Company: SLNH
Filing Date: 2025-08-08
Form Type: 8-K
Source: 0001641172-25-022807
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Company: Soluna Holdings, Inc
Filing Date: 2025-08-08
Form: 8-K
Item: Item 5.02
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Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.

(b)
Resignation of Officer

On
August 5, 2025, John Tunison notified Soluna Holdings, Inc. (the “ Company”) that, effective August 21, 2025, he will resign
from his position as Chief Financial Officer (“ CFO”) and Treasurer of the Company. Mr. Tunison’s decision to resign
was not a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.

(c)
Appointment of Officer

In
connection with Mr. Tunison’s resignation, on August 8, 2025, David C. Michaels, a member of the Company’s Board of Directors
(the “ Board”), was appointed as the Company’s interim CFO and Treasurer, effective August 21, 2025. The Company has
commenced a search for a permanent CFO and Treasurer.

Mr.
Michaels, age 70, has served as a member of the Board since August 2013, as the Company’s Lead Independent Director from June 2016
until April 2023, as the Chairman of the Company’s Audit Committee from 2013 to 2023, and as the Chairman of the Board from January
2017 to January 2022. Mr. Michaels also served as the Company’s interim CFO from April 24, 2023 until his resignation from such
position on April 8, 2024, upon the appointment of Mr. Tunison as the Company’s CFO. Mr. Michaels served as the CFO of the American
Institute for Economic Research, Inc., an internationally-recognized economics research and education organization, from October 2008
until his retirement in May 2018. Prior to that, Mr. Michaels served as CFO at Starfire Systems, Inc. from December 2006 to September
2008. Mr. Michaels worked at Albany International Corp. from March 1987 to December 2006 as Vice President, Treasury and Tax, and Chief
Risk Officer. Mr. Michaels also worked at Veeco Instruments from May 1979 to March 1987 in various roles including Controller and Tax
Manager. Mr. Michaels is the Chairman of the board of directors and Chair of the Audit Committee of Iverson Genetic Diagnostics, Inc.
Mr. Michaels has a B. S. with dual majors in