Leadership & Pay ·
Cycurion appoints J. Derek Penn to Board and Audit Committee after Peter Ginsberg loses independence
CYCUCycurion, Inc.
On October 20, 2026, Cycurion appointed J. Derek Penn as an independent director to fill a vacancy, assigning him to the Audit, Compensation, and Nominating committees. Concurrently, board member Peter R. Ginsberg stepped down from these three committees because his role as outside counsel for the company rendered him ineligible under independence rules. The filing attributes this change to an administrative oversight regarding related-party transaction monitoring. Penn brings extensive financial services experience from roles at BNY Mellon, Fidelity, and Lehman Brothers. Cycurion operates in the cybersecurity industry.