My Size stock faces officer exit and EUR433,151 obligation

My Size, Inc. approved the removal of Chief Growth Officer Borja Cembrero Saralegui effective October 31, 2026, according to an October 26 Form 8-K filing. The board approved the separation terms on October 22, 2026.

The filing says Cembrero was also removed as executive director of subsidiary Naiz Bespoke Technologies, effective on the same date. My Size said the removal was not the result of a disagreement over its operations, policies or practices.

Separation Terms Set Payment Schedule

My Size and Naiz jointly acknowledged EUR 433,150.68 payable to Cembrero under the separation agreement. The amount includes EUR 228,493.15 in severance, EUR 18,904.11 in lieu of notice, EUR 5,753.42 in unused vacation pay and EUR 180,000 tied to a two-year non-competition covenant.

The agreement schedules EUR 125,000 in cash installments from November 2026 through August 2027. The remaining EUR 308,150.68 is subject to a negotiated payment plan and becomes due on August 18, 2027 if no plan is agreed. Unpaid amounts accrue interest at the applicable Spanish statutory rate, while a payment default accelerates the outstanding balance.

Latest Nasdaq Quote

My Size stock traded at 0.73 US dollars on Nasdaq at 22:00 CET on Monday, November 9, in after-hours trading.