---
schema_version: "secwatch.filing_event.v1"
accession: "0001161697-25-000467"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2025-12-17T23:59:59+00:00"
generated_at: "2026-05-16T12:51:48.314269+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# USBC COO Kirk Chapman departs; Series C/D/H preferred stock designations withdrawn

## Summary
- 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.

## SEC filing metadata
- accession: 0001161697-25-000467
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2025-12-17T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000116169725000467/0001161697-25-000467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000116169725000467/form_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001161697-25-000467
- JSON: https://secwatch.observer/filing/0001161697-25-000467.json
- Plain text: https://secwatch.observer/filing/0001161697-25-000467.txt

## Key facts
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1074828/000116169725000467/0001161697-25-000467-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.