Core Points - PhoneX Holdings, Inc. has appointed Vijay Ganapathy to the Board of Directors, effective November 20, 2025, succeeding Scott Tepfer who has resigned [1][2] - The company has adopted a Long-Term Cash Bonus Incentive Plan aimed at aligning employee incentives with long-term shareholder value creation [3][4] - The Plan allows for cash bonus payments contingent upon achieving measurable value-creation events, such as major corporate transactions and shareholder distributions [4][5] - Cash bonus awards under the Plan represent approximately 5% of Total Distributions at lower transaction thresholds, increasing to up to 15% for extraordinary outcomes [6] Company Overview - PhoneX Holdings, Inc. operates in the technology sector, focusing on the global wholesale trade of pre-owned mobile devices through its SaaS platform [7]