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AI brief of an SEC Form 8-K · TEN Holdings, Inc. (XHLD)

TEN Holdings CFO Virgilio Torres steps down; Ian Lawson named interim CFO

Neutral Impact 4 of 5 leadership Written later

TEN Holdings, Inc. said its Chief Financial Officer, Virgilio D. Torres, stepped down effective immediately on September 30, 2026, so he could focus on his role as Chief Executive Officer. The Board appointed Ian Lawson, a Managing Director at Everest Advisors LLC, as interim CFO and principal financial and accounting officer, under a consulting agreement with Everest. The filing says the change was not due to any disagreement with the company.

Key points

  • Virgilio D. Torres stepped down as CFO, principal financial officer and principal accounting officer, effective immediately, on September 30, 2026
  • Ian Lawson, age 59, appointed Interim CFO effective September 30, 2026; he is a California-licensed CPA
  • Everest Advisors LLC consulting agreement pays Everest $4,000 per month; terminable by either party on 30 days written notice

The filing

CompanyTEN Holdings, Inc. (XHLD)
Form8-K, current report
Filed with the SECOct 5, 2026, 4:39 PM ET
Accession number0001493152-26-045754

Items reported: 1.01 Material Definitive Agreement5.02 Director / Officer Change

Read the filing on SEC.gov ↗

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 October 05, 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.