secwatch.observer — SEC 8-K summary
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Issuer:     USBC, Inc. (USBC)
CIK:        0001074828
Form:       8-K/A
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0001654954-26-000281
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074828/000165495426000281/0001654954-26-000281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074828/000165495426000281/usbc_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-26-000281

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer