Datavault AI (DVLT) announced the resignation of director Wendy Wilson and the appointment of Jeffrey Tirman to its Board of Directors, effective October 12, 2026. This change fulfills a key term of the company's recent acquisition of NYIAX, Inc., which allowed NYIAX to designate two members to the board.
Key Details
- Board Changes: Wendy Wilson resigned effective October 12, 2026, to allow for the appointment of Jeffrey Tirman. Her resignation was not due to any disagreement with the company.
- Appointment Context: Mr. Tirman's appointment was designated by NYIAX as part of the merger agreement finalized on August 19, 2026. He brings over 35 years of experience in investment management and corporate restructuring and holds 26 million DVLT shares.
- Director Compensation: As a non-employee director, Mr. Tirman will receive annual cash compensation of $60,000 and a restricted stock award of 125,000 shares of common stock.