AI English summary of an SEC filing — figures as filed

The company said the Board of Directors appointed A. Brad Delco as Executive Vice President and Chief Financial Officer on August 18, 2025, effective September 1, 2025. The company's current Chief Financial Officer, John Kuhlow, will continue to serve as Chief Accounting Officer.

8-KDeparture or Appointment of Directors or Certain OfficersFiled Aug 22, 2025Period of report Aug 18, 2025Summary published (UTC) Oct 13, 2026

Key points

AI summary

The company said the Board of Directors appointed A. Brad Delco as Executive Vice President and Chief Financial Officer on August 18, 2025, effective September 1, 2025. The company's current Chief Financial Officer, John Kuhlow, will continue to serve as Chief Accounting Officer.
The company said Delco, 42, has served as Senior Vice President of Finance since February 2022, overseeing corporate financial planning and analysis, investor relations and corporate development. He joined the company in 2019 as Vice President of Finance and previously spent 14 years at Stephens Inc.
The company said Delco's annual base salary will be $525,000 effective September 1, 2025, and he will be awarded restricted share units valued at $1.45 million on the same day. Of this amount, 60% will vest on March 31, 2028, with the vesting level varying based on the company's attainment of targeted return on invested capital.
The company said Delco will receive a promotional award of restricted share units valued at $1 million on September 1, 2025, vesting in 3 equal annual installments on September 1 of 2031 through 2033. His 2025 bonus target is 100% of his annual base salary, with a potential payout ranging from 25% to 200%, and the company has not entered into any written employment agreement with him.

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.

A. Brad Delco Appointed Chief Financial Officer, Effective September 1, 2025

The company said the Board of Directors appointed A. Brad Delco as Executive Vice President and Chief Financial Officer on August 18, 2025, effective September 1, 2025. The company's current Chief Financial Officer, John Kuhlow, will continue to serve as Chief Accounting Officer.

Source · Based on the filing body and exhibits

Delco's Background: Senior Vice President of Finance and 14 Years at Stephens Inc.

The company said Delco, 42, has served as Senior Vice President of Finance since February 2022, overseeing corporate financial planning and analysis, investor relations and corporate development. He joined the company in 2019 as Vice President of Finance and previously spent 14 years at Stephens Inc.

Source · Based on the filing body and exhibits

Delco Compensation: Annual Base Salary of $525,000 and $1.45 million in Equity Awards

The company said Delco's annual base salary will be $525,000 effective September 1, 2025, and he will be awarded restricted share units valued at $1.45 million on the same day. Of this amount, 60% will vest on March 31, 2028, with the vesting level varying based on the company's attainment of targeted return on invested capital.

Source · Based on the filing body and exhibits

Promotional Equity Award of $1 million and 2025 Performance Bonus Target

The company said Delco will receive a promotional award of restricted share units valued at $1 million on September 1, 2025, vesting in 3 equal annual installments on September 1 of 2031 through 2033. His 2025 bonus target is 100% of his annual base salary, with a potential payout ranging from 25% to 200%, and the company has not entered into any written employment agreement with him.

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.

View the original filing on SEC EDGAR ↗

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