Twenty One Capital adds Karl Olsoni to board
Twenty One Capital, Inc. appointed Karl Olsoni to its Board of Directors effective June 30, 2026.
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Form Type
8-K
Rhea-AI Filing Summary
Twenty One Capital, Inc. appointed Karl Olsoni to its Board of Directors effective June 30, 2026. His term runs until the Company’s 2027 annual general meeting, or earlier if he leaves the role. He was also appointed to the Board’s Audit Committee.
Under an Independent Director Agreement, Olsoni will receive an annual cash retainer of $150,000 and an annual award of Class A common stock valued at $150,000, plus reimbursement of reasonable travel and out-of-pocket expenses. The agreement is filed as Exhibit 10.1 to this report.
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, or exhibit attachments filed with this report.
Key Figures
Annual cash retainer: $150,000 per year
Annual stock award: $150,000 in Class A stock per year
Director term end: 2027 annual general meeting
+1 more
4 metrics
Annual cash retainer
$150,000 per year
Independent Director Agreement for Karl Olsoni
Annual stock award
$150,000 in Class A stock per year
Independent Director Agreement for Karl Olsoni
Director term end
2027 annual general meeting
Board term for Karl Olsoni
Trading symbol
XXI
Class A common stock on New York Stock Exchange
Key Terms
Independent Director Agreement, indemnification agreement, Audit Committee, emerging growth company, +1 more
5 terms
Independent Director Agreement financial
"In connection with his appointment, Mr. Olsoni entered into an independent director agreement (the “Independent Director Agreement”)"
indemnification agreement regulatory
"and the Company’s standard form of indemnification agreement, which was filed as Exhibit 10.10"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
Audit Committee financial
"the Board appointed Mr. Olsoni to the Audit Committee of the Board, effective June 30, 2026"
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.
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). 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.
Class A common stock financial
"Class A common stock, par value $0.01 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Twenty One Capital (XXI) disclose in this 8-K filing?
Twenty One Capital disclosed the appointment of Karl Olsoni to its Board of Directors and Audit Committee, effective June 30, 2026. The filing also outlines his compensation terms under an Independent Director Agreement and references related exhibits.
Who is Karl Olsoni in relation to Twenty One Capital (XXI)?
Karl Olsoni has been appointed as a director on Twenty One Capital’s Board, effective June 30, 2026. He will also serve on the Audit Committee and receives compensation under an Independent Director Agreement as an independent director of the Company.
What compensation will Karl Olsoni receive from Twenty One Capital (XXI)?
Karl Olsoni will receive an annual cash retainer of $150,000 and an annual Class A stock award valued at $150,000. Additionally, the Company will reimburse reasonable travel and other out-of-pocket expenses incurred while performing his board and committee duties.
How long is Karl Olsoni’s term on the Twenty One Capital (XXI) Board?
Karl Olsoni’s term runs until the 2027 annual general meeting of shareholders, when directors are elected. His service can end earlier in the event of death, resignation, disqualification, or removal, consistent with the Company’s governance framework.
What key agreements are associated with Karl Olsoni’s role at Twenty One Capital (XXI)?
Karl Olsoni entered into an Independent Director Agreement dated June 30, 2026, filed as Exhibit 10.1, and the Company’s standard form of indemnification agreement. These documents govern his compensation, protections, and certain obligations as an independent director.
On which exchange is Twenty One Capital’s Class A common stock listed?
Twenty One Capital’s Class A common stock, with a par value of $0.01 per share, trades under the symbol XXI on the New York Stock Exchange. This listing information appears in the section covering securities registered under Section 12(b) of the Exchange Act.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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