KULR Technology Group Appoints New Directors, General Counsel, and Secretary

Strategic Insights -

KULR Technology Group, a leading provider of next-generation thermal interface materials, has appointed two new directors, a general counsel, and secretary, as part of its efforts to strengthen its leadership team and drive the company's growth. Effective June 6, 2025, the board of directors increased its size to five members, appointing Messrs. Shawn Canter and Aron Schwartz to serve as non-executive directors. Mr. Schwartz was also appointed chair of the board's compensation committee and a member of the audit committee and nominating and corporate governance committee.

Mr. Schwartz, a seasoned corporate executive with over 25 years of experience, was previously a managing director at ACON Investments and founder of Constructivist Capital, LLC. He has served on the boards of several public and private companies, including Invacare Corporation and 1-800 Contacts, Inc. The board concluded that Mr. Schwartz is qualified to serve on the board due to his significant commercial, financial, and management expertise.

Mr. Canter, currently chief financial officer of the company, was also appointed as a non-executive director. He brings over 25 years of experience in corporate finance and has held various positions, including chief financial officer of a publicly traded company. Mr. Canter received a bachelor's degree in economics and a master's degree in organizational behavior from Stanford University and a JD and an MBA from the University of Michigan.

Jay K. Yamamoto was appointed as general counsel and secretary of the company, effective June 6, 2025. Mr. Yamamoto has 15 years of legal experience, including serving as the company's primary outside counsel since December 2016. He previously practiced law at Sichenzia Ross Ference Carmel LLP and has experience in corporate and securities law.

Key Takeaways:

  • The board of directors of KULR Technology Group increased its size to five members, appointing Messrs. Shawn Canter and Aron Schwartz as non-executive directors.
  • Mr. Schwartz was appointed chair of the board's compensation committee and a member of the audit committee and nominating and corporate governance committee.
  • Mr. Schwartz has served on the boards of several public and private companies, including Invacare Corporation and 1-800 Contacts, Inc.
  • Mr. Canter, currently chief financial officer of the company, was appointed as a non-executive director, bringing over 25 years of experience in corporate finance.
  • Jay K. Yamamoto was appointed as general counsel and secretary of the company, bringing 15 years of legal experience.
  • The company agreed to pay Mr. Schwartz cash compensation equal to $95,000 per year and issue 105,040 restricted stock units of the company's common stock.
  • Mr. Canter will not receive additional compensation for his duties on the board.
  • Mr. Yamamoto will receive an annual base salary of $350,000 and grant 1,500,000 restricted stock units of the company's common stock.

Statistics:

  • The board of directors of KULR Technology Group increased its size to five members.
  • Mr. Schwartz has served on the boards of seven public and private companies.
  • Mr. Canter has over 25 years of experience in corporate finance.
  • Jay K. Yamamoto has 15 years of legal experience.
  • The company agreed to pay Mr. Schwartz $95,000 per year in cash compensation.
  • Mr. Yamamoto will receive an annual base salary of $350,000.

Sources:

  • Form 8-K (Current Report) filed by KULR Technology Group on June 9, 2025, with the U.S. Securities and Exchange Commission.
  • Regulation S-K, Item 404(a).
  • Securities Exchange Act of 1934.