Business Context and Reporting Period
This Form 8-K Current Report was filed by Apex Treasury Corp on March 9, 2026, covering events occurring on March 9 and March 13, 2026. The company is incorporated in the Cayman Islands and is an emerging growth company. Its securities trade on The Nasdaq Stock Market LLC under the symbols APXTU (Units), APXT (Class A ordinary shares), and APXTW (Warrants).
Key Financial Metrics
This filing is a current report regarding corporate governance changes and does not contain financial statements. Consequently, the filing text does not provide clear values for revenue, profit, cash flow, margins, debt, or liquidity.
Material Changes
The filing discloses significant changes to the Board of Directors:
- Resignation: David Mikulecky resigned from the Board effective March 9, 2026. He stated there was no disagreement with the Company regarding operations, policies, or practices.
- Appointment: On March 13, 2026, the Board appointed Stephen CuUnjieng as a Class I director. His term expires at the first annual meeting of shareholders.
- Committee Assignments: Mr. CuUnjieng was appointed to the Audit and Compensation Committees and was determined to be an independent director.
Outlook, Risks, and Unusual Items
Management Commentary and Compensation:
- Mr. CuUnjieng brings extensive experience in the banking industry, including prior roles as Chairman and CEO of Evercore Asia and senior positions at Macquarie Group and Merrill Lynch.
- In connection with his appointment, Mr. CuUnjieng will receive 30,000 Class B ordinary shares from the Sponsor (Apex Treasury Sponsor LLC).
- The Company entered into an Indemnity Agreement, a Letter Agreement, and a joinder to the Registration Rights Agreement with Mr. CuUnjieng on March 13, 2026.
Risks and Contingencies:
- The filing confirms no family relationships between Mr. CuUnjieng and other directors/officers.
- Mr. CuUnjieng does not have any direct or indirect material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.
Investor Verification Checklist
- Verify the independence status of Stephen CuUnjieng under Nasdaq rules.
- Review the specific terms of the Indemnity Agreement (Exhibit 10.1) and Letter Agreement (Exhibit 10.2) attached to the filing.
- Confirm the impact of the 30,000 Class B ordinary share grant on existing capital structure and dilution.
- Check for any subsequent filings regarding the resignation of David Mikulecky to ensure no undisclosed disagreements arose post-filing.