The company said its Board of Directors appointed Ann Begeman as a director on January 27, 2025, effective immediately, increasing the size of the Board from twelve directors to thirteen. Begeman was assigned to the Finance Committee.

1. 01

   The company said its Board of Directors appointed Ann Begeman as a director on January 27, 2025, effective immediately, increasing the size of the Board from twelve directors to thirteen. Begeman was assigned to the Finance Committee.

2. 02

   The company said Begeman, 60 years old, served as a member of the Surface Transportation Board from 2011 to 2021, including as Chairman and Acting Chairman from 2017 to 2021. Before that, she held various positions in the U.S. Senate from 1992 to 2011.

3. 03

   The company said it paid Begeman $275,000 for services she provided in fiscal year 2024, when she advised the company on regulatory and government affairs matters. As a result, the Board determined that she does not qualify as independent under NASDAQ listing standards.

4. 04

   The company said Begeman, as a non-employee director, will receive compensation on the same basis as all non-employee directors described in the Proxy Statement dated March 25, 2024. It also issued a press release on January 27, 2025 announcing her appointment.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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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