WAVS Western Acquisition Ventures Corp. - 8-K

Item 5.02. Departure of Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Agreements of Certain Officers.

Departure of Chief Financial Officer

On May 28, 2026, Cycurion, Inc. (the “Company”) announced that Alvin McCoy III, the Company’s Chief Financial Officer, will step down from his position effective May 31, 2026. Following his departure as Chief Financial Officer, Mr. McCoy will transition into a strategic advisory role focused on supporting the Company’s growth initiatives, including strategic expansion and mergers and acquisitions activities. The Company thanks Mr. McCoy for his service and valuable contributions to the Company.

Appointment of Chief Financial Officer

On May 28, 2026, the Company also announced the appointment of Ana Garcia as its new Chief Financial Officer, effective June 1, 2026.

Ms. Garcia, age 58, brings more than 20 years of senior finance leadership experience across public and private technology companies, including businesses in financial services, tech-enabled services and subscription software. Most recently, she served as Vice President of Finance and Interim Chief Financial Officer at KLDiscovery, a global provider of electronic discovery, information governance, and data recovery services. Earlier in her career, she held senior finance positions at Edelman Financial Services (now Edelman Financial Engines), MicroStrategy (now Strategy Inc.), Spacenet, Inc. (now SageNet), and Savvis (now Lumen Technologies), where she built high-performing financial planning and analysis teams, led board-level reporting, and supported M&A execution and post-merger integration.

In connection with her appointment, the Company entered into an offer letter with Ms. Garcia dated May 21, 2026 (the “Offer Letter”). Pursuant to the Offer Letter, Ms. Garcia will receive an annual base salary of $300,000. Ms. Garcia will be eligible for an annual bonus of up to 50% of her base salary, based on individual and Company performance metrics established by the Chief Executive Officer. Any bonus for 2026 will be pro rated based on her start date and, if earned, paid following completion of the Company’s audited financial statements for the year.

She will also be eligible to receive a one-time restricted stock unit award with a target value of $300,000, subject to board approval and vesting over three years, and to participate in the Company’s annual executive equity program.

If Ms. Garcia’s employment is terminated by the Company without “Cause,” she will be entitled to six months of base salary, a pro rata portion of any earned bonus, and Company-paid COBRA premiums for up to six months, subject to a release of claims. She will also be eligible to participate in the Company’s benefit plans, and her employment will be at-will.

There are no arrangements or understandings between Ms. Garcia and any other person pursuant to which she was appointed as Chief Financial Officer, and there are no family relationships between Ms. Garcia and any director or executive officer of the Company.

The foregoing summary of the Offer Letter is qualified in its entirety by reference to the full text of the Offer Letter, which is filed as Exhibit 10.1 to this Current Report on Form 8‑K and incorporated herein by reference.

Item 7.01 Regulation FD Disclosure.

On May 28, 2026, the Company issued a press release announcing the Chief Financial Officer transition described above. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8‑K.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section.

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Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

Exhibit No.

Description

10.1

Offer Letter, dated May 21, 2026, by and between the Company and Ana Garcia

99.1

Press Release dated May 28, 2026

104

Inline XBRL for the cover page of this Current Report on Form 8-K

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