Summary by Futu AI
KULR Technology Group, Inc. announced significant changes to its Board of Directors in a Form 8-K filed with the SEC on April 12, 2024. Effective April 15, 2024, Donna Haley Grier has been appointed as a new director of the Board, as well as the chair of the Audit Committee, and a member of both the Compensation Committee and the Nominating & Corporate Governance Committee. Ms. Grier brings extensive experience in finance and corporate governance, having held leadership roles at Global Advanced Metals, 4BMining, and Washington & Jefferson College, among others. She will receive a quarterly cash compensation and was granted 140,000 restricted stock units of the Company's common stock. Concurrently, Mr. Morio Kurosaki resigned from his director position and all other Board roles due to other professional obligations, with no disagreements with the Company cited. In recognition of his service, Mr. Kurosaki received immediately vested equity compensation of 15,000 shares. Additionally, the Board approved equity compensation grants for Dr. Joanna Massey under the Company's 2018 Equity Incentive Plan, which includes immediately vested shares and restricted stock units.