Key Highlights

• REalloys (NASDAQ: ALOY) replaces its departing finance chief with Craig Cunningham, effective June 24, 2026.

• The outgoing executive receives a lump‑sum severance payment of $200,000 and a grant of 20,000 fully vested shares of REalloys common stock, par value $0.001 per share.

• Cunningham’s agreement provides a base consulting fee of $55,000 per month, amounting to $660,000 annually, together with an annual performance bonus with a target opportunity of 100% and a maximum opportunity of 150%.

• An incentive award with a target grant‑date value of 150% of the annualized base consulting fee (or $990,000) is granted under the Company’s equity incentive plan, with 50% vesting initially and the remaining 50% after one year.

• A copy of the consulting agreement.

Leadership Shift at REalloys

REalloys Inc. (NASDAQ: ALOY) disclosed a transition in its senior finance team, naming Craig Cunningham as chief financial officer following the departure of its long‑standing finance chief. The change takes effect on June 24, 2026 and aligns with the company’s strategy to reinforce financial oversight amid evolving market dynamics in the mining supply sector.

Terms for the Departing Finance Chief

The departing executive’s exit includes a lump‑sum severance payment of $200,000 and a grant of 20,000 fully vested shares of REalloys common stock, par value $0.001 per share. These components are subject to customary tax withholdings and are detailed in the filing accompanying the announcement.

New CFO Compensation Structure

Craig Cunningham will serve under a two‑year consulting arrangement administered by Provenance Advisors. The contract specifies a base consulting fee of $55,000 each month, which totals $660,000 on an annual basis. In addition, the agreement outlines an annual performance bonus with a target opportunity of 100% and a maximum opportunity of 150% of the base fee.

Equity Incentive Components

An incentive award valued at 150% of the annualized base consulting fee (or $990,000) will be issued pursuant to the Company’s equity incentive plan. The award vests in two equal portions: an initial 50% upon grant and the remaining 50% after one year of service. The plan also provides for accelerated vesting under a change‑in‑control scenario or a qualifying termination, reinforcing alignment with shareholder interests.

A copy of the agreement.

Board Update

The company reported that a board member will step down on June 29, 2026. No immediate replacement has been announced, and the remaining directors will continue to oversee governance and strategic direction.

Transition Support Arrangement

To facilitate a seamless handover, the departing finance chief has agreed to provide consulting assistance for up to 12 months. The arrangement incorporates confidentiality and non‑disparagement provisions, ensuring continuity during the leadership change.

Sector Context and Experience

Craig Cunningham brings extensive experience in mining finance, having held senior finance positions at multiple publicly traded resource companies. His expertise spans capital allocation, risk management, and operational finance across North American and international mining operations. This background equips him to address the financial complexities facing REalloys as it expands its product portfolio and pursues growth opportunities in a competitive market.

 

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.