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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): October 1, 2026
| Powerus
Corporation |
| (Exact
name of registrant as specified in its charter) |
| Nevada |
|
001-42507 |
|
99-0418678 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(I.R.S.
Employer
Identification
No.) |
885
Paragon Way
Rock
Hill, South Carolina |
|
29730 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
Registrant’s
telephone number, including area code: 561-567-0323
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 (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, $0.001 par value |
|
PUSA |
|
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 (§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 ☒
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. |
On
October 1, 2026, the Company appointed Colin Chisholm as its Chief Operating Officer, with an expected start date of October 12, 2026.
Mr.
Chisholm, 45, brings more than 20 years of leadership experience across defense technology, manufacturing, industrial automation and
military operations. He was most recently Chief Operating Officer of Forterra, an provider of ground-based autonomous systems, from 2024-2026,
where he led manufacturing and operations for its ground autonomy systems business, including production expansion, supply chain development,
enterprise systems implementation and acquisition integration. Prior to this, he was Director of Production Operations for Tito’s
Handmade Vodka from 2019-2024, responsible for production operations and capital expansion. Before that, he was Engineering Director,
US and Caribbean at Siemens, overseeing engineering and industrial automation projects across multiple industries. Mr. Chisholm served
in the United States Marine Corps from 2003 to 2014, attaining the rank of Major, with combat deployments to Iraq and Afghanistan. His
military awards include the Bronze Star Medal. He holds a Doctor of Education in Organizational Leadership from the University of La
Verne, a Master of Business Administration from Tulane University and a Bachelor of Arts from Duquesne University.
In
connection with his employment, the Company and Mr. Chisholm will enter into an employment agreement with an initial term of two years
and an initial base salary of $325,000. Mr Chisholm will be entitled to a target annual incentive award opportunity of between 30-40%
of his then-current annual base salary (the “Target Annual Incentive Award”), with the actual amount determined pursuant
to the Company’s bonus program or cash incentive plan. He would participate in employee benefit plans in effect from time to time.
As part of his hiring, Mr. Chisholm will receive a grant of 300,000 restricted stock units, vesting in six month increments over the
four year period beginning six months after his start date.
Mr.
Chisholm has no family relationships with any of the Company’s directors or executive officers, and he is not a party to, and does
not have any direct or indirect material interest in, any transaction requiring disclosure under Item 404(a) of Regulation S-K. There
are no arrangements or understandings between Mr. Chisholm and any other persons pursuant to which he was selected as an executive officer.
| Item
7.01. | Regulation
FD Disclosure. |
As
previously disclosed, on October 1, 2026, the Company completed its merger with Autonomous Power Corporation and issued approximately
134.6 million shares of common stock. Immediately following the closing of the merger, on October 1, 2026, the Company had 163,838,861
shares of common ststock outstanding.
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.
Date:
October 6, 2026
| Powerus
Corporation |
|
| |
|
|
| By: |
/s/
Jim Biehl |
|
| Name:
|
Jim
Biehl |
|
| Title: |
Chief
Legal Officer |
|
