secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K
Filed at:   2026-01-12T23:59:59+00:00
Accession:  0001654954-26-000275
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495426000275/0001654954-26-000275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495426000275/usbc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-000275

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