Item 5. Other Information
On November 4, 2025, the Company and Kevin Radigan, the Company’s Chief Accounting and Financial Officer, entered into an amendment (the “Amendment”) to Mr. Radigan’s offer letter with the Company dated March 1, 2016 (as amended by the Amendment, the “Revised Agreement”) to revise the terms of Mr. Radigan’s severance benefits. Pursuant to the terms of the Amendment, if Mr. Radigan’s employment is terminated by the Company without Cause (as defined in the Revised Agreement) or if he terminates his employment for Good Reason (as defined in the Revised Agreement), Mr. Radigan shall be entitled to cash payments at an annual rate of $800,000 through November 4, 2027. The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 hereto and incorporated by reference herein.
