What changed
The Board determined John E. Stokely qualifies as independent under Nasdaq standards and elected him lead independent director on October 28, 2026. Stokely ceased serving as Executive Chair but continues as Chair of the Board. David G. Whalen ceased as lead independent director but continues as Chair of the Nominating and Corporate Governance Committee. Additional fees for the Executive Chair and lead independent director roles ceased effective October 28, 2026.
Why it matters
The Board determined John E. Stokely qualifies as independent under Nasdaq standards and elected him lead independent director on October 28, 2026. Stokely ceased serving as Executive Chair but contin