secwatch.observer — SEC 8-K summary
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Issuer:     OFA Group (OFAL)
CIK:        0002036307
Form:       8-K
Filed at:   2026-10-05T20:05:31+00:00
Accession:  0001493152-26-045748
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2036307/000149315226045748/0001493152-26-045748-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2036307/000149315226045748/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-045748

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