Business Context and Reporting Period
This Form 8-K Current Report is filed by AIB Data Centers Inc. on August 19, 2026. The report discloses a material corporate event regarding the departure of a senior executive. The registrant is incorporated in Delaware and trades on the NYSE American LLC under the symbol AIB.
Key Financial Metrics
This filing does not contain financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The document focuses exclusively on executive compensation and separation terms.
Material Changes
The primary material change reported is the resignation of Eyal Rozen from his position as Chief Operating Officer, effective immediately on August 14, 2026.
Management Commentary, Risks, and Unusual Items
Separation Agreement Details:
- Effective Date: The Separation Agreement and General Release is dated August 13, 2026, executed on August 19, 2026, and becomes effective on August 27, 2026, subject to a seven-day revocation period.
- Compensation: Mr. Rozen is entitled to his base salary through the termination date, reimbursement of unreimbursed business expenses, and three months of salary continuation at his current annual base rate.
- Benefits: The Company will reimburse the full monthly health insurance premium for Mr. Rozen and his spouse under COBRA until the earlier of December 31, 2026, or eligibility for new coverage.
- Conditions: Payments are conditioned upon the execution of a general release of claims and compliance with restrictive covenants, including non-disparagement, non-competition, non-solicitation, and confidentiality. The non-competition and non-solicitation obligations apply during the three-month severance period.
Risks and Contingencies: The agreement is governed by New York law. The filing notes that the description of the agreement is qualified by reference to the full text filed as Exhibit 10.1.
Investor Verification Checklist
- Verify the exact terms of the Separation Agreement in Exhibit 10.1 attached to this filing.
- Confirm the status of the seven-day revocation period for the general release.
- Monitor for any subsequent announcements regarding the appointment of a new Chief Operating Officer.
- Review the Company's next periodic report (10-Q or 10-K) for the impact of this executive departure on operational strategy.