he start?

The company appointed Bart Bedard as Chief Financial Officer effective April 27, 2026. Bedard brings over 30 years of U.S. and international finance and accounting leadership experience in CFO and senior finance roles, including consulting for private equity-backed companies with revenues between $50 million and $1 billion.

What compensation package did MITQ offer its new CFO, Bart Bedard?

Bart Bedard’s package includes a $200,000 annual base salary and a $10,000 signing bonus payable within 30 days of his start. He will also receive 75,000 stock options at fair market value, with 25% vesting immediately and 75% vesting in equal annual installments over three years.

How are Bart Bedard’s stock options at Moving iMage Technologies structured?

Bedard will be granted 75,000 stock options dated April 27, 2026, at fair market value on the grant date. Twenty-five percent of these options vest immediately, while the remaining 75% vest in equal annual installments over three years, aligning incentives with longer-term company performance.

What responsibilities will the new MITQ CFO have in financial reporting and controls?

As CFO, Bedard will oversee accounting, financial reporting, SEC compliance, financial planning and analysis, internal controls, and treasury. He will focus on organizing, streamlining, and automating accounting and reporting processes, coordinating systems across purchasing, inventory, manufacturing, sales, and financial reporting for more efficient operations.

Will former CFO William F. Greene remain involved with Moving iMage Technologies?

Yes. Although William F. Greene retired and resigned as CFO on April 27, 2026, the company will engage him in an advisory capacity through approximately October 2026. This continued involvement is intended to support transition continuity and help the new CFO assume full responsibilities smoothly.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 12.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.5 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 11.5 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 15.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 11.7 KB