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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.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Period of report Summary published (UTC)

Key points

AI summary
  1. 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.

  2. 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.

  3. 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.

  4. 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-written

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.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.