The company said Joseph D. Fisher notified it on September 2, 2025 of his intention to resign as President and Chief Investment Officer, effective at the close of business that day.

1. 01

   The company said Joseph D. Fisher notified it on September 2, 2025 of his intention to resign as President and Chief Investment Officer, effective at the close of business that day.

2. 02

   The company said it entered into a separation agreement with Joseph D. Fisher on September 2, 2025. It said the agreement entitles Mr. Fisher to a severance payment of $3.0 million in connection with signing it, and to additional contingent severance of $3.0 million payable over 12 months.

3. 03

   The company said it may claw back 50% of Contingent Severance already paid if Fisher fails to comply with the material terms of the separation agreement. The covenants under the agreement take effect on September 11, 2025, and Fisher may revoke the agreement until September 9, 2025.

4. 04

   The company said its board appointed Thomas W. Toomey, Chairman and Chief Executive Officer, as President, and that Toomey and other members of management will assume Fisher's duties.

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