---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-045748"
form_type: "8-K"
ticker: "OFAL"
cik: "0002036307"
company_name: "OFA Group"
filed_at: "2026-10-05T20:05:31+00:00"
generated_at: "2026-10-12T14:49:41.928418+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OFA Group CFO Ernest Yeung resigns; Eugene M. Johnston appointed CFO with $150K salary and 60K-share option grant

## Summary
- Ernest Yeung resigned as CFO effective September 30, 2026, for personal reasons; the Board accepted his resignation on October 1, 2026.
- Board appointed Eugene M. Johnston, 62, as CFO effective Oct 1, 2026; he is CFO of 1776 Acquisition Corp since Nov 2025 and CFO of Mangoceuticals (Nasdaq: MGRX) since Oct 2022.
- Johnston's agreement: $150,000 annual base salary; annual cash bonus of 0%-20% of salary starting FY ending March 31, 2027; initial two-year term runs from Oct 1, 2026.
- Sign-on option for 60,000 Class A ordinary shares; eligible for annual options up to 50,000 shares beginning FY ending March 31, 2028; options vest in 12 quarterly installments over 3 years.
- Agreement includes D&O insurance for six years post-termination and clawback under Rule 10D-1/Nasdaq Rule 5608; termination for cause immediate or without cause on 30 days' notice.

## SEC filing metadata
- accession: 0001493152-26-045748
- form_type: 8-K
- ticker: OFAL
- cik: 0002036307
- company_name: OFA Group
- filed_at: 2026-10-05T20:05:31+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2036307/000149315226045748/0001493152-26-045748-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2036307/000149315226045748/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-045748
- JSON: https://secwatch.observer/filing/0001493152-26-045748.json
- Plain text: https://secwatch.observer/filing/0001493152-26-045748.txt

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