AVAX One CFO Resigns; Controller Promoted to Chief Accounting Officer
AVX is trading near its 52-week low of $2.81 (4.6% above the low).
Summary
AVAX One Technology announced the resignation of CFO Chris Polimeni and the promotion of Stephanie Brady to Chief Accounting Officer, effective August 17 and 19, 2026, respectively.
Key Events · Executive and Board Changes · AVX
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CFO Resignation
Chris Polimeni resigned as CFO effective August 17, 2026, and will remain as a financial consultant through December 31, 2026. No disagreement with the company was reported.
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New Chief Accounting Officer
Stephanie Brady, previously Corporate Controller, was appointed Chief Accounting Officer and primary financial officer on August 19, 2026. She will receive $20,000 per month plus milestone-based incentives.
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Interim CEO Support
Interim CEO Peter Wylie Jr., who has prior CFO experience, will support the finance organization during the transition while the board continues its search for a permanent CEO.
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Financial Context
The leadership change follows a $35.1 million Q2 net loss and a debt restructuring that reduced principal by $6.8 million, underscoring the importance of stable financial oversight.
Analysis · AVX · Crypto Assets
CFO Chris Polimeni resigned effective August 17, 2026, and Stephanie Brady, the company's controller, was promoted to Chief Accounting Officer. The transition comes amid a $35.1 million Q2 net loss and a recent debt restructuring, making financial leadership stability critical. Polimeni will remain as a consultant through year-end, and interim CEO Peter Wylie Jr. will support the finance team during the search for a permanent CEO.
How filings like this one have moved
In the 30 days to Aug 23, 2026, 29.5% of the 2875 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.02%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AVX was trading at $2.94 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $21.7M. The 52-week trading range was $2.81 to $107.88. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.