Form 8-K
8-K — BOXABL Inc.
Accession: 0001493152-26-044205
Filed: 2026-09-25
Period: 2026-09-24
CIK: 0001906364
SIC: 1520 (GEN BUILDING CONTRACTORS - RESIDENTIAL BUILDINGS)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — form8-k.htm (Primary)
EX-10.1 (ex10-1.htm)
EX-99.1 (ex99-1.htm)
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 24, 2026
BOXABL
Inc.
(Exact
Name of Registrant as Specified in Charter)
Texas
001-42493
86-2579471
(State
or Other Jurisdiction
(Commission
(I.R.S.
Employer
of
Incorporation)
File
Number)
Identification
Number)
5345
E. N. Belt Road
Las
Vegas, NV
89115
(Address
of principal executive offices)
(Zip
Code)
(702)
500-9000
(Registrant’s
telephone number, including area code)
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Class
A Common Stock, $0.0001 par value per share
BXBL
The
Nasdaq Stock Market LLC
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging
growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
September 24, 2026, BOXABL Inc. (the “Company”) announced the expansion of its Board of Directors and the appointment of
Timothy Goldsmith as a director of the Company. Mr. Goldsmith was also appointed to be the Chairman of the Audit Committee and a member
of the Nominating and Corporate Governance Committee. Dr. Morris A. Davis, who has chaired the Audit Committee, will remain a member
of the Committee. The Board of Directors determined that Mr. Goldsmith is “independent” in accordance with Nasdaq Listing
Rule 5605(a)(2) and Rule 10A-3 of the Securities Exchange Act of 1934, as amended. The Board also determined that Mr. Goldsmith qualifies
as an “audit committee financial expert” as defined in Item 407(d)(5)(ii) of Regulation S-K.
As
compensation for his service as a director and his role on the Company’s Audit and Nominating and Corporate Governance Committees,
Mr. Goldsmith is entitled to compensation pursuant to the Company’s 2026 compensation package for non-employee directors. Under
this compensation package, Mr. Goldsmith is entitled to an annual cash retainer of $75,000 paid quarterly in arrears and $175,000 of
Restricted Stock Units with a one year cliff vesting period in connection with his service as a non-employee director, an addition $20,000
annual cash compensation in connection with his service as Chairman of the Audit Committee Chair, and an additional $6,000 in connection
with his service as a member of the Nominating and Corporate Governance Committee, in each case prorated for the partial year period
of service from September 24, 2026.
Mr.
Goldsmith spent nearly 21 years at Ernst & Young (“EY”), most recently as an audit partner from 2018 to 2026, where he
oversaw more than 20 complex public and private company audits and led a team of over 30 audit executives. He led audit strategy and
execution for companies ranging from $200 million to over $3 billion in revenue, and regularly presented financial findings and risk
assessments directly to audit committees and boards of directors. His technical background spans U.S. GAAP, IFRS, SEC and PCAOB standards,
and Sarbanes-Oxley compliance, along with hands-on experience guiding companies through M&A accounting, business combinations and
consolidated financial reporting. Earlier in his EY career, Mr. Goldsmith served as senior manager and manager in the firm’s Assurance
and Advisory practice, and spent time as a U.S. SEC capital markets and professional practice senior based in Hong Kong, where he advised
clients on cross-border transactions and IPOs involving U.S. operations. Mr. Goldsmith holds a Bachelor of Business Administration in
Accounting and Business Economics from Ohio University and is a certified public accountant licensed in Ohio, Georgia, New Jersey and
Nevada. He has also served on the boards of several nonprofit organizations, including Junior Achievement of Southern Nevada.
At
the same time, the Board also:
● removed
Zvi Yemini as Chairman of the Nominating and Corporate Governance Committee, though he continues
to serve as a member of the Committee.
● appointed
Dr. Morris A. Davis as Chairman of the Nominating and Corporate Governance Committee.
● removed
Larry G. Swets from the Nominating and Corporate Governance Committee; and
● removed
Zvi Yemini from the Audit Committee.
Item
9.01. Financial Statements and Exhibits
(d)
Exhibits.
Exhibit
No.
Description
10.1
Offer Letter to Timothy Goldsmith
99.1
Press Release
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document).
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
BOXABL Inc.
Date:
September 24, 2026
By:
/s/
Larry H. King
Larry
H. King
Chief
Financial Officer
EX-10.1
EX-10.1
Filename: ex10-1.htm · Sequence: 2
Exhibit
10.1
+1
(702) 500-9000
hello@boxabl.com
www.boxabl.com
5345
E N Belt Rd. North Las Vegas. NV 89115
September
23, 2026
Timothy
Goldsmith
Re:
Welcome to the Board of Directors
Dear
Timothy,
On
behalf of the Board of Directors of Boxabl, Inc. (the “Company”), I am pleased to confirm your appointment as a member of
our Board of Directors, subject to formal Board approval. We are confident that your extensive experience and qualifications will bring
tremendous value to our organization.
Committee
Assignments
Upon
your appointment, you will serve in the following committee capacities: Chair of the Audit Committee and member of the Nominating and
Corporate Governance Committee.
Compensation
Your
compensation as a director will be in accordance with the Company’s Board-approved director compensation program, as may be amended
from time to time by the Board or the Compensation Committee.
Onboarding
and Compliance
In
connection with your service, you will be asked to complete a Directors and Officers questionnaire for purposes of determining independence
and other qualifications. You will also be asked to execute the Company’s standard form of director indemnification agreement and
to acknowledge the Company’s Insider Trading Policy. Additional onboarding and orientation will be coordinated by the Company.
Non-Binding
Nature
This
letter is intended solely as a summary of information related to your appointment and does not constitute a binding agreement or contract.
It does not impose obligations or grant contractual rights beyond what is provided under the Company’s governing documents and
applicable law.
+1
(702) 500-9000
hello@boxabl.com
www.boxabl.com
5345
E N Belt Rd. North Las Vegas. NV 89115
We
look forward to welcoming you to the Board and working together to advance the Company’s mission.
Warm
regards,
BOXABL
Acknowledgment
of Receipt
I,
Timothy Goldsmith, hereby acknowledge receipt of this letter confirming my appointment to the Board of Directors of Boxabl, Inc.
Signature:
/s/
Timothy Goldsmith
Date:
2026-09-23
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 3
Exhibit
99.1
BOXABL
Appoints Timothy Goldsmith, CPA, to Board of Directors as Audit Committee Chair
Former
EY Audit Partner brings over two decades of public company and SEC reporting experience as BOXABL continues building out its finance
and governance infrastructure
LAS
VEGAS, Sept. 24, 2026 /PRNewswire/ — BOXABL Inc. (Nasdaq: BXBL), a leader in innovative, factory-built modular solutions, today
announced the expansion of its board of directors and the appointment of Timothy Goldsmith, CPA, to fill the new position, effective
Sept. 24, 2026. Goldsmith will serve as chair of the Audit Committee. In addition to chairing the Audit Committee, he will also serve
on the Nominating and Corporate Governance Committee.
Goldsmith’s
appointment follows BOXABL’s recent additions of Larry King as chief financial officer and Heather Clayton as chief accounting
officer, continuing the company’s build-out of the financial leadership and governance infrastructure expected of a newly public
company.
Timothy
Goldsmith Appointed to BOXABL Board of Directors as Audit Chair
Dr.
Morris A. Davis, who has chaired the Audit Committee, will remain a member of the Committee. Davis, an economist and the Paul V. Profeta
Chair of Real Estate at Rutgers Business School who joined BOXABL’s board in December 2025 after serving as Chief Housing Economist
for the White House Council of Economic Advisers, will continue to contribute his expertise in housing policy and economics to the board.
The change in Committee leadership reflects Goldsmith’s two decades of direct public company audit and SEC-reporting experience
as BOXABL’s governance needs continue to expand alongside its transition to a public company.
“Tim’s
two decades at EY, including years spent advising audit committees and boards at public companies across manufacturing, gaming and hospitality,
make him exactly the kind of governance partner we need as we scale,” said Paolo Tiramani, founder and CEO of BOXABL. “Combined
with the strength Larry and Heather will bring to our finance team, this appointment reflects how seriously we’re taking the discipline
and rigor that come with being a public company.”
Timothy
Goldsmith, Board Member, Audit Committee Chair and Nominating and Corporate Governance Committee Member
Goldsmith
spent nearly 21 years at EY, most recently as an audit partner from 2018 to 2026, where he oversaw more than 20 complex public and private
company audits and led a team of over 30 audit executives. He led audit strategy and execution for companies ranging from $200 million
to over $3 billion in revenue, and regularly presented financial findings and risk assessments directly to audit committees and boards
of directors. His technical background spans U.S. GAAP, IFRS, SEC and PCAOB standards, and Sarbanes-Oxley compliance, along with hands-on
experience guiding companies through M&A accounting, business combinations and consolidated financial reporting.
Earlier
in his EY career, Goldsmith served as senior manager and manager in the firm’s Assurance and Advisory practice, and spent time
as a U.S. SEC capital markets and professional practice senior based in Hong Kong, where he advised clients on cross-border transactions
and IPOs involving U.S. operations.
Goldsmith
holds a Bachelor of Business Administration in Accounting and Business Economics from Ohio University and is a certified public accountant
licensed in Ohio, Georgia, New Jersey and Nevada. He has also served on the boards of several nonprofit organizations, including Junior
Achievement of Southern Nevada.
“BOXABL
is tackling one of the country’s most pressing challenges, the shortage of affordable housing, with a genuinely innovative manufacturing
model. Having spent nearly 21 years in public accounting, I understand how important strong financial controls and governance are for
a company at this stage of growth, especially one that has recently gone public. I’m looking forward to working with the board
and management team to help build that foundation as BOXABL scales,” said Goldsmith.
To
learn more about BOXABL’s Board of Directors, please visit BOXABL’s Investor Page at https://www.boxabl.com/ir.
About
BOXABL
Since
its inception in 2017, BOXABL has raised over $230 million from more than 50,000 investors. The North Las Vegas-based company is dedicated
to transforming the housing industry through innovative technology and design, with a mission of making housing affordable at mass-production
scale. BOXABL’s flagship product, the Casita, is a 361-square-foot studio unit with a full kitchen, bathroom and utilities that
unfold on-site in under an hour. The company is also developing stackable and connectable modules designed to form townhomes, multifamily
units and larger single-family homes. BOXABL began trading on the Nasdaq Stock Market under the ticker symbol “BXBL” on July
20, 2026, following the completion of its business combination with FG Merger II Corp.
Forward-Looking
Statements
This
communication includes “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements
may be identified by the use of words such as “plan,” “project,” “will,” “estimate,”
“intend,” “expect,” “believe,” “target,” “continue,” “could,”
“may,” “might,” “possible,” “potential,” “predict,” or similar expressions
that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include,
among others, statements regarding BOXABL’s board and governance structure, its financial reporting infrastructure, and its ability
to execute on its growth strategy as a public company. These statements are based on current expectations and projections about future
events and are provided for illustrative purposes only; they are not guarantees, assurances, or definitive statements of fact or probability.
Actual events and circumstances are difficult or impossible to predict and will differ from assumptions, many of which are beyond BOXABL’s
control. BOXABL undertakes no obligation to update or revise these statements, except as required by law.
For
further information about the Company, please visit www.boxabl.com.
SOURCE
BOXABL Inc.
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