ZTEST Electronics CEO Steve Smith resigns, Stephen Harpur joins board

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Summary · why it matters

ZTEST Electronics Inc. announced that Steve Smith has resigned as President and CEO and as a director, effective June 17, 2026. Stephen Harpur has been appointed to the Board of Directors to fill the vacancy, and David Barnett has been named Chair of the Board. The Board has begun a leadership succession process, while Permatech Electronics Corporation, the Company's operating subsidiary, continues day-to-day operations under its President Suren Jeyanayagam. Smith's departure follows succession discussions and is not due to any disagreement; under a separation agreement, he will receive $150,000 immediately and $110,000 over nine months.

Impact on assets 1

Cloud & Digital Infrastructure▼ · 1 stocks
ZTE Corp-H
0763
▼ NegativeCapitalrelevance

CEO resignation and leadership uncertainty, with severance costs

Off-coverage companies 2

ZTEST Electronics Inc.Private▼ Negative
Capitalrelevance

CEO resignation and separation agreement costs ($260k) signal leadership instability and financial outlay.

Permatech Electronics CorporationPrivate± Mixed
relevance

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