USBC Inc. has announced a separation agreement with its departing Chief Operating Officer, Kirk Chapman, effective December 15, 2025. Under the agreement, Mr. Chapman will receive severance benefits equal to his annual base salary of $320,000, paid in regular installments until the earlier of December 31, 2026, or the start of new employment. The company has also agreed to waive post-employment non-competition obligations for Mr. Chapman. All of his unvested option awards as of his last day will be forfeited. The agreement includes a general release of claims, non-disparagement, and confidentiality provisions.

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