CDT Equity names James Bligh CEO, Andrew Regan resigns

CDT Equity Inc. appointed James Bligh as Chief Executive Officer effective August 31, 2026, according to an 8-K filed with the SEC. Alongside the CEO role, Bligh will keep his seat on the Board of Directors and continue serving as Chief Financial Officer until a successor is named.¹

Under his new employment agreement, Bligh is set to earn a base salary of $600,000 annually, with the chance to collect a cash bonus targeted at 50% of that salary depending on how he and the company perform against goals the Board sets.¹ The agreement can be ended by either side with 12 months' written notice and is governed by Cayman Islands law.¹

The same filing disclosed that on August 31, 2026, Dr. Andrew Regan told the Board he was stepping down immediately from both his board seat and the CEO post.¹ The company said Regan's departure did not stem from any dispute with the company over its operations, policies, or practices.¹ CDT Equity will pay Regan severance of $50,000 per month for six months.¹ The Board shrank from five members to four as a result.¹

The 8-K also reported results from the company's August 28, 2026 annual meeting. Shareholders reelected five director nominees, including both Bligh and Regan, to serve until the 2027 annual meeting.¹ Investors also ratified Carr, Riggs & Ingram, L.L.C. as the company's auditor for fiscal 2026¹, approved potential reverse stock splits ranging from 1-for-2 up to a combined maximum of 1-for-500¹, and cleared share issuances tied to a senior secured convertible note and warrant held by J.J. Astor & Co.¹, as well as up to 12,131,770 shares issuable under related pre-funded warrants.¹