11/05/2025 | Press release | Distributed by Public on 11/05/2025 14:27
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On November 5, 2025, Mr. Michael Portera submitted to the Board of Directors ("Board") of Nexscient, Inc. (the "Company") his resignation as Chief Financial Officer, effective immediately. Mr. Portera's resignation was not the result of any disagreement with the Company on any matter relating to its operations, policies, or practices.
Effective the same date, the Company's Chief Executive Officer, Fred E. Tannous, was appointed to serve as the Company's Interim Chief Financial Officer until a permanent successor is appointed. Mr. Tannous will continue to serve in his current capacity as Chief Executive Officer while assuming the additional responsibilities of the interim Chief Financial Officer. The Company has commenced the process of identifying and evaluating candidates to fill the Chief Financial Officer position on a permanent basis.
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