Michael Weinbach appointed as CEO-Elect effective June 1, 2026, succeeding Richard G. Thornberry. Richard G. Thornberry will retire as CEO and resign from the Board on August 12, 2026, serving as a strategic advisor through December 31, 2026. Michael Weinbach's compensation includes a $1,000,000 base salary, a $1,166,666 target STI, and $6,000,000 in performance-based LTI for 2026. Weinbach receives sign-on equity awards totaling $8,000,000 in value, subject to performance and matching requirements. The Board adopted a 2026 Inducement Grant Equity Plan authorizing 500,000 shares for new hire incentives.