The Board of Directors adopted a limited duration stockholder rights plan (Rights Plan) on May 13, 2026, effective May 14, 2026. A dividend of one preferred share purchase right was declared for each outstanding share of common stock, payable to stockholders of record on May 26, 2026. The Rights Plan is designed to discourage unsolicited takeovers by imposing significant dilution on any person or group acquiring 15% or more of the company's common stock without Board approval. The rights become exercisable only upon the occurrence of certain triggering events, such as an acquisition of 15% or more of the company's common stock. The rights expire on May 12, 2027, unless earlier redeemed or exchanged by the Board.