Sometimes a new hire can change everything. Or at least, that's what investors in CID HoldCo Inc. (DAIC) seemed to be thinking Tuesday evening.
Shares of the Maryland-based investment holding company rocketed 23.80% in after-hours trading to $1.04 following an amended SEC filing that revealed a significant C-suite shakeup. The company appointed Delores Rochester as Chief Revenue Officer, effective January 5, 2026.
Big Tech Pedigree Comes to CID HoldCo
Rochester brings serious credentials to the role. She previously held various positions at Oracle Corp. (ORCL) and IBM (IBM), most recently serving as Group Vice President for North America Cloud Infrastructure Sales at Oracle. That's the kind of resume that can turn heads, especially for a company that desperately needs a turnaround story.
She's replacing Robert Reny, who was removed on December 12. The SEC filing clarified that his departure involved no accounting disagreements with the company, which is always nice to hear.
Show Me The Money
Rochester's compensation package reflects the performance expectations. She'll earn a $285,000 base salary, with variable bonuses of up to $190,000 for 2026. Those bonuses are contingent upon hitting sales targets set by the CEO and approved by the Compensation Committee, so she's got clear incentives to deliver results.
A Stock in Serious Trouble
Here's the context that makes this hire so important: CID HoldCo's stock has been absolutely crushed. Over the past 12 months, shares have plummeted 92.33%. The stock closed Tuesday at $0.84, down 14.29%, and it's trading near its 52-week low of $0.83. The 52-week high? Try $74.40. That's a brutal decline that underscores just how challenging things have been.
The company's market capitalization now sits at just $23.33 million, and the stock has a Relative Strength Index of 19.72, which suggests it's been oversold. Trading near recent lows suggests there could be more downside ahead unless something changes.
Which is presumably why investors got excited about Rochester's appointment. When you're down 92% in a year, bringing in a revenue leader with Oracle-level experience might be exactly what you need.