USBC COO Kirk Chapman departs; Series C/D/H preferred stock designations withdrawn

USBC, Inc.

Kirk Chapman mutually agreed to step down as COO effective Dec 15, 2025; departure not due to any disagreement.
Company terminated designations for Series C, D, and H Convertible Preferred Stock; no shares were outstanding.
Certificates of withdrawal filed with Nevada Secretary of State on Dec 11, 2025; provisions deleted from articles.

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

USBC, Inc.: Certificates of withdrawal filed to terminate the designations for Series C, Series D, and Series H Convertible Preferred Stock, deleting related provisions from the Restated Articles of Incorporation (effective 2025-12-11).

Change: charter amendment
Effective: 2025-12-11

Exact text from the filing

On December 11, 2025, the Company filed with the Secretary of State of the State of Nevada certificates of withdrawal to terminate the designations for the Company’s Series C Convertible Preferred Stock, Series D Convertible Preferred Stock, and Series H Convertible Preferred Stock.

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Source: SEC EDGAR

accession 0001161697-25-000467

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