CFO Resigns; CEO Takes Interim CFO Role Amidst Prior Auditor Concerns
WAST has more than doubled off its 52-week low of $0.01 on elevated volume (6.3× avg).
Summary
WASTE ENERGY CORP. announced the resignation of its CFO, Treasurer, and Secretary, with the CEO and a director stepping into interim roles, adding to executive instability following recent auditor issues.
Key Events · Executive and Board Changes · WAST
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Chief Financial Officer Resigns
Braden Glasbergen resigned as CFO, Treasurer, and Secretary, effective June 30, 2026, citing personal reasons. The company stated his resignation was not due to any disagreement.
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CEO Appointed Interim CFO
Scott Gallagher, the current President, Chairman, and CEO, was appointed Interim Chief Financial Officer, effective July 1, 2026. He will receive no additional compensation for this role.
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Director Appointed Interim Treasurer & Secretary
W. Scott McBride, a director, was appointed Interim Treasurer and Secretary, effective July 1, 2026. He will also receive no additional compensation for these interim roles.
Analysis · WAST · Trade & Services
The resignation of the Chief Financial Officer, even for stated personal reasons, is a significant event for a micro-cap company, especially following recent disclosures regarding auditor resignation and concerns about audit evidence. This executive departure adds to the uncertainty surrounding the company's financial reporting and operational stability, with the CEO taking on additional responsibilities as interim CFO.
How filings like this one have moved
In the 30 days to Aug 26, 2026, 29.6% of the 2932 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. 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, WAST was trading at $0.03 on OTC in the Trade & Services sector, with a market capitalization of approximately $4.6M. The 52-week trading range was $0.01 to $0.07. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.