Powerus Corporation announced on October 17, 2026, that it has entered into an employment agreement with Leah Lunger to serve as the company's Chief Accounting Officer. Ms. Lunger is expected to begin her role on November 16, 2026.
Ms. Lunger, age 36, joins Powerus from Lunger Consulting LLC, where she has provided public company financial consulting services since April 2026. Prior to this, she held several leadership roles at Red Cat Holdings, Inc., including Chief Financial Officer from 2024 to 2025, Vice President of Finance from 2023 to 2024, and Corporate Controller from 2020 to 2023. She also previously served as Controller of Fat Shark Holdings from 2017 to 2020. Ms. Lunger is a Certified Public Accountant and holds a B.S. degree in Public Accountancy and a B.A. degree in French from Calvin College.
Under the terms of the employment agreement, Ms. Lunger will receive an initial base salary of $235,000. She will be eligible for target annual incentive awards under the company's bonus program and will participate in standard employee benefit plans. In connection with her hiring, she will receive a grant of 150,000 non-qualified stock options and 50,000 restricted stock units. These equity awards will vest in quarterly increments over a four-year period beginning three months after her start date. If her employment is terminated without cause, she will be entitled to severance equal to three months of base salary.
The company stated that Ms. Lunger has no family relationships with any of its directors or executive officers and is not a party to any transactions requiring disclosure under Item 404(a) of Regulation S-K.
