Corporate GovernanceApr 30, 2026, 05:33 PM
TRUG Files 10-K/A to Add Governance, Comp Details
AI Summary
TruGolf Holdings, Inc. filed a Form 10-K/A to amend its Annual Report on Form 10-K, including previously omitted Part III information on corporate governance, executive compensation, and security ownership. The amendment details the board of directors, executive officers, their compensation for 2024 and 2025, and shareholdings. Key changes include Brenner Adams becoming Chairman and the resignation of B. Shaun Limbers as a director. The company also disclosed late Form 4 filings for two executives.
Key Highlights
- TRUG filed Form 10-K/A to include omitted Part III information on governance, compensation, and ownership.
- Brenner Adams became Chairman of the Board; B. Shaun Limbers resigned as Director on March 16, 2026.
- Christopher Jones' 2025 total compensation was $75,900; Nathan Larsen's was $183,803.
- Christopher Jones beneficially owns 17,976 shares (1.9% common, 18.4% voting power) as of April 15, 2026.
- Steven R. Johnson and Christopher Jones each had one late Form 4 filing in 2025.
- The Board of Directors consists of five members, with three independent directors.
- The company adopted a Dodd-Frank Restatement Recoupment Policy effective October 2, 2023.
- 2,262 shares are under outstanding options with a weighted-average exercise price of $465.00.