XML 73 R25.htm IDEA: XBRL DOCUMENT v3.25.3
SUBSEQUENT EVENTS
12 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 - SUBSEQUENT EVENTS

 

On December 8, 2025, Anna Seacat was appointed to our Board. The Board considers Ms. Seacat to be “independent” under the independent director requirements of the Nasdaq Stock Market LLC.

 

On December 9, 2025, Deborah MacConnel, a current Member of the Board of Directors (“Board”) of SideChannel, Inc., (the “Company”), and the Chairwoman of the Board informed the Company of her upcoming retirement from the Board of Directors.

 

Ms. MacConnel will remain a member of the Board and the Chairwoman until the Company’s next Annual Stockholders Meeting (“Annual Meeting”), at which time Ms. MacConnel will not stand for re-election as a Member of the Board.

 

Ms. MacConnel’s departure is not the result of any disagreement with the Company’s management, the Company’s Board or the Company on any matter related to its operations, policies or practices.

 

In recognition of Ms. MacConnel’s tenure and contributions to the Company during her service as a member of the Board, the Company will provide her with the vesting of 333,667 restricted stock units (“RSUs”), which were awarded to her on December 23, 2024, and are scheduled to vest on March 1, 2026. The remaining 333,667 RSUs from the December 23, 2024, award will be forfeited by Ms. MacConnel.

 

The Company has evaluated events through December 18, 2025, the filing date of this Annual Report on Form 10-K and determined that there have been no additional subsequent events that occurred that would require adjustments to our disclosures in the consolidated financial statements.