Corporate GovernanceApr 28, 2026, 04:23 PM
SAFX Amends 10-K to Detail Governance, Comp; Notes Delinquent Insider Filings
AI Summary
XCF Global, Inc. (SAFX) filed an Amendment No. 1 to its Form 10-K to include information for Part III, covering directors, executive officers, corporate governance, and executive compensation, which was not included in the initial filing. The amendment details the current board composition, director independence, and compensation for both directors and named executive officers for 2025. Notably, the filing also disclosed numerous delinquent Section 16(a) reports by officers, directors, and significant shareholders for 2025 and early 2026.
Key Highlights
- SAFX filed Amendment No. 1 to 10-K for Part III items (governance, compensation).
- Board of Directors has 5 members; Wray Thorn appointed Interim Chair.
- Sanford Cockrell, Si-Yeon Kim, Carter McCain are independent directors.
- Independent directors received $2,200,000 each in 2025 stock awards.
- Former CEO Mihir Dange received $507,295 salary and $717,062 stock awards in 2025.
- Current CEO Chris Cooper's annual base salary is $500,000 with 100% target bonus.
- Multiple officers, directors, and 10% shareholders had delinquent Section 16(a) reports.
Price Impact
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