According to a report from ChainCatcher, according to an 8-K filing submitted to the SEC, Jolie Kahn resigned as CEO of AVAX One Technology (AVX, Nasdaq-listed) on July 3. COO Pete Wylie was appointed as interim CEO. The company stated that the departure was mutually agreed upon, and there were no operational, policy, or substantive disputes. Under the separation agreement, Kahn will receive $160k in cash severance and $250k in common stock. The board has hired global executive search firm ZRG Partners to find a permanent successor. This leadership change comes as AVAX One faces Nasdaq compliance pressure; the company previously received a notice that its stock price had fallen below the $1 minimum requirement. Shareholders approved a 1-for-12 reverse stock split on May 29, which took effect on June 15.