Departure and appointment · 30 September 2026
OpenWorld, Inc.
VRME · Listed
Key facts
- How the CEO left
- Resignation
- Planned or abrupt
- Planned
- Successor
- Not stated
- Outgoing CEO stays as
- Leaves the company
- Signs it was forced
- None stated
- Other news alongside
- Merger or acquisition
- Effective
- 30 September 2026
- Reason given
- Closing of the Merger
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
Immediately after closing of the Merger, Adam Stedham, resigned as our President and Chief Executive Officer and principal executive officer and was appointed by the Combined Company as President of Precision Logistics, and Jennifer Cola resigned as our principal accounting officer and continued as our Chief Financial Officer and principal financial officer.
Each of Mr. Greenberg, Mr. Chopra, Mr. Rossiter, and Ms. Schutz may be eligible to receive additional or changed compensation in respect of their service as directors of the Combined Company, including under any future director compensation agreements. 6 Appointment of Executive Officers On September 30, 2026, the Board appointed Matthew Shaw as our Chief Executive Officer and principal executive officer, Russel McMeekin as our Global Corporate President, and Gerard Hernandez as our Chief Accounting Officer and principal accounting officer.
Sentences matched by our CEO change rules, from the first filing. Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 30 September 2026 at 16:38 New York time, after the market closed, so day 0 is the next trading day, 1 October 2026. Day 0 is marked by the vertical line.
| Window | VRME | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | −27.8% | +0.9% | −30.2% |
| Days 0 to +3 | −17.1% | +2.2% | −18.2% |
| 1 month (days 0 to +21)so far, 19 of 22 days | −80.1% | +0.9% | −148.3% |
| 3 months (days 0 to +63)so far, 19 of 64 days | −80.1% | +0.9% | −148.3% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 2.09) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
No matching headlines found. Coverage is thinner for smaller companies.