American Fusion Appoints Brent Nelson as CEO, Richard Hawkins to CAO

On October 26, 2026, American Fusion, Inc. announced a change in executive leadership. The Board of Directors approved a transition effective immediately, resulting in the appointment of Brent Nelson as Chief Executive Officer and the elevation of Richard C. Hawkins to Chief Administrative Officer.

Brent Nelson, who has served as Executive Chairman of the Board since March 1, 2026, will continue in that capacity. The Board selected Mr. Nelson to succeed Mr. Hawkins based on his experience in technology development, corporate strategy, financing, and management. Mr. Nelson, age 65, is a technology entrepreneur with over 30 years of experience in energy, aerospace, healthcare, and advanced technology. His background includes serving as founder, Chairman, and CEO of Kepler Aerospace, as well as leadership roles with American Fusion and American EcoFuels. He is also affiliated with Quantum Investment Fund I and Earth Sciences Fund I.

Richard C. Hawkins ceased serving as Chief Executive Officer and Corporate Secretary on October 26, 2026. Mr. Hawkins was appointed Chief Administrative Officer, subject to his acceptance, and will continue to provide strategic corporate, financial, and capital markets services to the Company on a non-exclusive basis under a Consulting Services Agreement dated January 1, 2025. The Board also appointed Michael G. Smith, age 66, to succeed Mr. Hawkins as Corporate Secretary.

Mr. Nelson provides services to the Company under a Consulting Services Agreement dated March 1, 2026. Under this agreement, he receives compensation of $15,000 per month. The term of the agreement is for six months and automatically renews for successive six-month periods unless either party provides written notice of non-renewal at least thirty days prior to expiration. The Company may award additional compensation or bonuses at its discretion. The filing notes that the Consulting Agreement was not entered into or amended in connection with Mr. Nelson’s appointment as CEO and remains in effect.

Regarding compensation for the CEO role, the filing states that as of the date of the report, the Company has not entered into any material plan, contract, or arrangement with Mr. Nelson in connection with his appointment. The terms of any such arrangement have not yet been determined, and the Company will file an amendment to this report within four business days after those terms are determined.