The company said it entered into an employment agreement with Chief Executive Officer Daniel R. Wall. The agreement is effective as of April 30, 2025, April 1, 2025.

1. 01

   The company said it entered into an employment agreement with Chief Executive Officer Daniel R. Wall. The agreement is effective as of April 30, 2025, April 1, 2025.

2. 02

   The company said Wall will receive an annual base salary of $100,000 under the employment agreement, subject to periodic review and adjustment by the Board of Directors or the Compensation Committee. He is also eligible for incentive-based compensation set by the Board or the Compensation Committee.

3. 03

   The company said the employment agreement provides for severance benefits upon termination without cause, subject to a release of claims or resignation. The agreement includes a mandatory 6-month non-compete and a 12-month non-solicitation provision.

4. 04

   The company said there are no family relationships between Wall and any director or executive officer of the company, and no related party transactions that would require disclosure under Regulation S-K Item 404(a).

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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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