BOXABL Strengthens Governance with New Audit Committee Chair Timothy Goldsmith, CPA

In a strategic move to enhance its governance infrastructure, BOXABL Inc. (Nasdaq: BXBL), a pioneering company in factory-built modular solutions, has officially appointed Timothy Goldsmith, CPA, to its Board of Directors, effective September 24, 2026. This decision marks a significant step in the company’s journey as it transitions to a public entity, aligning with its rapid growth and evolving governance needs.

Timothy Goldsmith brings over two decades of invaluable experience in public company audits and SEC reporting, making him an ideal addition to lead the Audit Committee. His extensive background at Ernst & Young (EY), where he served for nearly 21 years, includes a solid track record of supervising audits for complex public and private organizations. Under his leadership, the Audit Committee will not only ensure compliance but also play a pivotal role in strengthening BOXABL’s overall financial governance.

BOXABL is committed to building out its financial expertise, as evidenced by their recent appointments of Larry King as Chief Financial Officer and Heather Clayton as Chief Accounting Officer. These leadership positions complement Goldsmith’s expertise and represent the company's commitment to financial integrity and transparency in response to the rigors of public company regulations.

Dr. Morris A. Davis, who previously chaired the Audit Committee, will remain an integral member, contributing his depth of knowledge in housing policy and economics. With a background as Chief Housing Economist for the White House Council of Economic Advisers and a current role at Rutgers Business School, Dr. Davis’s expertise adds a crucial layer to the committee’s oversight capabilities.

Paolo Tiramani, founder and co-CEO of BOXABL, expressed confidence in Goldsmith’s appointment, highlighting his dual expertise in auditing and operational governance across diverse sectors, including manufacturing and hospitality. Tiramani stated, “Tim's extensive experience advising audit committees and boards across a range of industries makes him the governance partner we need as we scale.” This sentiment reinforces BOXABL’s intention to approach its growth with utmost diligence.

Goldsmith has a remarkable background in managing complex financial audits, overseeing more than 20 varied audits during his tenure, and leading teams of audit executives. His experience spans U.S. GAAP, IFRS, and Sarbanes-Oxley compliance, ensuring that BOXABL meets all regulatory requirements as it continues to grow.

Upon accepting his new role, Goldsmith commented on the importance of solid financial controls, saying, “BOXABL is tackling one of the country’s most pressing challenges, the affordable housing crisis. Strong governance is essential for managing the complexities of growth during this crucial time.” His commitment to collaborating with both the board and management team demonstrates a proactive approach to fostering a sustainable governance structure.

Founded in 2017, BOXABL has established itself as a frontrunner in revolutionizing the housing market through its innovative modular solutions. The company has successfully raised over $230 million from more than 50,000 investors, showcasing strong market confidence in its vision. Their flagship product, the Casita, is an elegantly designed 361-square-foot studio that can be deployed on-site within an hour, addressing the urgent need for affordable housing.

Looking ahead, BOXABL plans to expand its product line, introducing additional stackable and connectable units that can facilitate the creation of townhomes, multifamily units, and larger single-family homes. With current trading on the Nasdaq Market under the ticker symbol “BXBL,” BOXABL is poised not only for operational expansion but also for innovative shifts in the housing market landscape.

In summary, Timothy Goldsmith’s appointment to lead the Audit Committee is a critical step in reinforcing BOXABL’s governance as it navigates the complexities of being a public company. The combined expertise of Goldsmith, King, and Clayton promises a strong financial foundation as BOXABL strives to address the national affordable housing crisis with its pioneering manufacturing model.

For further information about BOXABL’s board and governance, please visit their Investor Page.