Rank One Computing Corporation (ROC) announced the appointment of Dr. Anil K. Jain to its Board of Directors, effective October 5, 2026. The appointment fills a vacancy created by an increase in the Board's size from eight to nine directors. The Board determined that Dr. Jain qualifies as an independent director under Nasdaq Rule 5605(a)(2).
Dr. Jain, age 78, has served as a University Distinguished Professor and Douglas E. Zongker Endowed Professor in the Department of Computer Science and Engineering at Michigan State University since 1974. Prior to his appointment, he served as an Amazon Scholar (20% appointment) from March 2021 through August 2026. He is a member of the U.S. National Academy of Engineering and has served on the Defense Science Board and the Forensic Science Standards Board.
In connection with his role as a director, Dr. Jain will receive an annual equity retainer of $50,000 in the form of restricted stock units granted under the Company’s 2026 Equity Incentive Plan, with the first grant scheduled for December 1, 2026. He will also receive an annual cash retainer of $12,500, each prorated for the portion of the fiscal year remaining as of October 5, 2026.
Additionally, since September 1, 2026, Dr. Jain has provided technical advisory services to the Company under an Advisor Agreement. Under this agreement, he receives an advisory fee of $30,000 per year, payable quarterly in arrears, and reimbursement of pre-approved expenses. The Advisor Agreement has an initial one-year term that renews automatically for successive one-year terms and may be terminated by either party with 30 days' notice.
The Board noted that Dr. Jain does not currently serve, and has not served during the past five years, as a director of any other public company. He holds a B.Tech in Electrical Engineering from the Indian Institute of Technology, Kanpur, and an M.S. and Ph.D. in Electrical Engineering from The Ohio State University.
