Cary Vance, who served as Interim CEO since October 2025, has been appointed as the permanent President and CEO effective April 30, 2026. Jan Stern Reed has been appointed as Chair of the Board, replacing the Lead Independent Director role. Mr. Vance's compensation includes a $702,000 annual base salary and an 80% target bonus opportunity. Equity grants totaling approximately $3,354,000 in value (Initial Grant and Recognition Grant) are subject to stockholder approval at the 2027 Annual Meeting.