0001749723-26-000038
SEC filingThis 10-K/A amendment adds only governance and executive compensation disclosures; no financial statements are amended, so the financial narrative remains unchanged from the original filing.
This Amendment No. 1 on Form 10-K/A is filed solely to add Part III items (Directors, Executive Compensation, Security Ownership, Related Transactions, and Principal Accountant Fees) that were omitted from the original 10-K. No financial statements, notes, or MD&A are amended. Therefore, the financial narrative for FY2025 remains exactly as reported in the original filing on April 13, 2026. Investors should not infer any change in revenue, earnings, cash flow, or balance sheet metrics from this amendment.
The amendment discloses executive compensation arrangements, including retention awards and director fees. However, all specific dollar amounts and share counts have been removed from the narrative due to lack of audit support. The qualitative context indicates that compensation programs are designed to retain key personnel and align with shareholder interests, but no numerical details are available.
Director compensation and restructuring-related transactions are described qualitatively. The amendment notes that certain directors are involved in restructuring activities, but specific financial terms are not supported by audited data. Investors should refer to the original 10-K for the unchanged financial position.
Related party transactions, including those involving founder entities, are disclosed without specific financial amounts. The restructuring transaction is described as ongoing, but no dollar values or share prices are provided. The narrative focuses on the nature of the transactions rather than their financial impact.
Auditor fees and governance disclosures are included in the amendment. However, all fee amounts have been removed due to lack of audit support. The qualitative discussion covers the role of the audit committee and changes in auditor engagement, but no comparative fee data is available.
Ownership and control information is provided qualitatively, noting that founder entities maintain board control through a shareholders' agreement. Specific share counts and percentages have been removed. The narrative emphasizes the governance structure without numerical details.