Xtend AI Robotics, Inc. filed a current report on Form 8-K on October 26, 2026, disclosing the separation of its Chief Operating Officer, Amir Ofri, effective October 31, 2026, and amendments to employment agreements for five executives that include a temporary 15% salary reduction effective December 1, 2026.

Key Highlights

  • COO resignation: Amir Ofri will resign as Chief Operating Officer on October 31, 2026, under a Termination of Employment by Mutual Agreement dated October 22, 2026.
  • Ofri severance terms: Mr. Ofri is entitled to continued base salary and benefits through December 31, 2026, continued equity award vesting, a termination payment equal to three times his monthly salary, and a one-time gross payment of NIS 30,000 (approximately $9,636) in lieu of a vehicle allowance.
  • Temporary salary reductions: Effective December 1, 2026, the salaries of Messrs. A. Shapira, Horesh, Liani, and M. Shapira are each reduced by 15%, resulting in annual salaries of $425,000, $340,000, $327,250, and $327,250, respectively.
  • Restoration trigger: The 15% salary reduction remains in effect until the Compensation Committee determines there has been sufficient improvement in share price or that a sufficient debt or equity financing has been closed by the company.
  • Change-in-control vesting: All outstanding and unvested RSUs held by Messrs. A. Shapira, Horesh, Liani, M. Shapira, and Swiel will become fully vested immediately prior to, and subject to, consummation of a Change in Control as defined in the company's 2026 Equity Incentive Plan.
  • Swiel RSU grant: Mor Swiel received a grant of 570,000 RSUs vesting monthly over 36 months in three equal tranches of 190,000 RSUs each, with the second and third tranches conditioned on key performance indicators due by March 1, 2027 and September 1, 2027, respectively.

Xtend AI Robotics Discloses COO Exit and Executive Compensation Changes

According to the filing, Xtend AI Robotics, Inc. (NYSE:XTND), a Delaware corporation headquartered in Tampa, Florida, reported two categories of personnel-related actions on October 26, 2026. The first involves the departure of Amir Ofri, the company's Chief Operating Officer. Under the Termination Agreement between the company's subsidiary, XTEND Reality Expansion Ltd., and Mr. Ofri, his resignation takes effect on October 31, 2026, with the agreement formally concluding on December 31, 2026. Post-separation obligations include non-solicitation, non-disclosure, and non-disparagement provisions following the December 31, 2026 Termination Date.

The filing states that Mr. Ofri's compensation through the Termination Date includes continuation of his base salary and benefits, continued vesting of equity awards per their existing terms, a termination payment equal to three times his monthly salary paid on the Termination Date, a one-time gross payment of NIS 30,000 (approximately $9,636) in lieu of a vehicle allowance, and all accrued amounts due under Israeli law. The filing notes that the description of the Termination Agreement "is not complete, and is qualified in its entirety by the full text of the Termination Agreement."

The second category involves amendments to employment agreements for five executives, dated October 24, 2026, amending initial agreements executed September 3, 2026. For Messrs. A. Shapira, Horesh, Liani, and M. Shapira, the amendments introduce a temporary 15% reduction to their then-current salaries effective December 1, 2026. The filing specifies that if any of these executives are terminated other than for Cause or resign for Good Reasons before the reduction is reversed, any severance calculated by reference to salary will use the pre-reduction Base Salary. The amendments also add change-in-control accelerated vesting for all five executives' unvested RSUs.

What Was Disclosed

The 8-K disclosed the mutually agreed separation of COO Amir Ofri effective October 31, 2026, with defined severance, and amendments to five executive employment agreements introducing temporary 15% salary reductions, change-in-control RSU acceleration, and a 570,000 RSU grant for Mor Swiel.