Foxx Development Names Michelle Jie Shen Director, Sets $60,000 Annual Director Fee
Foxx Development Holdings disclosed that Michelle Jie Shen was elected as a director on December 22, 2025, and entered into an offer letter and indemnification agreement with her on January 20, 2026. The offer letter provides an annual director fee of $60,000, subject to Board review, and the indemnification agreement applies retroactively from December 22, 2025.
Key points
- Michelle Jie Shen elected director on December 22, 2025, previously announced in a Form 8-K dated December 29, 2025.
- Annual director fee of $60,000 under the offer letter dated January 20, 2026, subject to Board review and determination.
- Indemnification agreement with Ms. Shen dated January 20, 2026, applies retroactively from December 22, 2025.
The filing
Written by AI on Nov 9, 2026, 11:46 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 January 21, 2026.
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