What changed
On October 29, 2026, the Board appointed Ms. Skillern to the Audit Committee and Mr. McCool to the Compensation Committee, both effective the same day. The Board determined both are independent under Nasdaq listing standards, with Skillern meeting audit committee independence requirements under Nasdaq Rule 5605(c)(2) and Rule 10A-3, and McCool meeting compensation committee requirements under Nasdaq Rule 5605(d)(2) and Rule 10C-1. Each will receive the company's customary additional annual cash retainer of $10,000 per year for committee service; no other new compensatory arrangements were entered into.