Source document
Sections in this filing
Market for Equity / Stockholders
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Resignation of Chief Executive Officer On September 8, 2026, StablecoinX Inc. (the “Company”) announced that Edward Chen will resign from his position as Chief Executive Officer of the Company, effective September 8, 2026. Mr. Chen will continue to serve as Chairman of the Board of Directors of the Company (the “Board”). In connection with his resignation, Mr. Chen also resigned as a member of the Investment Committee of the Board (the “Investment Committee”). Mr. Chen’s resignation as Chief Executive Officer was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices. Appointment of Chief Executive Officer On September 8, 2026, the Company announced that the Board has appointed Christopher Jensen as Chief Executive Officer of the Company, effective September 8, 2026. In connection with his appointment, Mr. Jensen was also appointed as a member of the Board and as a member of the Investment Committee. Mr. Jensen, age 47, brings two decades of experience as an institutional investor and capital allocator, with a focus on blockchain and digital assets since 2018. Mr. Jensen spent over eleven years at Franklin Templeton, a leading global asset manager, most recently as Senior Vice President, Portfolio Manager, and Director of Digital Asset Research. Before joining Franklin Templeton in 2015, he was a Principal at SLR Capital Partners, a New York-based alternative asset manager focused on cash flow and asset-based lending and specialty finance. Mr. Jensen holds a Bachelor of Arts in Philosophy from Princeton University, an MBA from the Yale School of Management and a Certificate in Data Science from Stanford University. Compensatory Arrangements of Executive Officers In connection with his appointment as Chief Executive Officer, the Company entered into an employment agreement with Mr. Jensen (the “CEO Agreement”). The CEO Agreement provides that Mr. Jensen will receive: (i) annualized base salary of $450,000; (ii) an annual performance-based discretionary bonus with a target of 150% and a maximum of 200% of his base salary, with the 2026 bonus guaranteed at no less than a prorated target amount; and (iii) subject to Board approval, certai