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AI brief of an SEC Form 8-K · CSP INC /MA/ (CSPI)

CSP Inc. Chief Accounting Officer Michael Newbanks departs; Eric Sachs takes role

Neutral Impact 2 of 5 leadership Written later

CSP Inc. disclosed that Michael Newbanks, its Vice President of Finance and Chief Accounting Officer, left his position on June 5, 2026, after the company extended his role to help transfer it to Eric Sachs. The filing says the departure was not due to any disagreement with the company or its board, and Newbanks will provide consulting services going forward.

Key points

  • Michael Newbanks left his role as VP of Finance and Chief Accounting Officer on June 5, 2026.
  • Newbanks had served as Chief Accounting Officer since July 2017 and was Controller of the Modcomp subsidiary from May 2003.
  • The filing states the departure was not the result of any disagreement with the company or its board over operations, policies or practices.
  • Newbanks will provide consulting services to the company after his departure date.

The filing

CompanyCSP INC /MA/ (CSPI)
Form8-K, current report
Filed with the SECJun 9, 2026, 11:42 AM ET
Accession number0000356037-26-000033

Items reported: 5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 09, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.