secwatch.observer — SEC 8-K summary
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Issuer:     HF Foods Group Inc. (HFFG)
CIK:        0001680873
Form:       8-K
Filed at:   2024-12-19T23:59:59+00:00
Accession:  0001680873-24-000069
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HF Foods appoints Felix Lin as permanent CEO effective Jan 1, 2025
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- Xi (Felix) Lin named permanent CEO, effective Jan 1, 2025; previously interim CEO, COO, President.
- Employment Agreement: base salary $675,000, annual bonus target 125% of base, one-time PSU grant of $1M contingent on stock price.
- Severance: if termination without cause/good reason within 3 years, 36 months base salary; thereafter prorated bonus.
- Additional appointments: Jason White as SVP People & Technology, Paul Guan as VP Distribution Center Operations.
- Lin to be nominated to Board in June 2025 election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1680873/000168087324000069/0001680873-24-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1680873/000168087324000069/hffg-20241216.htm
  HTML page:      https://secwatch.observer/filing/0001680873-24-000069

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