Peter Wylie
About Peter Wylie
Peter Wylie was appointed Chief Operating Officer on November 5, 2025. He is founder and principal of P. Wylie Advisory, with prior operating-finance leadership roles as CFO of Napster Holdings Inc. through its 2025 acquisition by Infinite Reality (now Napster Inc.), and CFO/COO of consumer lender CommonBond; he also co-founded Gradible, sold to CommonBond in 2016. He holds B.A. degrees in Journalism and English from the University of North Carolina and is a Morehead-Cain Scholar . AGRI (now AVAX One Technology Ltd.) reported Q3 2025 revenue of $525,915 and nine-month 2025 revenue of $1,251,124, providing limited performance baseline prior to his tenure start ; the company completed a strategic transition and PIPE closing contemporaneous with his appointment .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Napster Holdings Inc. | Chief Financial Officer | Through acquisition in 2025 | Led finance through sale to Infinite Reality (now Napster Inc.) |
| CommonBond (consumer lender) | CFO/COO | Not disclosed | Operational and financial leadership at a fintech consumer lender |
| Gradible (fintech) | Co-founder (sold to CommonBond) | Sold in 2016 | Built and exited a consumer fintech platform |
| P. Wylie Advisory | Founder and Principal | Not disclosed | Financial/operational advisory to startups and growth companies |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| P. Wylie Advisory | Founder and Principal | Not disclosed | Independent advisory firm; multiple exits as entrepreneur/investor |
Fixed Compensation
| Component | Amount | Effective Date | Term | Notes |
|---|---|---|---|---|
| Base consulting compensation (COO) | $300,000 | Nov 5, 2025 | 1 year | Set by executive consulting agreement; standard benefits (medical, etc.) per company policy |
| Benefits | Not quantified | Nov 5, 2025 | While engaged | Standard benefits per company policy |
Performance Compensation
Time‑Based Equity Awards
| Grant Type | Shares Granted | Grant/Effective Date | Vesting | Monthly Vest | Term/End |
|---|---|---|---|---|---|
| Restricted common shares | 61,224 | Nov 5, 2025 | 12 equal monthly installments | 5,102 shares/month | 12 months from grant |
Performance‑Based Incentives
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not disclosed | — | — | — | — | — |
No performance metrics or target bonus framework for the COO were disclosed in the appointment/consulting materials. Equity award is time‑based, not performance‑based .
Equity Ownership & Alignment
| Item | Quantity/Value | As‑of Date | Notes |
|---|---|---|---|
| Restricted common shares granted | 61,224 | Nov 5, 2025 | Time‑based vesting over 12 months (5,102 per month) |
| Estimated ownership as % of outstanding (if all restricted shares counted as outstanding) | ~0.066% | Nov 14, 2025 | 61,224 divided by 93,112,148 common shares outstanding; assumes all restricted shares are issued and outstanding for illustration |
| Vested vs. unvested | Initially 0 vested; vests monthly | Nov 5, 2025 start | 12 equal monthly tranches of 5,102 shares |
| Anti‑hedging policy | No specific anti‑hedging policy adopted; insider trading policy applies | Oct 2, 2025 | Board has not adopted specific hedging practices/policies |
| Pledging policy | Not disclosed | — | No pledging disclosure identified in latest proxy |
| Ownership guidelines | Not disclosed | — | No executive ownership guideline disclosure identified in latest proxy |
Vesting‑related selling pressure: monthly vest = 5,102 shares. Relative to 93,112,148 common shares outstanding as of Nov 14, 2025, each monthly vest represents ~0.0055% of shares outstanding, implying de minimis mechanical pressure at the consolidated share count level (float may differ) .
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Title | Chief Operating Officer | |
| Start date | Nov 5, 2025 | |
| Agreement form | Consulting agreement | |
| Term length | One year from effectiveness | |
| Termination (for cause) | Terminable for cause (standard clauses) | |
| Termination (without cause/mutual) | May be terminated upon 30 days prior notice not for cause upon mutual consent | |
| Severance | Not disclosed | |
| Change‑of‑control (trigger/benefits) | Not disclosed | |
| Non‑compete / Non‑solicit | Not disclosed in summary; full terms likely in Exhibit 10.3 | |
| Clawback | Not disclosed | |
| Benefits | Medical insurance and similar per company policy |
Company Performance Snapshot (context for pay‑for‑performance)
| Metric | Period | Value |
|---|---|---|
| Revenue ($) | Q3 2025 | $525,915 |
| Revenue ($) | Nine months ended Sep 30, 2025 | $1,251,124 |
| Common shares outstanding | Nov 14, 2025 (post‑PIPE) | 93,112,148 |
The company rebranded to AVAX One Technology Ltd. on Nov 12, 2025 and changed its Nasdaq ticker to AVX on Nov 13, 2025; Wylie’s appointment coincided with the PIPE closing and the strategic transition .
Investment Implications
- Pay mix and alignment: Compensation is predominantly fixed cash ($300k) plus a 12‑month, time‑based restricted share grant (61,224 shares). Absence of disclosed performance metrics or target bonus reduces explicit pay‑for‑performance linkage; lack of a specific anti‑hedging policy further weakens alignment optics, though the insider trading policy applies .
- Retention and flexibility: One‑year consulting term, terminable for cause and by mutual consent with 30 days’ notice, suggests limited severance protections and high flexibility for both parties; no change‑of‑control or severance economics disclosed—implying potential retention risk if execution stalls or strategy shifts .
- Selling pressure risk: Monthly vesting of 5,102 shares is immaterial relative to 93.1M shares outstanding (~0.0055% per month), indicating low mechanical selling pressure at the consolidated share count level; however, float dynamics and liquidity should still be monitored once Form 4 activity begins post‑vesting .
- Governance transition: With board reconstitution post‑PIPE and committees to be re‑formed, compensation frameworks could change; monitoring the reconstituted Compensation Committee’s policies (ownership guidelines, clawbacks, performance metrics) is key for future alignment assessment .
- Track record: Wylie’s background (fintech operations/finance, M&A exits) aligns with AGRI’s strategic pivot; however, his AGRI/AVAX One operating track record is nascent (appointment Nov 5, 2025), so early execution milestones—not pay design—will likely drive near‑term investor confidence .