---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-023760"
form_type: "8-K"
ticker: "XPEL"
cik: "0001767258"
company_name: "XPEL, Inc."
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:38:22.067531+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.2
calibrated_materiality_score: 0.2
confidence: "high"
source: SEC EDGAR
---

# Director Mark Adams retires from XPEL board; board expansion to seven members underway

## Summary
- Mark Adams retired from XPEL board effective June 27, 2023, after 13 years of service as Lead Independent Director.
- Adams did not advise of any disagreement with the Company on matters of operations, policies, or practices.
- XPEL plans to expand board from five to seven members; will replace Adams through ongoing candidate process.
- Chairman Ryan Pape thanked Adams for his many meaningful contributions over the years.

## SEC filing metadata
- accession: 0001628280-23-023760
- form_type: 8-K
- ticker: XPEL
- cik: 0001767258
- company_name: XPEL, Inc.
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.2
- calibrated_materiality_score: 0.2
- confidence: high
- sec_items: 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1767258/000162828023023760/0001628280-23-023760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1767258/000162828023023760/xpel-20230627.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-023760
- JSON: https://secwatch.observer/filing/0001628280-23-023760.json
- Plain text: https://secwatch.observer/filing/0001628280-23-023760.txt

## Key facts
- Executive change
  Mark Adams retired as Director at XPEL, Inc..
  - Action: retired
  - Role: Director
  source text: On June 27, 2023, Mr. Mark Adams, a member of the Board of Directors of XPEL, Inc. (the “Company”) notified the Company of his intention to retire from the Company’s Board of Directors (the “Board”), effective June 27, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1767258/000162828023023760/0001628280-23-023760-index.htm

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