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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 11, 2026
Elauwit Connection, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-42935 | 99-3101171 | ||
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(State or other jurisdiction of incorporation)
|
(Commission File Number)
|
(IRS Employer Identification No.)
|
|
1021 Second Ave., Suite A Columbia, South Carolina |
29209 |
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| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (704) 558-3099
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| ¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| ¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, par value $0.0001 per share | ELWT | The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Effective as of June 15, 2026, the Board of Directors of Elauwit Connection, Inc. (the “Company”) appointed Nick Jones, age 47, to serve as the Chief Information Officer and Chief Operating Officer of the Company. Prior to joining the Company, Mr. Jones served as Executive Vice President and Chief Operating Officer at World Cinema, Inc. from August 2016 to June 2026. From April 2006 to August 2016, Mr. Jones served as Chief Executive Officer at NJT, Inc. Prior to this service, Mr. Jones served in various Network Engineer roles at Schlumberger, First Edge Sornson and Castle Dental between January 1998 to April 2006.
In connection with Mr. Jones’s appointment, the Company and Mr. Jones entered into an executive employment agreement, effective as of June 15, 2026, pursuant to which Mr. Jones will serve as the Company’s Chief Information Officer and Chief Operating Officer. The employment agreement will be in effect until June 15, 2029. Under the employment agreement, Mr. Jones will (i) receive an annual base salary of $300,000; (ii) be eligible to receive an annual cash bonus based on performance and achievement of Company goals and objectives as defined by the Compensation Committee; (iii) be granted a one-time sign-on award of restricted stock units under the Elauwit Connection, Inc. 2025 Stock Incentive Plan with a grant date fair value of $50,000, vesting over a one-year period subject to continued employment with the Company; and (iv) be eligible to participate in the Company’s other incentive, welfare and benefit plans made available to other senior executives. In addition, Mr. Jones is entitled to certain payments upon death, disability, a termination without Cause or a resignation by Mr. Jones for Good Reason, all as defined and set forth in detail in the employment agreement. The employment agreement includes standard restrictive covenants, including non-disclosure, non-competition and non-solicitation, and terms and conditions customarily found in similar agreements. Mr. Jones has also entered into an indemnification agreement on the same terms as the Company’s other senior executives.
There are no arrangements or understandings between Mr. Jones and any other person with respect to his appointment as Chief Information Officer and Chief Operating Officer and there are no family relationships between him and any director or executive officer of the Company. The Company has not entered into any transactions with Mr. Jones that are reportable pursuant to Item 404(a) of Regulation S-K.
In connection with this transition, Richard Alder was released from his position as Chief Operations Officer effective as of June 11, 2026. Mr. Alder is entitled to certain payments consistent with termination without cause pursuant to the terms of his executive employment agreement.
On June 17, 2026, the Company issued a press release regarding this transition, a copy of which is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press release dated June 17, 2026. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ELAUWIT CONNECTION, INC. | ||
| Date: June 17, 2026 | /s/ Barry Rubens | |
| Name: | Barry Rubens | |
| Title: | Chief Executive Officer | |
Exhibit 99.1
Elauwit Connection Appoints Nick Jones as Chief Information Officer and Chief Operating Officer
Columbia, South Carolina - (Newsfile Corp. - June 17, 2026) - Elauwit Connection, Inc. (Nasdaq: ELWT) (“Elauwit” or the “Company”), a national managed services provider of turnkey broadband and property-wide WiFi networks serving multifamily, student housing, and senior living communities, today announced the appointment of Nick Jones as Chief Information Officer and Chief Operating Officer.
“Nick brings deep experience providing managed services critical to the guest experience across a broad portfolio of hotel properties, combining entertainment, connectivity, infrastructure and management into a comprehensive platform solution,” said Dan McDonough, Executive Chairman. “His work integrating advanced technology services to create property-wide, scalable, future ready environments is a perfect corollary to Elauwit’s model.”
Jones was previously Executive Vice President and Chief Operating Officer at World Cinema, Inc., a leading managed technology, digital infrastructure and in-room entertainment provider for the hospitality, multifamily, and healthcare industries, serving more than 8,000 properties and more than 1 million rooms across more than 200 brands. He was previously Chief Executive Officer of NJT, Inc, an outsourced managed services provider, and a Network Engineer at Schlumberger, First Edge Sornson and Castle Dental.
Jones will replace Rick Alder, who served
as Chief Operations Officer through Elauwit’s initial public offering phase. Alder played an instrumental role in advancing the Company’s
strategic objectives and strengthening operations, helping Elauwit to achieve significant milestones, enhance operational performance,
and position itself for continued growth and success.
“It has been an incredible privilege to serve alongside such talented and dedicated team members,” said Alder. “I am deeply
grateful for the trust, support, and partnerships I have experienced throughout my time with Elauwit. Together, we have accomplished
remarkable things, and I believe that the organization is well-positioned for a bright and successful future.”
“I personally asked Rick to help guide Elauwit during a critical time in our lifecycle, and he accomplished that task with excellence,”
said McDonough. “He has been a valued member of our leadership team and a good friend who departs having made a lasting and profound
impact on our organization. We want to thank Rick for his tireless commitment and leadership and wish him unprecedented success in his
future endeavors.”
Under Alder’s tenure, Elauwit reported significant progress across multiple performance metrics including:
| · | Expanded to 176 sites and nearly 40,000 units in 15 months while Elauwit was going public. | |
| · | Improved company overall Google customer satisfaction significantly to 4.4 stars — an excellent data point in the world of cable companies and ISPs. | |
| · | Improved customer support “one-touch” call resolution from 70% to an astounding 87%. | |
| · | Produced a comprehensive product catalog including introduction of new retail business products at multi-purpose properties. |
About Elauwit Connection (Nasdaq: ELWT)
Elauwit is a publicly traded connectivity
MSP dedicated to rental communities, including multifamily properties, student housing, and senior living. Elauwit designs, builds,
and operates managed networks, backed by a service model that treats property teams and residents like a relationship, not an
account number.
With dependable connections, exceptional resident support, and no-upfront-cost options, Elauwit helps owners deliver premium connectivity
as a competitive advantage, supporting new revenue, resident retention and increased asset value.
Visit: www.elauwit.com
Forward-Looking Statements
This press release contains forward-looking statements, including with respect to the Company’s growth strategies and its performance as a public company. The words “believe,” “continue,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company’s ability to achieve its growth objectives, and other factors set forth in the Company’s filings with the SEC, including the Company’s annual report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026, and subsequent quarterly reports on Form 10-Q. Actual results might differ materially from those explicit or implicit in the forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.
Media Contact: Katie Hayward Vice President of Marketing sales-pr@elauwit.com
Investor Relations: Matt Kreps Darrow Associates mkreps@darrowir.com +1-214-597-8200