On September 24, 2026, La Rosa Holdings Corp. announced changes to its Board of Directors. The Board accepted the resignation of Jaime Cosculluela, who stepped down as a director effective the same date. The filing states that Mr. Cosculluela resigned for personal reasons, noting there was no disagreement between him and the Company, its management, or the Board.
Immediately following Mr. Cosculluela's resignation, the Board appointed Marc Urbach to fill the vacancy. Mr. Urbach was recommended by the Company's Nominating and Corporate Governance Committee. The Company has determined that Mr. Urbach qualifies as an independent director under Nasdaq Rule 5605(a)(2) and the Securities Exchange Act of 1934.
Marc Urbach, age 53, is the owner and Chief Executive Officer of Doorstep Delivery Logistics LLC. His professional background includes serving as a finance lead at Chardan Capital Markets since January 2017. Previously, he served as the President and CFO of Ideanomics, Inc. (formerly YOU On Demand Holdings, Inc.). Currently, Mr. Urbach serves as a director and Audit Committee Chair for Freight Technologies, Inc. (Nasdaq: FRGT) and Aero Velocity Inc., and as Managing Director of Footprint Logistics.
In connection with his appointment, the Company entered into a Board of Directors Agreement with Mr. Urbach. Under this agreement, he is set to receive a quarterly base fee of $12,000 and a quarterly chair fee of $3,000. The agreement also includes standard provisions regarding indemnification, confidentiality, and proprietary information.
