BMTM · Bright Mountain Media, Inc.

The departure of CFO Ethan Rudin effective April 30, 2026, triggers an interim leadership transition with CEO Matt Drinkwater assuming principal financial and accounting officer duties until the next 10-Q, signaling short-term continuity amid the search for a permanent replacement. The swift appointment of Mr. Olgun as new CFO on May 1, 2026, brings experienced public company finance leadership, including prior CFO role at Loop Media, Inc. and consulting at Eventbrite, Inc., plus CPA credentials. Compensation is competitive with $335,000 base, 50% bonus potential, and significant equity incentives via 1M stock options at a low $0.004 strike, aligning interests with shareholders through four-year vesting. Severance protections mirror Rudin's, with added one-year non-compete, reducing near-term execution risk for investors.