My Size stock faces leadership change and 433,151-euro payment

My Size approved the removal of Chief Growth Officer Borja Cembrero Saralegui effective October 31, 2026, according to an October 26 filing reviewed by StockTitan. The decision was approved by the board on October 22 and also ended Cembrero's role as executive director of subsidiary Naiz Bespoke Technologies, S.L.

Payment terms set through 2027

My Size and Naiz jointly acknowledged 433,150.68 euros payable under a separation agreement. The amount includes 228,493.15 euros in severance, 18,904.11 euros in lieu of notice, 5,753.42 euros for accrued vacation and 180,000 euros for a two-year non-competition covenant.

The agreement schedules 125,000 euros in cash installments from November 2026 through August 2027. The remaining 308,150.68 euros is subject to a payment plan; without an agreement, that balance becomes due on August 18, 2027. Late amounts accrue interest at the applicable Spanish statutory rate, while a payment default accelerates the outstanding balance.

Corporate details

The filing states that the removal was not caused by a disagreement over the company's operations, policies or practices. My Size said a final settlement agreement will follow payment in full.

My Size develops digital sizing and fit solutions for online clothing shoppers and retailers, according to its investor information.