---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-000275"
form_type: "8-K"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2026-01-12T23:59:59+00:00"
generated_at: "2026-05-16T10:46:18.513938+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001654954-26-000275
- form_type: 8-K
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2026-01-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495426000275/0001654954-26-000275-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495426000275/usbc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-000275
- JSON: https://secwatch.observer/filing/0001654954-26-000275.json
- Plain text: https://secwatch.observer/filing/0001654954-26-000275.txt

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