0001493152-26-021292
SEC filingThis Amendment No. 1 is a strictly administrative filing to include a previously omitted Clawback Policy exhibit, offering no new financial performance data or operational updates for FY 2025.
This Form 10-K/A serves a strictly administrative function, filed to correct a procedural omission in the Original Form 10-K submitted on April 20, 2026. The sole purpose is to include Exhibit 97.1, the company's Clawback Policy. Investors should note that the filing explicitly states it does not amend any financial information or reflect subsequent events; the financial position and results of operations for the fiscal year ended December 31, 2025, remain as originally reported. Consequently, this document provides no basis for revising earnings estimates or valuation models.
The newly disclosed Clawback Policy represents a compliance measure aligned with SEC Rule 10D-1 and Nasdaq Listing Standards. The policy establishes a framework for the recovery of erroneously awarded incentive-based compensation from executive officers in the event of an accounting restatement. This applies to compensation received on or after October 2, 2023. The inclusion of this policy formalizes the company's governance structure following its recent transition, ensuring alignment with current regulatory expectations for listed issuers. The policy covers a three-year look-back period and includes specific provisions for recovery impracticability, such as enforcement costs exceeding recovery amounts.