Fort Technology announces board resignation and two new appointments

Fort Technology Inc. (NASDAQ: FRTT) announced changes to its board of directors and audit committee, effective July 16, 2026.

Tamir Fayerman resigned from the board and all committees, including his role as chairman of the audit committee, citing personal reasons. The company stated his departure was not related to any disagreement over operations, policies, or practices.

The board appointed existing board member Asaf Itzhaik to serve as a member and chairman of the audit committee. The board determined that Itzhaik qualifies as financially literate and meets independence requirements under National Instrument 52-110, applicable Nasdaq Stock Market rules, and Rule 10A-3 under the Securities Exchange Act of 1934.

The board also appointed Ohad Melnik-Marom as a new board member. He will serve until the next annual meeting of shareholders or until a successor is elected or appointed. Melnik-Marom, 56, currently works as an independent advisor specializing in web payment methods. From 2019 to 2024, he served as a director of Formula Systems (1985) Ltd. (NASDAQ and TASE: FORTY). From 2004 to 2017, he was manager of the payment methods department at iFOREX International Group. He holds an M.B.A. and a B.A. in Business Administration from the College of Management Academic Studies in Israel, and an M.S. from Baruch College, City University of New York.

Fort Technology manufactures and sells products for the pest control and remedial repair industries through its subsidiary, Fort Products Limited, which has operated since 2005.

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