FreeCast expands board to four directors, names Eric Seidel in Nasdaq audit committee build-out
Among the governance compliance obligations that newly listed Nasdaq companies navigate, audit committee composition is one of the more time-sensitive. Against that backdrop, FreeCast, Inc. (CAST) expanded its board of directors…
Key takeaways
- FreeCast, Inc. (CAST) expanded its board of directors from three to four seats on July 17, 2026, and appointed technology entrepreneur Eric Seidel to the new position and its Audit Committee.
- With Seidel's appointment, FreeCast's Audit Committee now has two members, and the board determined he meets independence standards under SEC Rule 10A-3 and Nasdaq Rule 5605(a)(2).
- FreeCast is relying on the phase-in period under Nasdaq Rule 5615(b)(1)(B) to reach the three-independent-member audit committee requirement of Nasdaq Rule 5605(c)(2)(A).
- Seidel, 62, is CEO of Bridgeworks AI, LLC (operating as Kinloom) and previously co-founded Web-Est and led eAutoclaims, Inc.
- The 8-K, signed by CEO William A. Mobley, Jr. and filed July 23, 2026, discloses no timeline for adding the third audit committee member.
Among the governance compliance obligations that newly listed Nasdaq companies navigate, audit committee composition is one of the more time-sensitive. Against that backdrop, FreeCast, Inc. (CAST) expanded its board of directors from three to four seats on July 17, 2026, and appointed technology entrepreneur Eric Seidel to fill the new position and to join its Audit Committee.
The appointment and its compliance context
Nasdaq Rule 5605(c)(2)(A) requires listed companies to maintain at least three independent members on their audit committees. FreeCast, an Orlando-based emerging growth company, had one Audit Committee member before Seidel's appointment. With Seidel now seated, the committee stands at two. The company is relying on the phase-in period available to newly listed issuers under Nasdaq Rule 5615(b)(1)(B), which permits a staged approach to full audit committee compliance.
The board determined Seidel meets the independence standards in SEC Rule 10A-3 and Nasdaq Rule 5605(a)(2). It also confirmed he has not participated in preparing FreeCast's financial statements in the past three years and can read fundamental financial statements, including the balance sheet, income statement, and cash flow statement.
Seidel's background
Seidel, 62, brings a career built around technology businesses in both public and private markets. Since June 2025, he has served as chief executive officer of Bridgeworks AI, LLC, which operates as Kinloom, an artificial intelligence-enabled family legacy platform he co-founded. Before that, he co-founded Web-Est in March 2008 and ran it as president and CEO until The Beekman Group, a New York-based private equity firm, acquired the company in January 2024.
Earlier, Seidel spent seven years as president and CEO of eAutoclaims, Inc., a publicly traded provider of online claims-management solutions for the automobile insurance industry, from January 2000 to January 2007, and sat on that company's board from June 2000 through January 2008.
His civic record includes service as Mayor and City Council Member of Oldsmar, Florida, and as President of JCI USA, the United States Jaycees. He currently serves as a Trustee of the U.S. Junior Chamber of Commerce Foundation, chairs its Fundraising Committee, and sits on the Board of Directors and Governmental Affairs Committee of the Upper Tampa Bay Regional Chamber of Commerce.
What the filing leaves open
On balance, the appointment moves FreeCast closer to full Nasdaq compliance, but the Audit Committee still needs a third independent member before the phase-in window closes. The 8-K, signed by chief executive officer William A. Mobley, Jr. and filed July 23, 2026, discloses no timeline for completing that build-out.
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