---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-108497"
form_type: "8-K"
ticker: "TOP"
cik: "0001848275"
company_name: "TOP Financial Group Ltd"
filed_at: "2026-10-09T20:30:14+00:00"
generated_at: "2026-10-12T15:07:19.946764+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# TOP Financial adds two directors: Dean Huge (independent, $50K/yr) and Yuli Yan (executive, $60K/yr Project Manager)

## Summary
- Board expanded from five to seven directors on Oct 8, 2026; Dean Huge, 70, named independent director and member of Audit, Compensation and Nominating/Governance committees.
- Huge's annual fee is US$50,000 paid quarterly; appointment letter dated Oct 5, 2026, terminable by either party on two months' written notice.
- Yuli Yan, age 40, appointed executive director and Project Manager of TOP AI Inc. (Texas subsidiary) with a one-year term starting Oct 8, 2026, renewable unless three months' notice given.
- Yan gets US$60,000 annual base salary, share-incentive and benefits eligibility; no extra board pay; one-year post-employment non-compete and non-solicit covenants.
- Huge was CEO of Innovation Beverage Group (Nasdaq: IBG) through its 2024 IPO and CFO of Splash Beverage Group (NYSE: SBEV); Yan has been Director of Business Operations at HexaGaN since 2021.

## SEC filing metadata
- accession: 0001213900-26-108497
- form_type: 8-K
- ticker: TOP
- cik: 0001848275
- company_name: TOP Financial Group Ltd
- filed_at: 2026-10-09T20:30:14+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1848275/000121390026108497/0001213900-26-108497-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1848275/000121390026108497/ea0308226-8k_topfin.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-108497
- JSON: https://secwatch.observer/filing/0001213900-26-108497.json
- Plain text: https://secwatch.observer/filing/0001213900-26-108497.txt

## Key facts
- Executive change
  Dean Huge was appointed as independent director at TOP Financial Group Ltd.
  - Action: appointed
  - Role: independent director
  source text: On October 8, 2026, the Board of Directors (the “Board”) of TOP Financial Group Limited (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board, increased the size of the Board from five to seven directors and appointed Mr. Dean Huge as an independent director of the Company, effective October 8, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848275/000121390026108497/0001213900-26-108497-index.htm
- Executive change
  Yuli Yan was appointed as executive director at TOP Financial Group Ltd.
  - Action: appointed
  - Role: executive director
  source text: On October 8, 2026, the Board, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, appointed Ms. Yuli Yan as an executive director of the Company, effective October 8, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1848275/000121390026108497/0001213900-26-108497-index.htm

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