Cycurion, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Cycurion, Inc. on June 2, 2026, covering events occurring on May 28, 2026. The filing addresses significant changes in executive leadership, specifically the departure of the Chief Financial Officer and the appointment of a successor.
Key Financial Metrics
The filing does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on personnel changes and compensation terms.
Material Changes
- Departure of CFO: Alvin McCoy III is stepping down as Chief Financial Officer effective May 31, 2026. He will transition to a strategic advisory role focusing on growth initiatives, strategic expansion, and mergers and acquisitions.
- Appointment of CFO: Ana Garcia has been appointed as the new Chief Financial Officer, effective June 1, 2026. She brings over 20 years of senior finance leadership experience, most recently serving as Vice President of Finance and Interim CFO at KLDiscovery.
Compensation and Management Commentary
Ms. Garcia's compensation package, detailed in an Offer Letter dated May 21, 2026, includes:
- Base Salary: $300,000 annually.
- Annual Bonus: Eligible for up to 50% of base salary based on performance metrics; 2026 bonus will be pro-rated.
- Equity: One-time restricted stock unit (RSU) award with a target value of $300,000, vesting over three years, subject to board approval.
- Severance: If terminated without "Cause," she is entitled to six months of base salary, a pro-rated bonus, and COBRA premiums for up to six months.
The Company stated there are no family relationships between Ms. Garcia and any director or executive officer, and no other arrangements influenced her appointment.
Investor Verification Checklist
- Verify the full text of the Offer Letter (Exhibit 10.1) for specific vesting schedules and performance metrics.
- Review the press release (Exhibit 99.1) for additional context on the strategic advisory role of the departing CFO.
- Monitor upcoming filings for the impact of the leadership transition on financial reporting and strategic execution.
- Confirm the status of the RSU award approval by the Board of Directors.