HF Foods amends CEO Lin's employment deal, signs CFO McGarry and CAO Chang, expands severance and equity vesting

HF Foods Group Inc.

On Sept 28, 2026, HF Foods entered an amended employment agreement with CEO Felix Lin; CFO Paul McGarry and CAO Christine Chang also signed new employment agreements with one-year initial terms.
CEO agreement: company non-renewal now counts as qualifying termination for severance; pro-rata bonus eligibility date moved from June 30 to March 31.
CEO Felix Lin's base salary is $750,000 with target annual bonus 125% of salary and target equity grant 150% of salary under 2018 Omnibus Plan.
Compensation Committee amended Severance Plan to include target bonus for CEO; equity amendments move RSU/PSU vesting date from April 15 to March 17.
Equity amendments: change-in-control protection period rises from 12 to 24 months; full acceleration of unvested awards on death/disability; pro-rata PSU payout on qualifying non-CIC termination.

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