09/29/2026 | Press release | Distributed by Public on 09/29/2026 14:06
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Resignation of Director; Appointment of Director
On September 24, 2026, Jaime Cosculluela resigned as a member of the Board of Directors of La Rosa Holdings Corp., a Nevada corporation (the "Company"), effective September 24, 2026. Mr. Cosculluela's resignation was for personal reasons and was not a result of any disagreement between Mr. Cosculluela and the Company, its management, the Board of Directors of the Company (the "Board") or any committee of the Board.
On September 24, 2026, upon recommendation of the Nominating and Corporate Governance Committee of the Board, the Board appointed Marc Urbach, as a member of the Board, effective as of September 24, 2026.
The Board has determined that Mr. Urbach qualifies as an "independent director" as defined under Nasdaq Rule 5605(a)(2) and satisfies the independent requirements of Rule 10A-3(b)(1) of the Securities Exchange Act of 1934, as amended. Mr. Urbach will serve as a director until the Company's next annual meeting of stockholders or until his successor is elected and qualified.
Marc Urbach, age 53, is the owner of Doorstep Delivery Logistics LLC and has served as its Chief Executive Officer since August 2020. Since January 2017, Mr. Urbach has served as a finance lead at Chardan Capital Markets, an investment bank. Prior to August 2020, Mr. Urbach served as the President/CFO and a board member of Ideanomics, Inc. (formerly known as YOU On Demand Holdings, Inc.). Mr. Urbach also serves as a director and Audit Committee Chair of Freight Technologies, Inc. (Nasdaq: FRGT) (since February 2022), as a director and Audit Committee Chair of Aero Velocity Inc. (since January 2025), and as Managing Director of Footprint Logistics (since September 2023). Mr. Urbach has worked in accounting and finance in various capacities for over 30 years. He earned a B.S. in Accounting from Babson College.
There are no arrangements or understandings between Mr. Urbach and any other person pursuant to which Mr. Urbach was selected to serve as a director. There are no family relationships between Mr. Urbach and any director or executive officer of the Company. There are no transactions in which Mr. Urbach has an interest requiring disclosure under Item 404(a) of Regulation S-K.
In connection with his appointment, the Company entered into a Board of Directors Agreement with Mr. Urbach (the "Urbach Board Agreement"), pursuant to which Mr. Urbach will receive a quarterly base fee of $12,000 for his service on the Board and a quarterly chair fee of $3,000. The Urbach Board Agreement also includes customary indemnification, confidentiality and proprietary information provisions.
The foregoing summary of the Urbach Board Agreement is qualified in its entirety by reference to the full text thereof, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.