AI English summary of an SEC filing — figures as filed
The company said its board appointed Marcel Teunissen as Executive Vice President and Chief Financial Officer, effective April 6, 2026. The company said he is 52 years old and most recently served as President, North America at Parkland Corporation.
Key points
AI summaryThe company said its board appointed Marcel Teunissen as Executive Vice President and Chief Financial Officer, effective April 6, 2026. The company said he is 52 years old and most recently served as President, North America at Parkland Corporation.
The company said Teunissen's annual base salary will be $550,000, with an annual cash performance bonus target of 100% of his base salary, which can be earned at up to 200% based on achievement of performance goals.
The company said Teunissen's annual long-term incentive target will be $2,500,000, which will be prorated for 2026. The company also said he will be a Tier 2 participant in the Executive Severance Plan and that his incentive compensation is subject to the clawback policies.
The company said that when Brittany Raiford's employment begins, she will cease to serve as Interim Chief Financial Officer, but she will continue to serve as Vice President – Treasurer and Investor Relations.
Summary
AI-writtenAnalysis 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.
Marcel Teunissen Named Chief Financial Officer
The company said its board appointed Marcel Teunissen as Executive Vice President and Chief Financial Officer, effective April 6, 2026. The company said he is 52 years old and most recently served as President, North America at Parkland Corporation.
Source · Based on the filing body and exhibits
Base Salary and Performance Bonus Terms
The company said Teunissen's annual base salary will be $550,000, with an annual cash performance bonus target of 100% of his base salary, which can be earned at up to 200% based on achievement of performance goals.
Source · Based on the filing body and exhibits
Long-Term Incentive and Compensation Arrangements
The company said Teunissen's annual long-term incentive target will be $2,500,000, which will be prorated for 2026. The company also said he will be a Tier 2 participant in the Executive Severance Plan and that his incentive compensation is subject to the clawback policies.
Source · Based on the filing body and exhibits
Interim Chief Financial Officer Role Ends
The company said that when Brittany Raiford's employment begins, she will cease to serve as Interim Chief Financial Officer, but she will continue to serve as Vice President – Treasurer and Investor Relations.
Source · Based on the filing body and exhibits
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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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