Bryan Ganz retired as Chief Executive Officer and resigned as a member of the Board of Directors, effective March 2, 2026, in accordance with a Qualified Retirement provision. Conn Davis was appointed as the new Chief Executive Officer and a member of the Board of Directors, effective March 2, 2026. TJ Kennedy was elected to serve as Chair of the Board, succeeding Herbert Hughes, effective March 2, 2026. Mr. Hughes will continue to serve as a director. Conn Davis's compensation package includes an initial base salary of $450,000 per annum, a target annual cash incentive of 100% of base salary ($450,000), a 2026 annual long-term incentive equity grant with a target grant-date value of $750,000, and a performance-based new-hire equity award with a target value of $250,000. Davis is subject to executive share ownership guidelines requiring him to hold Company equity with a value equal to three times his base salary within five years of his start date. Davis is eligible to participate as a Tier 1 participant in the Company's Executive Severance Plan. Bryan Ganz will receive a prorated 2026 target bonus of $123,750, reimbursement for 100% of employer-equivalent COBRA premiums for three months, and up to $20,000 for relocation expenses. The exercise period for 66,667 of Bryan Ganz's outstanding stock options has been extended until March 31, 2027. Bryan Ganz's 545,000 restricted stock units (out of an original 600,000) have satisfied vesting conditions, with potential for up to 30,000 additional RSUs from share reversions. Bryan Ganz will provide advisory and transition services to the Company for an initial term of 30 days, with an option for up to an additional five months, receiving $41,250 for the initial term. TJ Kennedy received a pro rata portion of equity compensation for his service as Board Chair. Herbert Hughes's full equity compensation for his service as Board Chair for the 2025-2026 annual meeting cycle was accelerated.