Cadiz names Jacinto Hernandez as CFO; Stanley Speer to retire Sept 1, 2026

CADIZ INC

Hernandez appointed EVP of Finance immediately, becomes CFO on Sept 1, 2026; base salary $400,000, target bonus 100%.
Inducement awards: 800,000 RSUs (200,000 vested on grant, 600,000 vest quarterly over 3 years) and 800,000 PSUs with stock price hurdles.
Speer to retire as CFO Sept 1, 2026; advisory role through Dec 31, 2026 at $10,000/month.
Speer receives accelerated vesting of 68,700 RSUs, new grant of 100,000 fully vested RSUs, and forfeits 150,000 milestone RSUs.
Controller Teffiny Bagnara promoted to Vice President as part of the transition.

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