BOXABL Inc. has announced a leadership change in its finance department, effective September 11, 2026. The company concluded the employment of Martin Costas as Chief Financial Officer (CFO) as of that date. The filing states that Mr. Costas’s departure was not due to any disagreements regarding the company’s operations, policies, or practices.
Effective September 14, 2026, the Board of Directors appointed Larry King to serve as the new CFO, as well as the company’s principal financial officer and principal accounting officer. Mr. King, age 65, is a Certified Public Accountant with over 35 years of experience in finance and operations across the gaming, manufacturing, hospitality, and healthcare sectors. He has served as an independent consultant since 2024 and previously held the role of Chief Operating Officer at Center Point Bio-Tech from 2023 to 2024. Earlier in his career, Mr. King was the CFO of Chukchansi Gold Resort & Casino and Riviera Holdings Corporation, and he led accounting integration for the $960 million acquisition of Aztar Corporation while serving as Corporate Vice President of Accounting for Tropicana Entertainment.
In connection with his appointment, Mr. King entered into an offer letter dated September 14, 2026, which includes an annual salary of $300,000 and participation in the 2026 Omnibus Plan. Exhibit 10.1 contains the full text of this agreement.
Separately, the company announced the appointment of Heather Clayton as Chief Accounting Officer (CAO), effective September 28, 2026. Ms. Clayton brings six years of experience with the Vegas Golden Knights, where she advanced from Controller to Vice President of Finance and Accounting and finally to CFO. During her tenure, she helped scale the organization’s accounting function from two entities to thirteen and oversaw financial operations for all Knights-related venues and five partnering foundations. Her most recent role was as CFO of ASTOUND Group.
Ms. Clayton’s offer letter, dated September 4, 2026, provides for an annual salary of $250,000 and participation in the 2026 Omnibus Plan. Exhibit 10.2 contains the full text of this agreement.
