USBC COO Kirk Chapman departs; separation agreement provides $320K salary severance through Dec 2026

USBC, Inc.

COO Kirk Chapman departed effective Dec 15, 2025; separation agreement signed Jan 6, 2026.
Mr. Chapman receives severance equal to annual base salary of $320,000 payable until Dec 31, 2026 or earlier if he obtains other employment.
All unvested option awards forfeited as of Dec 31, 2025.
Company waives post-employment non-competition; customary release and non-disparagement remain.

item 5.02

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