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disclosed on September 28, 2026, that its board of directors approved amendments to the salary continuation agreements for its chief executive officer and chief financial officer, alongside a new agreement for its president and chief operating officer.
The filings, submitted to the U.S. Securities and Exchange Commission under Form 8-K, detail specific increases in annual retirement benefits for the company's top three officers.
The Fifth Amendment to the salary continuation agreement for Laura F. Clark, the company's Chief Executive Officer, increases her annual benefit from $46,000 to $86,500.
This elevated rate applies if her separation from service occurs on or after May 1, 2027. The amendment is effective as of October 1, 2026.
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