ZeroStack Corp. filed a Form 8-K on November 2, 2026, disclosing that effective November 1, 2026, it terminated its employment agreement with Chief Financial Officer Dany Vaiman and replaced it with a new consulting agreement covering CFO and operational services.

Key Highlights

  • New consulting agreement: ZeroStack entered into a consulting agreement with Dany Vaiman, in his individual capacity, and Summer 366 Holdings LLC, a Puerto Rico limited liability company controlled by Mr. Vaiman, effective November 1, 2026.
  • 12-year term: The consulting agreement has a term of twelve years, unless earlier terminated in accordance with its terms.
  • Base fee of $350,000: Compensation consists of a base fee of US$350,000, of which US$50,000 is payable to Mr. Vaiman and US$300,000 to Summer 366 Holdings LLC.
  • Bonus structure: Each contractor is entitled to a target bonus of US$350,000 per calendar year, with a maximum bonus of US$700,000.
  • CFO role unchanged: Mr. Vaiman continues to serve as the company's duly appointed and sole Chief Financial Officer in his individual capacity.
  • Prior employment agreement terminated: The Vaiman Employment Agreement dated September 20, 2025 was terminated effective November 1, 2026, superseded by the new consulting agreement.
  • Equity awards preserved: According to the filing, Mr. Vaiman's rights with respect to previous equity awards remain unchanged by both the consulting agreement and the termination.

ZeroStack Replaces CFO Employment Contract with Consulting Structure

According to the filing, ZeroStack Corp. (NASDAQ:ZSTK) entered into a consulting agreement effective November 1, 2026, engaging Dany Vaiman in his individual capacity and Summer 366 Holdings LLC as independent contractors to provide Chief Financial Officer consulting and operational related services. Summer 366 Holdings LLC is described in the filing as a Puerto Rico limited liability company controlled by Mr. Vaiman.

The filing discloses that the consulting agreement carries a twelve-year term, subject to earlier termination in accordance with its terms. The total base fee is US$350,000 annually, split between Mr. Vaiman (US$50,000) and Summer 366 Holdings LLC (US$300,000). The filing further states that each contractor is entitled to a target bonus of US$350,000 each calendar year, with a maximum bonus of US$700,000. The contractors will also be eligible to receive equity-based compensation for the services rendered. As a condition of their retention, the filing notes, the contractors agreed to protect nonpublic business, technical, financial, personal, and proprietary information.

The filing also discloses that the prior Vaiman Employment Agreement, dated September 20, 2025, was terminated effective November 1, 2026, having been superseded by the new consulting arrangement. The company noted that its Form 8-K filed with the SEC on September 23, 2025 contains a summary of the material terms of the terminated employment agreement. The filing states that Mr. Vaiman's rights with respect to previous equity awards remain unchanged in connection with both the new agreement and the termination of the prior one.

What Was Disclosed

ZeroStack Corp. disclosed the termination of its CFO's employment agreement and the concurrent entry into a new twelve-year consulting agreement with Dany Vaiman and his controlled entity, Summer 366 Holdings LLC, covering CFO and operational services with a US$350,000 base fee and up to US$700,000 maximum annual bonus per contractor.