KULR Technology Group Inc. (NYSE: KULR) announced that Chief Financial Officer Shawn Canter resigned from his position effective May 22, 2026, according to a company statement.

The company entered into a separation agreement with Canter on May 21, 2026, which terminates his employment with KULR Technology Corporation, a wholly owned subsidiary of KULR Technology Group. Canter also resigned from all other appointments and positions with the company and its affiliated entities.

The separation agreement includes mutual release of claims between Canter and the company. The agreement becomes effective May 29, 2026, provided Canter does not revoke it before that date.

Under the agreement terms, KULR will pay Canter accrued unpaid salary and unused paid time off through the separation date, subject to payroll withholdings. The company will also reimburse documented business expenses incurred through the separation date.

Canter agreed to cooperate with the company on HR-related exit documentation and any claims or matters arising during his employment period. In exchange, KULR will pay him $300 per hour for cooperation time plus reimbursement of reasonable expenses.

The company has not announced Canter's replacement or interim CFO arrangements.