KULR adds two board directors

KULR Technology Group said Tuesday it added Microsoft executive Ben Frank and pricing specialist Dr. Mike Kimel to its board, effective immediately. (sec.gov) The company said Frank is Microsoft’s Director of Workforce AI Solution Engineering and Kimel is founder and chief executive of Pricimetrics, a pricing and analytics firm. (sec.gov) KULR said it also streamlined its board to three members, including two majority independent directors, as part of a 2026 plan to reduce selling, general and administrative expenses. (sec.gov) The company is also adding a special advisor to roll out what it called an Operating Discipline Framework. KULR said that effort will focus on pricing discipline, capital allocation, cost controls and operating cadence. (sec.gov) Chief executive Michael Mo said Frank and Kimel fill “critical gaps” in commercial, pricing and operational discipline as KULR tries to scale. He said their backgrounds align with the company’s focus on margin expansion, disciplined growth and more efficient execution. (sec.gov) The board reset lands a month after KULR reported that fourth-quarter 2025 revenue fell 15% to $2.86 million, while quarterly SG&A jumped 77% to $7.86 million. (sec.gov) For the full year, KULR said 2025 revenue rose 51% to $16.17 million, but SG&A climbed to $27.70 million from $15.98 million in 2024. (sec.gov) KULR described itself as an energy-systems platform company serving space and defense programs, hyperscale artificial intelligence data centers and telecom infrastructure manufacturers. Frank’s background is in enterprise AI and industrial go-to-market work, while Kimel’s is in pricing and profitability. (sec.gov) The company had expanded its board to five directors in June 2025, when it appointed Shawn Canter and Aron Schwartz. Tuesday’s move reverses that structure and ties governance more tightly to a cost-cutting push. (sec.gov 1) (sec.gov 2) KULR’s message was straightforward: bring in AI sales and pricing expertise, shrink the board, and try to turn revenue growth into better margins in 2026. (sec.gov)