0001384905-26-000027
SEC filingRevenue met annual targets but Q4 underperformance impacted payouts; profitability improved through cost discipline.
The company maintains a severance policy that provides for payments upon qualifying termination, including change-in-control scenarios. These arrangements are designed to retain key talent while mitigating risk by requiring double-trigger vesting for equity awards, ensuring benefits only accrue if both a change-in-control and employment termination occur.
Director compensation is structured to attract and retain qualified board members, with a mix of cash retainers and equity awards. The board regularly evaluates refreshment to ensure diverse skills and perspectives, though no specific changes were disclosed for fiscal 2025.