The company said the Board appointed David W. Gibbs as a director on October 26, 2026, effective immediately. He will serve on the Audit Committee and the Compensation and Management Development Committee.

1. 01

   The company said the Board appointed David W. Gibbs as a director on October 26, 2026, effective immediately. He will serve on the Audit Committee and the Compensation and Management Development Committee.

2. 02

   The company said Gibbs served as Chief Executive Officer of Yum! Brands from 2020 to September 2025, and has served as a director of Under Armour since 2021 and as a director of PepsiCo since 2026.

3. 03

   The company said that after Gibbs's appointment the Board will consist of 13 directors, 12 of whom are independent. It also said there are no reportable transactions between Gibbs and the company under Item 404(a) of Regulation S-K.

4. 04

   The company said Gibbs will receive a pro-rated portion, through December 31, 2026, of the annual cash retainer of $115,000 and the committee member meeting retainer of $12,500, under the standard non-employee director compensation. He will also receive 7/12 of the annual restricted stock unit grant valued at $220,000.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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