UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Officer
On July 24, 2025, Dan Moorhead notified the Company of his decision to resign from his position as Chief Financial Officer of the Company, effective as of August 29, 2025. Mr. Moorhead’s resignation is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices.
In connection with his resignation, Mr. Moorhead is expected to enter into a consulting agreement with the Company to assist with the transition of his responsibilities and to provide advisory support for a limited period of time. The terms of such agreement will be disclosed once finalized.
Thomas Sandgaard, the current Chairman and Chief Executive Officer, will be working with Steven Dyson, the Company’s incoming Chief Executive Officer, and the Board of Directors to identify and appoint a new Chief Financial Officer.