My Size, Inc. filed a Form 8-K on October 26, 2026, disclosing the removal of Borja Cembrero Saralegui as Chief Growth Officer effective October 31, 2026, and detailing the terms of a separation agreement totaling approximately €433,150.68.

Key Highlights

  • Removal effective October 31, 2026: The Board approved the removal of Borja Cembrero Saralegui as Chief Growth Officer on October 22, 2026, with the separation date set as October 31, 2026.
  • Dual role departure: Mr. Cembrero also served as Executive Director of Naiz Bespoke Technologies, S.L., a subsidiary, and was separately removed from that position on the same date.
  • Aggregate separation obligation: The Company and Naiz jointly and severally acknowledged €433,150.68 (approximately $486,813) payable to Mr. Cembrero.
  • Payment breakdown: The acknowledged amount consists of severance compensation of €228,493.15, payment in lieu of notice of €18,904.11, accrued vacation pay of €5,753.42, and €180,000.00 for a two-year non-competition covenant.
  • Initial payment plan: €125,000 will be paid in cash in monthly installments from November 2026 through August 2027; the remaining €308,150.68 is subject to further negotiation.
  • No disagreement cited: According to the filing, "Mr. Cembrero's removal was not the result of any disagreement with the Company regarding its operations, policies or practices."

My Size Parts Ways with Chief Growth Officer Under Structured Payment Agreement

According to the Form 8-K filed with the SEC on October 26, 2026, the Board of Directors of My Size, Inc. (NASDAQ:MYSZ), acting on the recommendation of the Compensation Committee, approved the removal of Borja Cembrero Saralegui from his role as Chief Growth Officer. The separation date is October 31, 2026. Mr. Cembrero simultaneously held the position of Executive Director at Naiz Bespoke Technologies, S.L., a Company subsidiary, from which he was also removed under the terms of his Executive Director Agreement dated June 1, 2025.

In connection with the departure, the Company, Naiz, and Mr. Cembrero entered into a Debt Acknowledgement and Payment Plan Agreement, along with a confirmation letter, both dated October 22, 2026. The filing discloses that the Company and Naiz jointly and severally acknowledged an aggregate obligation of €433,150.68 (approximately $486,813). This sum covers severance compensation of €228,493.15, payment in lieu of notice of €18,904.11, accrued and unused vacation pay of €5,753.42, and €180,000.00 in consideration for Mr. Cembrero's two-year post-termination non-competition covenant. The effectiveness of the non-competition covenant is conditioned upon payment of the €180,000.00 amount, according to the filing.

The separation agreement provides that €125,000 of the total will be paid in cash via monthly installments from November 2026 through August 2027. The parties have agreed to negotiate in good faith regarding the remaining €308,150.68, which the filing states "may be satisfied in cash, in kind or through a combination thereof, including by the transfer of equity interests in an entity within the Company's group." If no payment plan is reached, the remaining balance becomes due and payable on August 18, 2027. Unpaid amounts will accrue interest at the applicable Spanish statutory rate, and any payment default will accelerate all outstanding amounts. The filing notes that the separation agreement does not include a release of claims, and a final settlement agreement is to be entered following full payment.

What Was Disclosed

My Size, Inc. disclosed the October 31, 2026 removal of its Chief Growth Officer and Executive Director of subsidiary Naiz, Borja Cembrero Saralegui, along with a separation payment obligation of €433,150.68 (approximately $486,813) governed by a structured payment plan.