SHF Holdings (NASDAQ: SHFS) reshapes leadership team and cuts board seats

Rhea-AI Filing Summary

SHF Holdings, Inc. reported several leadership changes and a board restructuring. On September 24, 2025, the company appointed Douglas Beck, age 64, as Principal Accounting Officer. He will continue to serve as Senior Vice President of Finance, Controller, a role he has held since May 2025, with an unchanged annual base salary of $175,000 under the company’s existing equity incentive plan and clawback policies.

The company also appointed Michael Regan as Chief Investment & Strategy Officer and Jeffrey Kay as Chief Marketing Officer on the same date. The board of directors approved a decrease in its size from seven to five members, signaling a move to a smaller board structure without disclosing individual director departures in this excerpt.

Insights

Corporate governance analyst

SHF refreshes finance and strategy leadership while shrinking its board.

SHF Holdings, Inc. named Douglas Beck as Principal Accounting Officer on September 24, 2025, while he continues as Senior Vice President of Finance, Controller with a base salary of $175,000. His prior CFO and finance roles at several companies suggest the firm is formalizing its accounting leadership without changing compensation terms stated here.

On the same date, the company added a dedicated Chief Investment & Strategy Officer and Chief Marketing Officer, indicating a clearer focus on capital deployment and market positioning. The board simultaneously reduced its size from seven to five members, which may streamline decision-making but concentrates oversight among fewer directors. Overall, these moves reshape senior management and governance structure, with the ultimate impact depending on how the new leaders execute over future reporting periods.

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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): September 24, 2025

SHF Holdings, Inc.

(Exact name of registrant as specified in its charter)

Delaware

(State or other jurisdiction of incorporation)

001-40524		86-2409612
(Commission File Number)		(IRS Employer Identification No.)

1526 Cole Blvd., Suite 250

Golden, Colorado 80401

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (303) 431-3435

(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
Class A Common Stock, $0.0001 par value per share		SHFS		The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share		SHFSW		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.

Principal Accounting Officer

On September 24, 2025, SHF Holdings, Inc. (the “Company”) appointed Douglas Beck as the Company’s Principal Accounting Officer.

Mr. Beck, age 64, will continue to serve as the Company’s Senior Vice President of Finance, Controller, a position that he has held since May 2025. Prior to his appointment as the Company’s Senior Vice President of Finance, Controller, Mr. Beck served as the Chief Financial Officer of AiAdvertising, Inc. from November 2024 to April 2025 and the Chief Financial Officer of ShiftPixy, Inc. from January 2023 to March 2024. Mr. Beck also served as a consultant to Beyond Air Inc. from September 2021 to December 2022 and as its Chief Financial Officer from November 2018 to August 2021. He received a Bachelor of Science in Accounting from Fairleigh Dickinson University, and is also a licensed Certified Public Accountant.

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

There is no change to Mr. Beck’s annual base salary of $175,000 or any other compensation as a result of this appointment. All equity awards will be subject to the terms of the Company’s Amended and Restated – 2022 Equity Incentive Plan (as amended from time to time), the Company’s standard award agreements, and the Company’s clawback policies, as applicable.

Chief Investment & Strategy Officer

On September 24, 2025, the Company appointed Michael Regan as the Company’s Chief Investment & Strategy Officer.

Chief Marketing Officer

On September 24, 2025, the Company appointed Jeffrey Kay as the Company’s Chief Marketing Officer.

Board Size

On September 24, 2025, the board of directors (the “Board”) of the Company approved a decrease in the size of the Board from seven to five members.

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.

	SHF HOLDINGS, INC.
Date: September 30, 2025	By:	/s/ Terrance E. Mendez
		Terrance E. Mendez
		Chief Executive Officer

FAQ

What leadership changes did SHF Holdings (SHFS) announce in this 8-K?

On September 24, 2025, SHF Holdings, Inc. appointed Douglas Beck as Principal Accounting Officer, Michael Regan as Chief Investment & Strategy Officer, and Jeffrey Kay as Chief Marketing Officer.

Who is Douglas Beck and what is his role at SHF Holdings (SHFS)?

Douglas Beck, age 64, was appointed Principal Accounting Officer and will continue as Senior Vice President of Finance, Controller, a position he has held since May 2025, with an annual base salary of $175,000.

Did SHF Holdings (SHFS) change Douglas Beck’s compensation with this appointment?

No. The filing states there is no change to Mr. Beck’s annual base salary of $175,000 or any other compensation as a result of his appointment as Principal Accounting Officer.

Are there any related-party or conflict-of-interest concerns disclosed for Douglas Beck at SHF Holdings (SHFS)?

The company states there are no arrangements or understandings behind his appointment, no family relationships with directors or executive officers, and no material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.

How did SHF Holdings (SHFS) change the size of its board of directors?

On September 24, 2025, the board of SHF Holdings, Inc. approved a decrease in its size from seven members to five members.

What new executive roles were created at SHF Holdings (SHFS)?

The company appointed a new Chief Investment & Strategy Officer, Michael Regan, and a new Chief Marketing Officer, Jeffrey Kay, both effective September 24, 2025.