Three top executives exit Wellgistics Health (WGRX) as interim CFO is appointed

Rhea-AI Filing Summary

Wellgistics Health, Inc. reported that three senior executives resigned on October 6, 2025. Chief Executive Officer Brian Norton and Chief Financial Officer Mark DiSiena each resigned effective 5:00 p.m. EST, and Chief Operating Officer Tony Madsen resigned effective 8:00 p.m. EST the same day.

On October 7, 2025, the board appointed Eric Sherb as interim Chief Financial Officer. Sherb, age 38, is a CPA with 16 years of experience in accounting advisory, auditing, mergers and acquisitions, and capital markets transactions including IPOs and SPAC deals.

The company had previously entered into a consulting agreement on September 8, 2025 with EMS Consulting Services, Inc., an entity controlled by Sherb, which was amended to cover his interim CFO role. Under this agreement, he provides CFO-level services at hourly rates of $185 for CPA services and $80 for bookkeeping or controller-related work, and the agreement may be terminated by either party at any time.

Positive

• None.

Negative

• Simultaneous departure of three key executives: The Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer all resigned effective October 6, 2025, creating a significant leadership transition at the top of the company.

Insights

Corporate governance and leadership transition analyst

Simultaneous CEO, COO, and CFO exits create leadership uncertainty despite appointing an interim CFO.

The company disclosed the same-day resignations of its Chief Executive Officer, Chief Operating Officer, and Chief Financial Officer, all effective on October 6, 2025. Losing three top executives at once is an unusual governance event that can disrupt strategic continuity and internal decision-making.

To address the finance leadership gap, the board appointed Eric Sherb as interim CFO on October 7, 2025. He provides services through a consulting agreement via EMS Consulting Services, Inc., at hourly rates of $185 for CPA services and $80 for bookkeeping or controller team work, with either party able to terminate at any time.

This structure gives flexibility but also underscores that the role is interim and consulting-based rather than a permanent internal hire. Future disclosures in company communications or subsequent reports may clarify long-term leadership plans and any additional executive appointments.

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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 6, 2025

WELLGISTICS HEALTH, INC.

(Exact name of registrant as specified in its charter)

Delaware		001-42530		93-3264234
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

3000 Bayport Drive

Suite 950

Tampa, FL 33607

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (844) 203-6092

Not Applicable

(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, $0.0001 par value per share		WGRX		The Nasdaq Capital 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.

Officer Resignations

On October 6, 2025, Brian Norton advised the Company that he was resigning from his position as Chief Executive Officer of the Corporation effective Monday, October 6, 2025, at 5:00 p.m. EST.

On October 6, 2025, Tony Madsen advised the Company that he was resigning from his position as Chief Operating Officer of the Corporation effective Monday, October 6, 2025, at 8:00 p.m. EST.

On October 6, 2025, Mark DiSiena advised the Company that he was resigning from his position as Chief Financial Officer of the Corporation effective Monday, October 6, 2025, at 5:00 p.m. EST.

Appointment of Officer

On October 7, 2025, Eric Sherb was appointed as the interim Chief Financial Officer of the Company by the board of directors.

Eric Sherb (age: 38) serves as the chief financial officer of Crown Reserve Acquisition Corp. I. He is a CPA with 16 years of experience in accounting advisory, auditing and mergers and acquisitions. Mr. Sherb began his career at PricewaterhouseCoopers in New York City in a variety of industries from hedge funds to manufacturing and healthcare. Following his time at PricewaterhouseCoopers, Mr. Sherb served as Audit Manager at RBSM LLP, and Senior Manager at CFGI. Since October 2018, Mr. Sherb has been a founder and owner of EMS Consulting Services, LLC. Mr. Sherb has extensive experience in financial reporting and governance within the capital markets, including IPOs, direct listings, SPAC and de-SPAC transactions. He has served as chief financial officer and provided financial consultancy services for several NASDAQ and OTC clients, most recently, Scienture Holdings (NASDAQ: SCNX). Mr. Sherb has successfully assisted companies with IPO and audit readiness, registration statement filings, coordination with other stakeholders (legal, underwriters, transfer agent, edgarizers, etc), and ongoing SEC and PCAOB compliance.

On September 8, 2025, the Company entered into a Consulting Agreement with EMS Consulting Services, Inc., an entity controlled by Mr. Sherb (the “IC Agreement”), in connection with Mr. Sherb’s appointment as a consultant of the Company. The IC Agreement has been amended to reflect Mr. Sherb’s role as the interim Chief Financial Officer of the Company. Under the IC Agreement, Mr. Sherb has agreed to perform various financial services to the Company typical of a Chief Financial Officer of a publicly-traded company with common stock listed on The Nasdaq Marketplace LLC. In exchange, the Company has agreed to pay Mr. Sherb an hourly rate equal to $185 per hour for CPA services and $80 per hour for services related to bookkeeping or the controller team. The IC Agreement became effective on September 8, 2025, and may be terminated by either party at any time.

There are no family relationships between Mr. Sherb and any director, executive officer or nominees thereof of the Company. There are no related party transactions between the Company and Mr. Sherb that would require disclosure under Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended.

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 10, 2025	WELLGISTICS HEALTH, INC.
	By:	/s/ Prashant Patel
		Prashant Patel, President

FAQ

What major leadership changes did Wellgistics Health (WGRX) disclose in this 8-K?

Wellgistics Health reported that its CEO Brian Norton, COO Tony Madsen, and CFO Mark DiSiena all resigned on October 6, 2025. These resignations were effective that evening, marking a substantial simultaneous change in the company’s senior leadership team.

Who was appointed interim CFO of Wellgistics Health (WGRX) and what is his background?

The board appointed Eric Sherb as interim Chief Financial Officer on October 7, 2025. Sherb is a 38-year-old CPA with 16 years of experience in accounting advisory, auditing, M&A, and capital markets, including IPOs, direct listings, SPAC and de-SPAC transactions for Nasdaq and OTC companies.

How is interim CFO Eric Sherb compensated under his consulting agreement with Wellgistics Health (WGRX)?

Under the consulting agreement with EMS Consulting Services, Inc., controlled by Sherb, he earns $185 per hour for CPA services and $80 per hour for bookkeeping or controller-related services. The agreement was effective September 8, 2025 and may be terminated at any time by either party.

When did Wellgistics Health (WGRX) enter into the consulting agreement with EMS Consulting Services?

Wellgistics Health entered into the consulting agreement with EMS Consulting Services, Inc. on September 8, 2025. The agreement was later amended to reflect Eric Sherb’s role as interim Chief Financial Officer while he continues providing financial services typical for a Nasdaq-listed company’s CFO.

Are there any disclosed family or related party relationships for interim CFO Eric Sherb at Wellgistics Health (WGRX)?

The company states there are no family relationships between Eric Sherb and any director, executive officer, or nominee. It also notes there are no related party transactions with Sherb that would require disclosure under Item 404(a) of Regulation S-K for this appointment.

What types of services will interim CFO Eric Sherb provide to Wellgistics Health (WGRX)?

Sherb has agreed to perform financial services typical of a CFO of a publicly-traded company listed on Nasdaq. This includes financial reporting and governance activities, drawing on his experience with IPOs, registration filings, and ongoing SEC and PCAOB compliance for public company clients.