The reality is that the board has the votes to remove Matt as CEO and Matt has enough shares that if the board is decided by simple 1 vote per share then he can replace them but without knowing the agreements with its investors and shareholders we don’t know if the boards mechanisms actually allow him to replace all the members. Since the company is privately traded, these aren’t published anywhere, so it’s unknowable for those of us in the peanut gallery (unless it eventually goes to court, which is likely unless those agreements are decisive).