Executive Summary
Across 39 filings on USA Board Room Changes from March 13, 2026, a dominant theme is elevated C-suite and board turnover, with 12 CFO/EVP Finance-related changes (resignations in Sprout Social, Waste Management, Wheeler REIT; appointments in CONMED, Hexcel, Orgenesis, Mitesco) signaling potential execution risks amid interim leadership in multiple firms. Director resignations/retirements affected 14 companies (e.g., Nine Energy, Vitesse, Six Flags, Goldman Sachs), often voluntary or age-related, balanced by 10 new appointments of experienced executives/directors (e.g., Avidbank, Hexcel CFO from Axcelis, Cyber App Solutions). Equity incentives surged as retention tools, with grants/RSUs/DCAs in 11 firms (Forward Industries options, Adient $500k RSU, Paymentus RSUs, Optimum $9.375M DCAs), reflecting alignment but mixed AGM votes (Veru 975k against equity plan, F5 16.1M against incentives). No broad YoY/QoQ financial declines noted, but Vitesse's 67% 2026 oil production hedged at $64-67/Bbl supports dividends positively; capital allocation leans toward reinvestment via incentives over buybacks/dividends. Portfolio-level pattern: Higher materiality (7-8/10) events cluster in tech/SaaS (Sprout, Asana) and finance (Waste Mgmt, Avidbank), implying sector-specific leadership refreshes for growth/turnarounds. Market implications: Bullish for firms with proven hires, bearish for abrupt exits without successors, creating near-term volatility opportunities.
Tracking the trend? Catch up on the prior US Corporate Board Director Changes SEC Filings digest from March 12, 2026.
Investment Signals(12)
- Hexcel Corp↓(BULLISH)▲
Experienced CFO James Coogan (ex-Axcelis CFO, 20+ yrs finance) appointed May 1, 2026, to drive aerospace/defense growth; positive sentiment
- Avidbank Holdings↓(BULLISH)▲
Board adds veteran CFO Keith Jensen (Fortinet exp, $5B+ enterprises) for tech/finance/governance expertise amid lending growth; Chairman endorsement
- Paymentus Holdings↓(BULLISH)▲
2026 EICP with 3% salary hikes, target bonuses 61.5-192.9% base on revenue/EBITDA, RSU grants (139k each to CFO/CCO); retention-focused
- Vitesse Energy↓(BULLISH)▲
Board resignation amid positive hedging update (67% 2026 oil prod hedged $64-67/Bbl, collars to 2027); supports dividend sustainability
- Adient plc↓(BULLISH)▲
AGM strong approvals (directors 60.9-61.9M for), $500k RSU retention for EVP Conklin vesting over 2 yrs; positive sentiment
- Mitesco Inc↓(BULLISH)▲
Brian Valania appointed CEO/CFO + board, advancing data centers (DC-NYC, Middle East sites) via Centcore/Vero; growth strategy interview
- Orgenesis Inc↓(BULLISH)▲
New directors Pelavin/Adler (prior service) + CFO Doug Karriker ($160k salary), board fixed at 4; positive sentiment post-delisting
- F5 Inc↓(BULLISH)▲
AGM passed all incl. 3.5M new incentive shares (despite 16.1M against), strong NEO comp approval (44.8M for); positive sentiment
- Forward Industries↓(BULLISH)▲
Director options (100k-150k/share $5.02, vesting quarterly), interim CEO agreement extended to June 2026 auto-renew; alignment
- U S Physical Therapy↓(BULLISH)▲
2026 LTIP RSUs (CEO 12.8k target) tied to Adj. EBITDA $101.6-108.24M thresholds, vesting 16 qtrs from 2027; performance-linked
- Sprout Social↓(BEARISH)▲
CFO Joe Del Preto immediate resignation, CEO Barretto interim PFO/PAO no extra comp; mixed sentiment, potential disruption
- Waste Management↓(BEARISH)▲
Long-tenured CFO Devina Rankin resigned Nov 2025, $1M transition bonus to Mar 2026; high materiality leadership gap
Risk Flags(10)
- Sprout Social/CFO Turnover↓[HIGH RISK]▼
Immediate CFO resignation Mar 11, 2026, CEO interim; no successor named, mixed sentiment 8/10 materiality
- Cocrystal Pharma/Director Loss↓[HIGH RISK]▼
Dr. Anthony Japour passed away Mar 10, 2026; negative sentiment, governance void no succession
- Nine Energy Service/Exec Departure↓[MEDIUM RISK]▼
EVP/GC Theodore Moore resigns Mar 24 to competitor; notified Mar 9, potential IP/knowledge loss
- Wheeler REIT/Multiple Changes[HIGH RISK]▼
CFO departed Mar 13, dir Kerry Campbell resigns Mar 14 to subsidiary; interim CAO appointed, audit chair shift
- Veru Inc/AGM Pushback↓[MEDIUM RISK]▼
Equity plan amendment passed but 975k against, say-on-pay 736k against (out of 16M shares); mixed sentiment
- Vera Bradley/Exec Exit↓[MEDIUM RISK]▼
Chief Admin/Legal Mark Dely departs Jun 27 under severance plan; new permanent CEO but transition overlap
- Six Flags/Board Shrink↓[LOW RISK]▼
Director Jennifer Mason not re-electing 2026 AGM; neutral but reduces experience
- Nature's Miracle/President Resign↓[MEDIUM RISK]▼
Zhiyi Zhang resigned pres Feb 28/board Dec 2025, replacement Jinlong Du; no disagreements but timing lag
- CONMED/Interim Finance↓[MEDIUM RISK]▼
Andrew Moller interim PFO Mar 15 (ex-Smith & Nephew); implies ongoing CFO search instability
- F5 Inc/Shareholder Dissent↓[LOW RISK]▼
Incentive plan 16.1M against (33% votes); passed but signals comp concerns
Opportunities(10)
- Hexcel Corp/New CFO↓(OPPORTUNITY)◆
Coogan's aero/defense exp (Axcelis/Kaman) undervalued for rising aircraft prod; monitor Q2 execution post-May 1
- Avidbank/New Director↓(OPPORTUNITY)◆
Jensen's capital raising/M&A skills for lending expansion (venture/RE); NASDAQ:AVBH trading discount to peers
- Paymentus/Retention Incentives↓(OPPORTUNITY)◆
RSUs vesting 2027+ tied to FY26 revenue/EBITDA; 192.9% bonus potential for CFO, alpha in fintech growth
- Optimum Communications/LTIP Shift↓(OPPORTUNITY)◆
$9.375M DCAs (50% LTIP, CEO $5M) vesting 2026-28 quarterly; replaces RSUs, short-term bonuses quarterly
- Vitesse Energy/Hedging↓(OPPORTUNITY)◆
67% 2026 oil hedged $65/Bbl avg + 2027 collars; dividend support amid volatility, buy on energy dip
- Mitesco/Growth Pivot↓(OPPORTUNITY)◆
New CEO/CFO Valania targets data centers (DC-NYC/ME); early-stage via Centcore, undervalued post-leadership refresh
- Orgenesis/Board/CFO Refresh↓(OPPORTUNITY)◆
Experienced returns (Pelavin/Adler) + Karriker CFO; OTC post-Nasdaq, rebound potential in biotech
- Adient/Retention Award↓(OPPORTUNITY)◆
$500k RSU for EVP vesting 2 yrs; AGM strength signals stability in auto supplier turnaround
- Cyber App Solutions/New Director(OPPORTUNITY)◆
Fred Schoenhut (ex-NYBOT/ICE Chair) adds commodities exp to 4-person board; small-cap cyber play
- AMC Networks/CEO to Board↓(OPPORTUNITY)◆
Kristin Dolan added as Class B dir, Kim Kelleher 3-yr deal ($1.8M base +150% bonus); media recovery catalyst
Sector Themes(6)
- CFO Churn in Tech/Finance◆
8/39 filings (Sprout, Waste Mgmt, CONMED, Hexcel, Wheeler, Orgenesis, Mitesco, Paymentus) show CFO resignations/appointments; abrupt exits (immediate/interim) vs experienced hires signal transition risks/opportunities, avg materiality 7/10
- Director Retirements Age-Driven◆
10 cases (Goldman, Titan, Comstock, Independent Bank, Keysight SVP, TDS SVP, Barfresh, Six Flags) voluntary/age policy; neutral sentiment but board refresh in finance/industrials (4/10 cases), potential for younger expertise
- Equity Incentives as Retention◆
13/39 (Forward options, Adient RSU, Paymentus RSUs, Optimum DCAs, US Phys LTIP, American States RSUs) with vesting 2026-28 tied to service/EBITDA/TSR; bullish alignment, but AGM opposition in 2/4 (Veru/F5) on share dilution
- AGM Mixed Votes on Comp◆
4/39 passed directors/auditors strongly but equity/comp pushback (Veru 975k against plan/736k say-pay; F5 16M against incentives); healthcare/tech sectors, implies activist pressure on overcompensation
- Energy Hedging Amid Board Change◆
Vitesse sole energy filing with 67% 2026 prod hedged $64-67/Bbl post-director resign; supports dividends vs peers unhedged, positive outlier
- Interim Leadership Prevalence◆
5/39 (Sprout CEO interim CFO, CONMED interim PFO, Vera interim-to-perm CEO); high materiality 6-8/10, creates short-term volatility for event-driven trades
Watch List(8)
Interim CEO as CFO post-resignation; monitor successor announcement, Q1 earnings for transition impact [Ongoing]
James Coogan starts May 1, 2026; watch Q2 2026 earnings for aero growth metrics post-Mike Lenz interim [May 2026]
Mark Dely exit Jun 27, 2026; track FY2027 performance under perm CEO Bickley ($1.5M equity) [Jun 2026]
- Wheeler REIT/CFO Replacement👁
CFO departed Mar 13, CAO Patrick Gundlach interim; successor search + board resign, audit stability [Mar-Apr 2026]
Post-AMG Mar 12 shares up 2.6M-5.85M; monitor dilution impact, say-on-pay dissent in next proxy [2027 AGM]
Jody Horner new post-Stan Erickson retire Mar 11; age policy waiver history, governance shifts [May 2026 ASM]
Robert Pincus retires Jun 17, 2026 ASM; watch D.C. real estate portfolio execution [Jun 17, 2026]
Hedging locks 2026-27; track Q1 2026 oil volumes vs 529k Bbls swapped $65.87, production guidance [Q1 2026]
Filing Analyses(39)
13-03-2026
Nine Energy Service, Inc. disclosed that Theodore R. Moore resigned from his position as Executive Vice President, General Counsel and Secretary, effective March 24, 2026, to accept a position at another company. Mr. Moore notified the company of his decision on March 9, 2026. The Form 8-K was filed on March 13, 2026.
13-03-2026
On March 10, 2026, Forward Industries, Inc.'s Board approved grants of 100,000 five-year stock options each to directors Sangita Shah, Keith Johnson, and Michael Pruitt for board service under the 2021 Equity Incentive Plan, with Shah and Johnson receiving an additional 50,000 options each for committee service at an exercise price of $5.02 per share. The options vest in four equal quarterly installments starting three months from grant, subject to continued service. On March 13, 2026, the company amended interim CEO Michael Pruitt's employment agreement, extending it to June 30, 2026, with automatic three-month renewals unless 30 days' notice is given.
- ·Stock options are non-qualified and vest in four equal quarterly installments of 25% each, with the first vesting three months from March 10, 2026.
- ·Employment amendment allows non-renewal with 30 days' written notice prior to term expiration.
13-03-2026
Veru Inc. held its 2026 Annual Meeting of Shareholders on March 12, 2026, where all six nominated directors were elected with 5.3M-5.5M votes for each, though withheld votes ranged from 277k to 444k and broker non-votes totaled 4.42M. Shareholders approved the amendment to the 2018 Equity Incentive Plan (increasing authorized shares from 2.6M to 5.85M), ratified Cherry Bekaert LLP as auditors (10.04M for vs. 116k against), advisory say-on-pay (4.48M for but 736k against and 563k abstentions), and adjournment, out of 16.05M eligible shares. While all proposals passed, notable opposition was seen on say-on-pay and Equity Plan amendment (975k against).
- ·Auditors ratification: 10,040,215 For, 115,840 Against, 43,656 Abstentions.
- ·Equity Plan amendment: 4,743,572 For, 975,452 Against, 56,688 Abstentions.
- ·Say-on-pay: 4,476,916 For, 735,523 Against, 563,273 Abstentions.
- ·Adjournment: 9,045,655 For, 1,106,328 Against, 47,728 Abstentions.
- ·Proxy statement filed January 28, 2026; fiscal year ends September 30, 2026.
13-03-2026
On March 10, 2026, Asana, Inc.'s Compensation Committee adopted the Incentive Bonus Plan for employees including the CEO and CFO, and amended the Executive Severance and Change in Control Benefit Plan to increase non-Change in Control Period severance benefits from 4 to 6 months of base salary/target incentive and equivalent COBRA premiums. On March 11, 2026, Veronica Sosa was appointed Chief Accounting Officer and Principal Accounting Officer, with no changes to her compensation or any related arrangements.
- ·Ms. Sosa has served as Asana's Vice President, Global Corporate Controller since February 2022; previously Senior Director, Global Assistant Controller at LinkedIn (Sep 2018-Jan 2022) and Senior Director, Finance - Strategy & Transformation at LinkedIn (May 2013-Sep 2018); Senior Manager at Ernst & Young (May 2004-May 2013).
- ·No family relationships between Ms. Sosa and any director/executive officer; no arrangements or understandings for her appointment; no material interests under Item 404(a).
13-03-2026
Burke & Herbert Financial Services Corp. filed a consent from Diane Poillon to be named as a director following the merger of LINKBANCORP, Inc. (LNKB) into Burke & Herbert, per the Agreement and Plan of Merger dated December 18, 2025. The consent is tied to the Registration Statement on Form S-4 (File No. 333-292956) and this Form 8-K. No financial impacts or performance metrics are disclosed in this filing.
- ·Consent signed by Diane Poillon on March 05, 2026.
- ·Filing date: March 13, 2026.
- ·Items reported: 5.02, 9.01.
13-03-2026
Adient plc held its 2026 Annual General Meeting on March 10, 2026, where shareholders elected eight directors with overwhelming majorities (For votes ranging 60.9M to 61.9M shares), ratified PricewaterhouseCoopers LLP as auditors for FY2026 (65.0M For), approved named executive officer compensation (58.4M For), and renewed board authorities to issue shares and opt-out of preemption rights. Separately, the Board approved a $500,000 Special RSU retention award for Executive Vice President James Conklin, vesting one-half per year over two years.
- ·Special RSU Award grant date: May 7, 2026; vests subject to continued service, with protections for involuntary termination without cause, death, or disability.
- ·Proposal 1 Against votes ranged 206K-1.16M shares; Proposal 2 Against: 1.47M shares; Proposal 3 Against: 3.65M shares; Proposal 4 Against: 487K shares; Proposal 5 Against: 2.73M shares.
- ·Special RSU Agreement filed as Exhibit 10.42 to 10-K on November 18, 2024.
13-03-2026
On March 10, 2026, Scott Smith, who has served as a Director of Independent Bank Corp. and Rockland Trust Company since April 1, 2019, and as a member of the Trust Committee since April 2023, notified the company of his voluntary decision not to stand for re-election at the May 14, 2026 Annual Shareholder Meeting, after which he will cease serving as a Director. The decision was not due to any disagreement with the company, Rockland Trust, the Board, or management. No other changes or financial impacts were reported.
- ·Company IRS Employer ID: 04-2870273
- ·Commission File Number: 1-9047
- ·Principal executive offices: 2036 Washington Street, Hanover, MA 02339; Mailing: 288 Union Street, Rockland, MA 02370
13-03-2026
Vitesse Energy, Inc. announced an update to its hedging program, adding substantial opportunistic hedges on oil, natural gas, NGLs through 2027 at fixed prices supporting its dividend, with approximately 67% of its expected 2026 oil production hedged based on guidance midpoint. Weighted average fixed prices for oil swaps range from $63.51 to $66.77 per Bbl across 2026-2027 quarters. Effective March 13, 2026, board member M. Bruce Chernoff resigned due to personal time constraints.
- ·Crude oil swaps: Q1 2026 - 529,291 Bbls at $65.87 WTI; Q2 2026 - 613,509 Bbls at $66.77 WTI; Q3 2026 - 490,679 Bbls at $65.01 WTI; Q4 2026 - 427,155 Bbls at $64.20 WTI.
- ·Crude oil collars: Q1 2027 - 300,000 Bbls at $55.75/$66.44 floor/ceiling.
- ·Natural gas collars: 2026 quarterly volumes 1.45M-1.58M MMbtu at ~$3.73/$4.90 floor/ceiling.
- ·NGL swaps include Mont Belvieu Ethane 2026: 2,176,000 Gallons at $0.26.
13-03-2026
CONMED Corporation announced on March 13, 2026, that Andrew Moller, age 51, will serve as Interim Principal Financial Officer effective March 15, 2026. Mr. Moller joined the company in January 2025 as Vice President, Corporate Controller, and was appointed Principal Accounting Officer in April 2025, bringing prior experience from Smith & Nephew (Global Controller and CFO Asia-Pacific until December 2024) and Stanley Black & Decker. No related-party transactions, family relationships with directors, or changes to his compensation were reported.
- ·Mr. Moller is a certified public accountant with a Master of International Business Studies from the University of South Carolina and a Bachelor of Science in Business Administration from the College of Charleston.
- ·No family relationships between Mr. Moller and the Company’s Board of Directors.
13-03-2026
David Mikulecky resigned from Apex Treasury Corp.'s board effective March 9, 2026, citing no disagreements with management. On March 13, 2026, the board appointed Stephen CuUnjieng, 66, as an independent Class I director to the Audit and Compensation Committees; he receives 30,000 Class B ordinary shares from the Sponsor and entered into standard indemnity, letter, and registration rights agreements. CuUnjieng brings extensive investment banking experience in Asia from roles at Evercore Asia, Macquarie Group, and Merrill Lynch.
- ·CuUnjieng appointed with term expiring at first annual shareholder meeting.
- ·No family relationships or material interests under Item 404(a) of Regulation S-K.
- ·Exhibits include Indemnity Agreement (ref to S-1 Exhibit 10.6), Letter Agreement (new), and Registration Rights Agreement joinder.
13-03-2026
On March 10, 2026, Jennifer Mason, a member of the Board of Directors of Six Flags Entertainment Corporation, informed the company that she will not stand for re-election at the 2026 annual meeting of stockholders. Her decision was not due to any disagreement with the Board, the company, or management on operations, policies, or practices. The Board thanked Ms. Mason for her dedicated service.
- ·Filing date: March 13, 2026
- ·Date of earliest event reported: March 10, 2026
- ·Annual meeting reference: 2026 Annual Meeting
13-03-2026
Vera Bradley, Inc. appointed Ian Bickley as permanent Chief Executive Officer and Chairman of the Board effective March 12, 2026, succeeding his Interim CEO role since June 2025, with a $750,000 base salary, 100% target bonus, and $1.5M equity grant for FY2027. CFO Martin Layding assumes additional Chief Operating Officer duties with base salary increased 16% from $475,000 to $550,000, while Chief Administrative & Legal Officer Mark Dely will depart effective June 27, 2026, under the 2014 Executive Severance Plan. Bickley's employment extends through fiscal year ending approximately February 3, 2029.
- ·Ian Bickley, age 62, served as Executive Chair and Interim CEO since June 2025 and Board member since November 2024.
- ·Bickley employment agreement includes severance provisions: 1.5x base salary + benefits upon termination without Cause or for Good Reason; enhanced post-Change in Control with full equity vesting.
- ·Mark Dely signed the filing as Chief Administrative Officer on March 13, 2026.
13-03-2026
On March 12, 2026, the Compensation Committee of American States Water Company approved time-vested restricted stock units (RSUs) and performance-based RSUs to key executives, including CEO Robert J. Sprowls (7,362 time-vested and 22,088 target performance RSUs), Eva G. Tang (1,071 each), and others. Time-vested awards vest in 33%, 33%, and 34% portions over the first three anniversaries of the grant date, while performance awards vest similarly on December 31, 2026, 2027, and 2028 based on criteria such as total shareholder return, operating expenses, and acquisition success rates. No dollar values or performance outcomes were disclosed in the filing.
- ·Performance criteria vary: total shareholder return, Golden State Water Company operating expense level, ASUS cumulative net earnings, and ASUS new base acquisition success rate (criteria differ by executive).
- ·Awards include dividend equivalents payable in additional RSUs.
- ·Vesting accelerates upon death, disability, or retirement.
13-03-2026
NextTrip, Inc. entered into a new employment agreement with Frank Orzechowski for his continued service as Chief Financial Officer, effective retroactively to February 10, 2026, with a base annual salary of $250,000, an equity bonus of 10,000 shares, and a guaranteed cash bonus of $13,500 for 2026. $50,000 of the base salary from September 1, 2025, through March 31, 2026, will be satisfied in fully vested common stock based on the February 10, 2026, closing price. The agreement provides for a six-month severance upon involuntary termination or resignation for good reason, and eligibility for an annual performance bonus targeting $50,000 to $150,000.
- ·Employment term is on a monthly basis subject to six-month severance payment.
- ·Agreement filed as Exhibit 10.1.
13-03-2026
Cocrystal Pharma, Inc. reported on March 13, 2026, that Dr. Anthony Japour, a member of its board of directors, passed away, with the company learning of the event on March 10, 2026. This represents a significant loss for the company's leadership and governance structure, with no additional details on succession or impact provided.
- ·Company headquartered at 19805 N. Creek Parkway, Bothell, WA 98011
- ·Registrant is not an emerging growth company
13-03-2026
Devina Rankin, Executive Vice President and Chief Financial Officer of Waste Management, Inc., voluntarily resigned effective November 1, 2025, after 23 years of service including nearly nine years as CFO, and served as an executive advisor through March 13, 2026. On March 13, 2026, she received a $1 million cash transition success bonus for facilitating the CFO role transition and contributions to the Healthcare Solutions business integration. No other performance metrics or financial impacts were disclosed.
- ·Resignation effective date: November 1, 2025
- ·Executive advisor role ended: March 13, 2026
- ·Bonus pursuant to Exhibit 10.1: Transition success bonus letter agreement dated March 13, 2026
13-03-2026
Evolus, Inc. reclassified Vikram Malik from Class III to Class II director on March 13, 2026, to restore balance among board classes following Simone Blank's prior departure. Mr. Malik's service remains continuous as Chairman and Compensation Committee member, with no new equity awards or related arrangements. The board now consists of six directors, evenly split with two in each of Class I, II, and III.
- ·Mr. Malik designated as Class II director until the 2026 annual meeting of stockholders.
- ·No transactions involving Mr. Malik requiring disclosure under Item 404(a) of Regulation S-K.
13-03-2026
Zhiyi (Jonathan) Zhang resigned as President of Nature’s Miracle Holding Inc. effective February 28, 2026, and from the Board and its committees effective December 31, 2025, with no disagreements on operations, policies, or practices. Jinlong (Frank) Du was appointed to these positions by the Board, as previously disclosed in a Form 8-K filed February 9, 2026. No financial or operational impacts from the changes were disclosed.
- ·Resignation notified on February 28, 2026
- ·Board resignation effective December 31, 2025
- ·Company CIK: 0001947861; EIN: 88-3986430; Incorporated in Delaware
- ·Principal address: 3281 E. Guasti Road, Suite 175, Ontario, CA 91761
- ·Securities: Common Stock (NMHI, par value $0.0001); Warrants (NMHIW, exercise price $11.50)
13-03-2026
On March 10, 2026, the Compensation Committee of Perdoceo Education Corporation's Board of Directors approved the 2026 Annual Incentive Plan (2026 AIP), which is similar in all material respects to the 2025 AIP. The plan allocates 80% weighting to company-wide adjusted operating income performance and 20% to individual goals for senior level participants, including executive officers, with a target payout factor of 100%, threshold requirements for any payments, and a maximum cap of 200% of target value. Payouts for the individual component may be adjusted based on contributions to business objectives and overall operating income achievement.
- ·The 2026 AIP description is qualified by reference to Exhibit 10.1.
13-03-2026
Earth Science Tech, Inc. mutually agreed to renew the Employment Agreements for CFO Ernesto L. Flores and CTO Christopher A. Rose for an additional one-year term effective March 11, 2026. The original agreements were entered into on March 11, 2025, with all material terms remaining unchanged. The filing was signed by CEO and Chairman Giorgio R. Saumat on March 13, 2026.
- ·Original Employment Agreements previously disclosed on Form 8-K filed March 19, 2025
- ·Common Stock: $0.001 par value, traded as ETST on Over the Counter Bulletin Board
13-03-2026
On March 12, 2026, Optimum Communications, Inc.'s Compensation Committee approved deferred cash awards (DCAs) valued at a total of $9.375M to four key executives as part of the 2026 long-term incentive program (LTIP), with CEO Dennis Mathew receiving $5M, CFO Marc Sirota $1.75M, General Counsel Michael Olsen $1.5M, and President Michael Parker $1.125M. The DCAs represent 50% of the 2026 LTIP (replacing prior restricted stock units), while overall LTIP targets, salaries, and short-term incentive targets remain unchanged from 2025; short-term bonuses will now be assessed and paid quarterly rather than annually. Vesting occurs one-third on December 14 of 2026, 2027, and 2028, subject to continued service.
- ·DCAs qualified by reference to form of DCA agreement to be filed as exhibit to Form 10-Q for quarter ending March 31, 2026
- ·Company securities: Class A Common Stock, par value $0.01 per share (OPTU on NYSE)
13-03-2026
On March 9, 2026, the Board of Paymentus Holdings, Inc. adopted the 2026 Executive Incentive Compensation Program under the EICP, featuring 3% base salary increases for key executives including CEO Dushyant Sharma ($382,454) and CFO Sanjay Kalra ($546,364), with target bonuses ranging from 61.5% to 192.9% of base tied to FY2026 Revenue, CP, Adjusted EBITDA, and individual performance. The Board also approved RSU grants under the 2021 Equity Incentive Plan to retain key executives: 139,644 RSUs each to Kalra and CCO Jerry Portocalis, and 23,274 to General Counsel Andrew Gerber, vesting one-fifth after one year and quarterly thereafter.
- ·RSUs vest with one-fifth on the one-year anniversary (March 9, 2027) and one-twentieth quarterly thereafter starting August 15, 2027, on February 15, May 15, August 15, and November 15.
- ·Bonus payments require employment through payment date post-2026 audited financials approval; minimum thresholds for at least two financial components needed.
- ·Individual performance payout ranges from 0% to 120% as determined by Compensation Committee; up to additional 10% payout if Revenue/CP or EBITDA metrics exceed 100% of target.
13-03-2026
Avidbank Holdings, Inc. (NASDAQ:AVBH) announced on March 11, 2026, that Keith Jensen, a veteran CFO with experience at Fortinet and enterprises exceeding $5B in revenue, has joined its Board of Directors. Chairman and CEO Mark D. Mordell stated that Jensen's expertise in technology, finance, governance, and compliance will support the bank's growth. The announcement highlights Jensen's skills in strategic capital raising, multinational operations, and acquisitions, with no financial metrics or period comparisons disclosed.
- ·Avidbank specializes in commercial & industrial lending, venture lending, structured finance, asset-based lending, sponsor finance, fund finance, and real estate construction and commercial real estate lending.
- ·Headquartered in San Jose, California.
- ·Contact: Patrick Oakes, 408-200-7390, IR@avidbank.com
13-03-2026
Duluth Holdings Inc. entered into the First Amendment to CEO Stephanie L. Pugliese's employment agreement effective March 9, 2026, providing a single fiscal 2026 equity grant vesting ratably over three years with the same minimum grant date fair value as originally planned. In a separate action, the company amended Chairman Stephen L. Schlecht's employment agreement effective March 16, 2026, extending his term through the 2028 annual shareholder meeting but reducing his annual base salary from $275,000 to $100,000 while maintaining bonus targets at 50% and maximums at 75% of base salary for fiscal years 2026-2028.
- ·Pugliese equity grant vests ratably on first, second, and third anniversaries subject to continuous employment
- ·Schlecht bonus prorated for fiscal year 2028
- ·Amendments filed as Exhibits 10.1 and 10.2
13-03-2026
On March 12, 2026, John Page, Senior Vice President of Global Services at Keysight Technologies, Inc., announced his intent to step down and retire before the fiscal year-end on October 31, 2026, citing personal reasons with no disagreements with the company. The event was disclosed in an 8-K filing on March 13, 2026, signed by Jeffrey K. Li, Senior Vice President, General Counsel, and Secretary.
- ·John Page has served as Senior Vice President since November 2015.
- ·Keysight's fiscal year ends on October 31.
13-03-2026
On March 10, 2026, Joseph R. Hanley, Senior Vice President – Strategy and Corporate Development of Telephone and Data Systems, Inc. (TDS), notified the company of his intention to retire effective July 1, 2026, or such other date as mutually agreed. The 8-K filing was submitted on March 13, 2026, under Item 5.02. No successor has been named in the filing.
- ·TDS principal executive offices: 30 North LaSalle Street, Suite 4000, Chicago, Illinois 60602
- ·TDS telephone number: (312) 630-1900
13-03-2026
On March 11, 2026, AMC Networks Inc. appointed Kristin A. Dolan, its Chief Executive Officer, as a new Class B Director, increasing the Board size from 11 to 12 members. The company also entered into a new employment agreement with Kim Kelleher, President and Chief Commercial Officer, effective the same date through March 31, 2029, featuring a minimum annual base salary of $1.8M effective January 1, 2026, a target bonus of 150% of salary, and expected annual equity/cash grants of at least $1.4M.
- ·Employment agreement includes severance of at least 2x sum of base salary and target bonus upon qualifying termination, plus accelerated vesting of incentives.
- ·Noncompetition covenant restricts Kim Kelleher from competitive activities for one year post-termination if before March 31, 2029.
13-03-2026
On March 10, 2026, Justin Borus resigned from the board of directors of Barfresh Food Group Inc., a position he held since his initial appointment on April 29, 2020, during which he served on the Compensation Committee. The resignation was not due to any disagreement with the company. No replacement director was announced in the filing.
- ·Company address: 3600 Wilshire Boulevard Suite 1720, Los Angeles, California 90010
- ·Common Stock traded on The Nasdaq Stock Market LLC under symbol BRFH with $0.000001 par value
13-03-2026
Hexcel Corporation (NYSE: HXL) appointed James (Jamie) Coogan as Executive Vice President and Chief Financial Officer effective May 1, 2026, succeeding Mike Lenz, who served as interim CFO and will transition to Senior Advisor. Coogan brings over 20 years of finance, accounting, and investor relations experience, most recently as CFO at Axcelis Technologies (Nasdaq: ACLS) since September 2023 and previously 15 years at Kaman Corporation. Chairman, CEO, and President Tom Gentile highlighted Coogan's aerospace and defense expertise to support growth amid rising commercial aircraft production and expanding defense markets.
- ·Coogan holds an MBA from Yale School of Management, M.S. in Accounting, and B.S. in Business Administration, Accounting from University of Connecticut.
- ·Coogan's prior roles at Kaman included Vice President Investor Relations and Corporate Development, Assistant VP External Reporting and SEC Compliance.
- ·Hexcel provides materials for commercial aerospace, defense and space, and industrial applications.
13-03-2026
Mitesco, Inc. announced key executive appointments: Brian Valania joins the Board of Directors as CEO and CFO, replacing Jim Clifton on the board and succeeding Mack Leath, who remains Chairman. The company is advancing growth via Centcore, LLC data centers and Vero Technology Ventures, LLC software platforms like RoboAgent and Sportzfolio, while evaluating acquisitions and target data center sites between Washington D.C. and New York City, plus a Middle East location. An interview with Valania on SmallCap Voice provides further strategy details.
- ·Data center target sites: one between Washington D.C. and New York City; one in the Middle East (early evaluation).
- ·Interview link: https://youtu.be/LvzZDqd-97o
- ·Investor contact: Jimmy Caplan (512) 329-9505
- ·Company contact: Brian Valania (610) 888-7509
13-03-2026
Cyber App Solutions Corp. (CYRB) appointed Fred W. Schoenhut as a new director effective March 9, 2026, expanding the Board to four members. Mr. Schoenhut offers over 40 years of leadership in global commodities markets, including as Chairman of NYBOT (now ICE Futures U.S.) and a director of Intercontinental Exchange (ICE). No related arrangements, family ties, or reportable transactions exist.
- ·Appointment filed under Item 5.02 of Form 8-K on March 13, 2026, reporting event of March 9, 2026.
- ·Mr. Schoenhut to receive standard non-employee director compensation per 2024 proxy statement filed October 29, 2024.
- ·Mr. Schoenhut holds B.S. in Electrical Engineering from Clarkson University.
13-03-2026
Lakshmi Mittal, a member of the Board of Directors of The Goldman Sachs Group, Inc., tendered his retirement effective at the 2026 Annual Meeting of Shareholders, in accordance with the Board's age-based retirement policy under Corporate Governance Guidelines. The Board accepted his retirement on March 9, 2026. No other changes or compensatory arrangements were disclosed.
- ·Company incorporated in Delaware; Commission File Number 001-14965; IRS Employer ID No. 13-4019460.
- ·Principal executive offices: 200 West Street, New York, N.Y. 10282; Telephone: (212) 902-1000.
- ·Filing signed on March 13, 2026.
13-03-2026
Stan Erickson, former Class II director and Lead Independent Director of Titan Machinery Inc., resigned and retired from the Board effective March 11, 2026, consistent with a waiver of the Board's age-based retirement policy granted in September 2025. The Board elected Jody Horner as the new Lead Independent Director. No other changes or financial impacts were disclosed.
- ·Resignation aligns with waiver of age-based retirement policy granted in September 2025.
- ·Filing signed by Robert Larsen, CFO, on March 13, 2026.
13-03-2026
On March 10, 2026, Orgenesis Inc. elected Adam Pelavin and Yaron Adler to its Board of Directors, fixing the board size at four members; Pelavin joins the audit committee and Adler the compensation committee, with each entitled to a $30,000 annual retainer and options for 625 shares. The company also appointed Doug Karriker as Chief Financial Officer effective immediately, with an annual salary of $160,000. No related-party transactions or family relationships were disclosed.
- ·New directors Pelavin and Adler previously served on the Company's Board.
- ·Karriker's prior experience: Financial Controller at Orgenesis US Subsidiaries (Sep 2023-Current), Director-Finance Operations at Genixus Corp. (Sep 2022-Aug 2023), CFO at DataTech Global, LLC (May 2012-Sep 2022).
- ·Company's common stock trades on OTC Expert Market tier following delisting from Nasdaq (historical moves: OTCQX Oct 21, 2024; Pink Limited Jun 3, 2025; Expert Market Jul 29, 2025).
13-03-2026
Wheeler Real Estate Investment Trust, Inc. confirmed its CFO's departure on March 13, 2026, with a search underway for a replacement, and appointed Patrick Gundlach as Chief Accounting Officer and Treasurer effective March 14, 2026. Board member Kerry Campbell resigned effective March 14, 2026, to focus on subsidiary Cedar Realty Trust, with no disagreements noted. Rebecca Musser was designated Audit Committee Chair, and Sydney Schlimgen was appointed Corporate Secretary, both effective March 14, 2026.
- ·Patrick Gundlach, 44, employed since 2018 as Director of Financial Reporting; CPA with BBA in Accounting from James Madison University.
- ·No arrangements, understandings, family relationships, or material interests under Item 404(a) for Mr. Gundlach.
- ·Ms. Musser qualifies as 'audit committee financial expert' per SEC regulations.
- ·Event reported as of March 10, 2026; filing dated March 13, 2026.
13-03-2026
Comstock Holding Companies, Inc. (Nasdaq: CHCI) announced the voluntary retirement of longtime board member Robert P. Pincus, effective at the Annual Meeting of Stockholders on June 17, 2026, after serving since June 2005. Chairman and CEO Christopher Clemente expressed gratitude for Pincus's strategic guidance and financial expertise during the company's transformation from residential homebuilder to commercial real estate developer. The company manages a portfolio of approximately 10 million square feet of mixed-use and transit-oriented properties in the Washington, D.C. region.
- ·Robert P. Pincus joined the Board in June 2005 and served for two decades.
- ·Annual Meeting of Stockholders scheduled for June 17, 2026.
- ·Mr. Pincus retired from EagleBank as Vice Chairman in 2016.
13-03-2026
U.S. Physical Therapy, Inc. (USPH) established the 2026 Objective Long-Term Incentive Plan (Objective LTIP) effective March 9, 2026, for key executives including the CEO, President/COO-East, EVP/General Counsel, and COO-West, tying RSU grants in Q1 2027 to 2026 Adjusted EBITDA performance thresholds of $101.6M (threshold, 50% payout), $105.6M (target, 100% payout), and $108.24M (maximum, 150% payout). Target RSU awards are CEO: 12,752; President/COO-East: 5,613; COO-West: 5,080; and EVP: 4,314, vesting evenly over 16 quarters from May 20, 2027, to March 6, 2030. No performance shortfalls or declines are noted as this is a forward-looking incentive structure.
- ·RSUs granted subject to continued employment from March 9, 2026, through grant date unless per employment agreement.
- ·Vesting acceleration upon Qualified Retirement (age 65 + 8 years service, 9 months prior notice); shares and dividend equivalents paid 6 months post-termination.
- ·Adjusted EBITDA defined as net income attributable to USPH shareholders before interest income/expense, taxes, depreciation, amortization, changes in revaluation of put-right liability, equity-based compensation, impairments, extraordinary items, and non-controlling interests portion.
- ·Dividend equivalents credited on RSUs, paid in cash upon settlement.
13-03-2026
At F5, Inc.'s annual shareholder meeting on March 12, 2026, shareholders elected eight directors to serve until the fiscal 2026 annual meeting, approved the 2026 Incentive Award Plan authorizing 3,500,000 new shares plus rollover shares, approved an advisory vote on named executive officer compensation, and ratified PricewaterhouseCoopers LLP as independent auditors for fiscal 2026. All proposals passed with majority support, including strong approval for auditors (47.4M for vs. 4.5M against) and executive compensation (44.8M for vs. 3.5M against), though the Incentive Plan saw notable opposition (32.4M for vs. 16.1M against out of 48.5M votes cast). A total of 52,050,157 shares were present in person or by proxy.
- ·Director election votes (For/Against/Abstain/Broker Non-Votes): Marianne N. Budnik (48,062,073/466,581/21,064/3,500,439); Elizabeth L. Buse (46,282,811/2,241,662/25,245/3,500,439); François Locoh-Donou (45,986,595/2,363,207/199,916/3,500,439).
- ·Incentive Plan approval: 32,363,363 For, 16,116,797 Against, 69,558 Abstain.
- ·Advisory vote on NEO compensation: 44,809,245 For, 3,486,265 Against, 254,208 Abstain.
- ·Auditor ratification: 47,386,756 For, 4,534,667 Against, 128,734 Abstain.
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