Tessera Defense & Homeland Security Inc. [HLSQ] - Tessera Defense & Homeland Security appoints Michael Oster as CEO
Michael Oster was appointed Chief Executive Officer of Tessera Defense & Homeland Security Inc. effective March 4, 2026, and on October 7, 2026, he entered into an employment agreement entitling him to a monthly salary of NIS 55,000 (approximately $18,000) and a potential annual performance-based cash bonus of up to 50% of his salary.
Why this matters
Tessera Defense & Homeland Security Inc., formerly known as BiomX Inc., is a physical security technology company that provides integrated security solutions combining detection, intelligence, and response capabilities for complex security environments. The company recently appointed Michael Oster as its Chief Executive Officer, effective March 4, 2026. This appointment was formalized through an employment agreement on October 7, 2026, which includes a monthly salary of NIS 55,000 (approximately $18,000) and a potential annual performance-based cash bonus of up to 50% of his salary. Oster's compensation package also includes options and restricted stock units tied to the company's EBITDA per share performance, subject to corporate and stockholder approvals.