OpenWorld, Inc. filed a Form 8-K on October 26, 2026, disclosing the removal of Jennifer Cola as Chief Financial Officer effective October 23, 2026, the appointment of Gerard Hernandez as her successor, and the announcement of preliminary estimated revenue results for the quarter ended September 30, 2026.

Key Highlights

  • CFO removed: The Board of Directors removed Jennifer Cola as Chief Financial Officer effective October 23, 2026; she remains employed under the terms of her existing employment agreement.
  • New CFO appointed: Gerard Hernandez, age 38, was appointed Chief Financial Officer, Treasurer and Secretary effective October 23, 2026.
  • Prior role: Mr. Hernandez had served as the Company's Chief Accounting Officer since September 30, 2026, and previously as Chief Accounting Officer for Open World Ltd. from January 1, 2026 to September 30, 2026.
  • No compensation changes: According to the filing, "There were no changes to Mr. Hernandez's compensation."
  • Related-party consulting fees: The Company incurred consulting fees of $100,000 for the year ended December 31, 2025, and $120,833 for the nine months ended September 30, 2026, paid to GM Consulting Group Inc., an entity co-owned by Mr. Hernandez and his spouse.
  • Preliminary revenue results: A press release announcing preliminary estimated revenue results for the quarter ended September 30, 2026 was furnished as Exhibit 99.1 to the filing.

OpenWorld's CFO Transition and Related Disclosures

According to the filing, OpenWorld, Inc. (NASDAQ:OPNW), a Nevada corporation headquartered in Lake Mary, Florida, disclosed on October 26, 2026, that its Board of Directors voted on October 22, 2026, to remove Jennifer Cola from the role of Chief Financial Officer, with the change taking effect October 23, 2026. The filing states that Ms. Cola remains employed by the Company under her existing employment agreement.

The Board simultaneously approved the appointment of Gerard Hernandez as Chief Financial Officer, Treasurer and Secretary, also effective October 23, 2026. The filing details that Mr. Hernandez, age 38, holds a Bachelor of Science and a Diploma of Accounting from the University of British Columbia, earned in 2010 and 2011 respectively. He is a Certified Public Accountant licensed by the Washington State Board of Accountancy and a Chartered Professional Accountant in British Columbia, Canada. His background includes roles as CFO at ThriveCoin Inc., JEVB Services LLC, and Agathos Support Service Inc., among others. The filing notes that ThriveCoin "has a client referral relationship with OpenWorld."

The filing also discloses a related-party arrangement: the Company engages GM Consulting Group Inc., co-owned equally by Mr. Hernandez and his spouse, to provide accounting, financial reporting, and related consulting services. Consulting fees incurred under this arrangement totaled $100,000 for the year ended December 31, 2025, and $120,833 for the nine months ended September 30, 2026. Mr. Hernandez entered into an employment agreement amendment dated October 23, 2026, reflecting his updated title; the filing states no compensation changes accompanied the appointment. Separately, the filing furnished a press release as Exhibit 99.1 covering preliminary estimated revenue results for the quarter ended September 30, 2026.

What Was Disclosed

OpenWorld, Inc. reported the removal of its prior CFO Jennifer Cola, the appointment of Gerard Hernandez as CFO effective October 23, 2026, a related-party consulting arrangement with GM Consulting Group Inc., and preliminary estimated revenue results for Q3 2026.