Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 2, 2025, the Board of Directors of the Company appointed Peter Crawford to serve on the Board and to join the Board's Audit Committee.
Mr. Crawford most recently served as Managing Director and Advisor at Charles Schwab, a position he held from October 2024 through June 2025. Between May 2017 and October 2024, Mr. Crawford was Chief Financial Officer of Charles Schwab. Prior to serving as Chief Financial Officer, he served in a variety of senior leadership roles with the firm. Mr. Crawford joined Charles Schwab in 2001.
Mr. Crawford will participate in the Company's customary director compensation program, as described in the Company's definitive proxy statement for the 2025 Annual Meeting of Stockholders, filed with the SEC on April 17, 2025, under the heading Director Compensation.
Mr. Crawford has executed the Company's standard indemnification agreement for directors, the form of which was included as exhibit 10.14 to the Company's 2015 Annual Report on Form 10-K which was filed with the SEC on February 25, 2016.