Are there any related party or family relationships for MKLY’s new director?

The company reports no arrangements or understandings with any person regarding his appointment, no direct or indirect material interest in related party transactions under Item 404(a) of Regulation S-K, and no family relationships with any director or executive officer.

McKinley adds Joseph Shaposhnik as independent director

McKinley Acquisition Corporation reported a board change, appointing Joseph Shaposhnik as an additional independent director on May 14, 2026.

Filing Impact

(High)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

McKinley Acquisition Corporation reported a board change, appointing Joseph Shaposhnik as an additional independent director on May 14, 2026. He was designated as a Class I Director, with a term expiring at the company’s first annual general meeting, and was also appointed to the Audit Committee and the Compensation Committee.

Shaposhnik is the Founder and Portfolio Manager of Rainwater Equity and previously led TCW Group’s New America business unit after earlier roles at Fidelity Investments. The company states there are no arrangements or family relationships underlying his appointment and no material related-party transactions. He will receive interests in McKinley Partners, LLC, the company’s sponsor, as compensation for his board service.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

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.

Key Figures

Par value per Class A share: $0.0001 per share Right conversion ratio: One-tenth of one share Appointment date: May 14, 2026 +1 more

4 metrics

Par value per Class A share $0.0001 per share Class A ordinary shares, par value

Right conversion ratio One-tenth of one share Each right converts into 1/10th of one Class A share

Appointment date May 14, 2026 Date Joseph Shaposhnik was appointed director

Exchange listing The Nasdaq Stock Market LLC MKLY, MKLYR and MKLYU listed exchange

Key Terms

Emerging growth company, Audit Committee, Compensation Committee, related party transaction, +2 more

6 terms

Emerging growth company regulatory

"405) or Rule 12b-2 of the Securities Exchange Act of 1934 ... Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Audit Committee financial

"the Board appointed Mr. Shaposhnik to the Audit Committee and the Compensation Committee"

A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.

Compensation Committee financial

"the Board appointed Mr. Shaposhnik to the Audit Committee and the Compensation Committee"

A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.

Regulation S-K regulatory

"related party” transaction required to be disclosed 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.

Class B ordinary shares financial

"the holders of Class B ordinary shares in McKinley Acquisition Corporation ... appointed Joseph Shaposhnik"

Class B ordinary shares are a type of ownership stake in a company that typically come with different voting rights or privileges compared to other share classes. For investors, they represent a way to hold part of the company’s value and influence its decisions, often with fewer voting rights than Class A shares. Understanding these shares helps investors assess their level of control and potential returns within a company.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did McKinley Acquisition Corporation (MKLY) disclose?

McKinley Acquisition Corporation appointed Joseph Shaposhnik as an additional independent director. He becomes a Class I Director, with his term expiring at the first annual general meeting, and joins both the Audit Committee and the Compensation Committee.

Who is Joseph Shaposhnik, the new independent director at MKLY?

Joseph Shaposhnik is Founder and Portfolio Manager of Rainwater Equity. He previously led TCW Group’s New America business unit and worked at Fidelity Investments as an Equity Research Associate covering semiconductor and entertainment software industries.

What committees will Joseph Shaposhnik serve on at McKinley Acquisition Corporation (MKLY)?

Joseph Shaposhnik will serve on the Audit Committee and the Compensation Committee. These assignments place him in key oversight roles for the company’s financial reporting, internal controls, and executive compensation matters at the board level.

How will McKinley’s new director be compensated for his board service?

Joseph Shaposhnik will receive interests in McKinley Partners, LLC, the company’s sponsor, as compensation for serving as a director. The filing does not provide additional detail on the size or structure of these interests beyond this description.

When was Joseph Shaposhnik appointed to the McKinley Acquisition Corporation board?

The holders of Class B ordinary shares appointed Joseph Shaposhnik as an additional independent director on May 14, 2026. He consented to this appointment, and the board simultaneously designated him as a Class I Director for the upcoming term.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 05/18/2026 - 04:05 PM EDT

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

May 14, 2026

Date of Report (Date of earliest event reported)

McKinley Acquisition Corporation

(Exact Name of Registrant as Specified in its Charter)

Cayman Islands		001-42799		98-1852078
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

75 Second Ave., Suite 605 Needham, MA		02494
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: 617-671-5148

N/A

(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:

☐	Written communications pursuant to Rule 425 under the Securities Act

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A ordinary shares, par value $0.0001 per share	MKLY	The Nasdaq Stock Market LLC
Rights, one right to receive one-tenth (1/10th) of one Class A ordinary share	MKLYR	The Nasdaq Stock Market LLC
Units, each consisting of one Class A ordinary share and one right to receive one-tenth (1/10th) of one Class A ordinary shares	MKLYU	The Nasdaq Stock Market 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

On May 14, 2026, the holders of Class B ordinary shares in McKinley Acquisition Corporation (the “Company”) appointed Joseph Shaposhnik as an additional independent director of the Company, and Mr. Shaposhnik consented to such appointment.

In addition, Mr. Shaposhnik was designated by the board of directors of the Company (the “Board”) as an additional Class I Director who shall stand elected for a term expiring at the Company’s first annual general meeting and the Board appointed Mr. Shaposhnik to the Audit Committee and the Compensation Committee.

Joseph Shaposhnik is the Founder and Portfolio Manager of Rainwater Equity, an asset management firm that invests in recurring revenue businesses built by exceptional leaders. Prior to founding Rainwater Equity, he established TCW Group’s New America business unit in 2015, where he served as Portfolio Manager for a range of investment strategies, including the TCW New America Premier Equities Fund/Compounders ETF (GRW), Global Premier Sustainable Equities UCITS, and Global Space Technology Equities portfolios. Before joining TCW Group in 2011, Mr. Shaposhnik was an Equity Research Associate at Fidelity Investments, where he covered the semiconductor and entertainment software industries for the firm’s U.S. domestic equity funds. Mr. Shaposhnik holds a B.S. in Business Administration from the Haas School of Business at the University of California, Berkeley and an MBA from the UCLA Anderson School of Management.

There are no arrangements or understandings between Mr. Shaposhnik and any other person pursuant to which he was appointed to serve as a director of the Board and Mr. Shaposhnik does not have a direct or indirect material interest in any “related party” transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. There are no family relationships between Mr. Shaposhnik and any director or executive officer of the Company.

Mr. Shaposhnik will receive interests in McKinley Partners, LLC, the Company’s sponsor, for his service as a director of the Company.

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.

Dated: May 18, 2026

MCKINLEY ACQUISITION CORPORATION

By:	/s/ Peter Wright
Name:	Peter Wright
Title:	Chief Executive Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents