Management ChangeMay 22, 2026, 05:27 PM
BluSky AI Appoints Theodore P. Botts to Board
AI Summary
BluSky AI Inc. announced the appointment of Theodore P. Botts to its Board of Directors, effective May 19, 2026, to fill a vacancy. Mr. Botts brings over 40 years of experience in investment banking and finance, having worked at firms like Goldman Sachs and UBS, and currently chairs the Audit Committee of Remark Holdings. In connection with his appointment, Mr. Botts will receive an annual fee of $75,000, payable quarterly in company common stock valued at $3.65 per share, along with an indemnification agreement. The company also extended the same compensation and indemnification terms to Whitney Cluff, an existing independent director.
Key Highlights
- BluSky AI appointed Theodore P. Botts to its Board of Directors on May 19, 2026.
- Mr. Botts brings over 40 years of experience in investment banking and finance.
- He currently chairs the Audit Committee of Remark Holdings, an AI solutions company.
- Mr. Botts will receive an annual fee of $75,000, payable quarterly in common stock.
- The common stock for compensation is valued at $3.65 per share.
- The company also entered into a Director Agreement and Indemnification Agreement with Mr. Botts.
- Existing independent director Whitney Cluff will also receive an annual fee of $75,000, payable quarterly in common stock.
- Whitney Cluff's compensation is also based on a common stock valuation of $3.65 per share, with an indemnification agreement.
Price Impact
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