On March 19, 2026, CID HoldCo, Inc. announced the resignation of Dr. Sheldon Paul from its Board of Directors and the Cybersecurity and Technology Committee, effective immediately. Dr. Paul was one of two directors whose terms were set to expire at the upcoming annual meeting of stockholders scheduled for April 30, 2026. His nomination for re-election was under consideration at the time of his resignation. The Board's Nominating and Corporate Governance Committee will initiate a search for a new independent director to fill the vacancy left by Dr. Paul's departure following the annual meeting. This change in leadership may impact the company's governance structure and strategic direction, but it is not expected to have a significant immediate effect on the company's operations or stock price. The company continues to operate under its established governance framework, and the search for a new director is a standard procedure following such resignations.

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