Leadership & Pay ·
Nocopi COO Terry Stovold resigns effective October 1, 2026; Board seeks replacement
NNUPNocopi Technologies Inc
Nocopi Technologies announced that Chief Operating Officer Terry Stovold resigned effective October 1, 2026. He will remain employed in a limited transitional capacity through July 1, 2029, receiving $8,000 per month and benefits, with a $90,000 lump-sum payment contingent on executing a release of claims upon completion or non-Cause termination. His post-employment restrictive covenants are extended to July 1, 2031. The Board intends to fill the vacancy but has not appointed a successor. Nocopi Technologies operates in the technology sector, specializing in data storage solutions.