My Size Ousts Chief Growth Officer, Owes Him ~$487K It Can't Easily Pay
MYSZ is trading near its 52-week low of $0.931 (1.0% above the low) on light trading volume (0.1× avg).
Summary
My Size removed Chief Growth Officer Borja Cembrero and agreed to pay him €433,150.68 (~$486,813), more than the $453K cash it reported last quarter — with only €125,000 on a cash schedule and no release of claims.
Key Events · Executive and Board Changes · MYSZ
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Chief Growth Officer Removed
The board approved the removal of Borja Cembrero Saralegui as Chief Growth Officer effective October 31, 2026; subsidiary Naiz separately removed him as Executive Director the same date. The company states the removal was not due to any disagreement.
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~$487K Separation Obligation
Company and Naiz jointly acknowledged €433,150.68 (approximately $486,813) payable to Cembrero: €228,493.15 severance, €18,904.11 notice pay, €5,753.42 vacation, and €180,000 for a two-year non-compete.
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Payment Schedule Mostly Unresolved
Only €125,000 is scheduled in cash, monthly from November 2026 through August 2027. The remaining €308,150.68 has no agreed plan and becomes due August 18, 2027; missed payments accrue Spanish statutory interest and trigger acceleration of all amounts.
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No Release of Claims
The Separation Agreement does not include a release of claims; the parties will enter a final settlement agreement only after full payment.
Analysis · MYSZ · Technology
My Size has removed its Chief Growth Officer and agreed to pay him €433,150.68 (~$486,813) — a sum larger than the $453K cash the company reported on its last 10-Q, filed alongside a going-concern warning. Only €125,000 is scheduled in cash, monthly through August 2027; the remaining €308,150.68 has no agreed payment plan and becomes due August 18, 2027, with any default accelerating the whole balance. Notably, the agreement explicitly does not release claims, leaving open the possibility of further dispute. For a company already flagged for failing Nasdaq's $2.5M stockholders' equity requirement, adding a ~$487K obligation — potentially payable in equity of a group entity — is a real balance-sheet and dilution risk, not just a personnel change.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. 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, MYSZ was trading at $0.94 on NASDAQ in the Technology sector, with a market capitalization of approximately $825.7K. The 52-week trading range was $0.93 to $9.96. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.