---
schema_version: "secwatch.filing_event.v1"
accession: "0001654954-26-000281"
form_type: "8-K/A"
ticker: "USBC"
cik: "0001074828"
company_name: "USBC, Inc."
filed_at: "2026-01-13T23:59:59+00:00"
generated_at: "2026-05-16T10:33:21.462172+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# USBC COO Kirk Chapman departs; separation agreement includes $320k severance

## Summary
- Kirk Chapman, COO, mutually agreed to leave effective Dec 15, 2025; he joined the Company in Aug 2025.
- Severance: $320k annual base salary paid regularly until Dec 31, 2026 or start of other employment.
- Non-compete waived; unvested options forfeited; standard release and non-disparagement.

## SEC filing metadata
- accession: 0001654954-26-000281
- form_type: 8-K/A
- ticker: USBC
- cik: 0001074828
- company_name: USBC, Inc.
- filed_at: 2026-01-13T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1074828/000165495426000281/0001654954-26-000281-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1074828/000165495426000281/usbc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001654954-26-000281
- JSON: https://secwatch.observer/filing/0001654954-26-000281.json
- Plain text: https://secwatch.observer/filing/0001654954-26-000281.txt

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