GMR Solutions Inc 10-Q for FY2026 Q2

GMR Solutions Inc. (GMRS)

10-Q 2026-08-12 For: 2026-06-30

Added on August 12, 2026

About this 10-Q

GMR Solutions Inc filed this 10-Q on August 12, 2026, covering the quarter ended June 30, 2026 (FY2026 Q2).

Headline figures

Quarter ended June 30, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $1.49B; up 3.3% from $1.44B a year earlier
Net loss: $28.28M; compared with net income of $80.76M a year earlier
Diluted EPS: -$1.84; compared with $0.27 a year earlier

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Delaware		47-3615769
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
4400 Hwy 121, Suite 700 Lewisville, TX (Address of principal executive offices)		75056 (Zip Code)

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Class A common stock, par value $0.0001 per share		GMRS		New York Stock Exchange


Large accelerated filer	☐	Accelerated filer	☐

Non-accelerated filer	☒	Smaller reporting company	☐

		Emerging growth company	☐

	Page

Part I – FINANCIAL INFORMATION	2

Item 1. Financial Statements	2
Condensed Consolidated Balance Sheets	2
Condensed Consolidated Statements of Operations	3
Condensed Consolidated Statements of Mezzanine Equity and Stockholders’ Equity	4
Condensed Consolidated Statements of Cash Flows	5
Notes to the Unaudited Financial Statements	6
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	24
Item 3. Quantitative and Qualitative Disclosures About Market Risk	43
Item 4. Controls and Procedures	43

Part II – OTHER INFORMATION	44

Item 1. Legal Proceedings	44
Item 1A. Risk Factors	44
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	44
Item 3. Defaults Upon Senior Securities	44
Item 4. Mine Safety Disclosures	44
Item 5. Other Information	44
Item 6. Exhibits	45

SIGNATURES	47


	June 30,			December 31,
	2026			2025
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	420,001		$	609,349
Insurance collateral		76,755			78,608
Accounts receivable, net		1,166,369			1,094,814
Spare parts, medical supplies and fuel		127,819			115,725
Prepaid expenses		84,663			105,014
Other current assets		147,372			128,571
Total current assets		2,022,979			2,132,081
Property and equipment, net of accumulated depreciation of $1,303,633 and $1,223,603 at June 30, 2026 and December 31, 2025, respectively		1,411,068			1,361,278
Operating right-of-use assets		216,206			203,258
Finance right-of-use assets		84,239			85,030
Intangible assets, net		1,171,914			1,204,237
Goodwill		2,180,581			2,180,581
Other assets		342,271			315,580
Total assets	$	7,429,258		$	7,482,045
LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable		64,054			60,047
Accrued wages, benefits and taxes		277,499			339,710
Accrued interest		24,648			75,655
Other accrued liabilities		408,742			363,160
Current portion of lease obligations		79,672			78,717
Current portion of long-term debt		151,231			147,140
Total current liabilities		1,005,846			1,064,429
Operating lease obligations		182,105			171,880
Finance lease obligations		75,578			74,943
Long-term debt		4,266,377			4,898,769
Deferred income taxes		209,129			209,067
Tax receivable agreement liability		468,414			—
Insurance reserves		332,839			312,069
Other long-term liabilities		99,707			101,593
Total liabilities		6,639,995			6,832,750
Commitments and contingencies
Mezzanine equity:
Redeemable preferred stock		—			445,140
Total mezzanine equity		—			445,140
Stockholders' equity:
Class A Common stock, $0.0001 par value, 1,200,000,000 and 200,000,000 shares authorized, 54,021,711 and 22,096,835 shares issued and 54,021,711 and 21,675,837 outstanding, respectively, as of June 30, 2026 and December 31, 2025		5			2
Class B Common stock, $0.0001 par value, 300,000,000 and no shares authorized and no shares issued or outstanding, respectively, as of June 30, 2026 and December 31, 2025		—			—
Additional paid-in capital		963,270			456,466
Retained earnings (deficit)		(181,434)			(259,492)
Accumulated other comprehensive income (loss)		7,422			7,179
Total stockholders' equity (deficit)		789,263			204,155
Total liabilities, mezzanine equity and stockholders' equity	$	7,429,258		$	7,482,045


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Net revenue	$	1,490,286	$	1,442,011	$	2,947,862	$	2,809,418
Operating expenses:
Employee wages, benefits and taxes		924,522		742,617		1,694,528		1,477,375
Maintenance, fuel and other direct expenses		136,417		112,617		255,037		224,428
Insurance expense		50,877		51,301		93,856		84,953
Other operating expenses		231,900		220,908		459,994		436,714
Depreciation and amortization		76,956		72,507		152,323		147,634
Impairment of assets held for sale and other investments		—		—		—		14,100
Acquisition, integration and other charges		12,925		1,055		16,537		5,356
Total operating expenses		1,433,597		1,201,005		2,672,275		2,390,560
Operating income		56,689		241,006		275,587		418,858
Interest expense, net		76,848		108,516		160,022		222,201
Equity in (earnings) losses of unconsolidated affiliates		(436)		(272)		(899)		(2,574)
Other (income) loss, net		(425)		10,468		(6,769)		9,546
Net income (loss) before income taxes		(19,298)		122,294		123,233		189,685
Income tax (benefit) expense		8,980		41,533		45,175		70,900
Net income (loss)	$	(28,278)	$	80,761	$	78,058	$	118,785

Net income (loss) available to common stockholders per share:
Basic	$	(1.84)	$	0.87	$	(1.35)	$	0.84
Diluted	$	(1.84)	$	0.27	$	(1.35)	$	0.26

Weighted-average common shares outstanding:
Basic		62,678,438		45,554,662		54,304,118		45,552,980
Diluted		62,678,438		148,265,105		54,304,118		148,084,828

Comprehensive income (loss):
Net income (loss)		(28,278)		80,761		78,058		118,785
Other comprehensive income (loss)
Unrealized holding gains (losses) on investments		837		371		313		839
Deferred income tax benefit (expense), net		(186)		(82)		(70)		(186)
Total other comprehensive income (loss), net of income tax		651		289		243		653
Comprehensive income (loss)	$	(27,627)	$	81,050	$	78,301	$	119,438


												Accumulated						Redeemable
	Class A					Additional						Other				Total		Preferred
	Common Stock					Paid-in			Retained			Comprehensive			Stockholders'			Stock
	Shares		Amount			Capital			Earnings			Income (Loss)			Equity			Shares		Amount
Balance at December 31, 2024	21,675,837		$	2		$	648,761		$	(465,719)		$	4,951		$	187,995		962,632		$	777,388
Stock-based compensation expense	—			—			520			—			—			520		—			—
Issuance of shares under stock award plan, net of shares withheld for cash taxes paid	148,750			—			498			—			—			498		—			—
Net income (loss)	—			—			—			38,024			—			38,024		—			—
Other comprehensive income (loss), net of tax benefit (expense) of ($0.1) million	—			—			—			—			364			364		—			—
Balance at March 31, 2025	21,824,587		$	2		$	649,779		$	(427,695)		$	5,315		$	227,401		962,632		$	777,388
Stock-based compensation expense	—			—			902			—			—			902		—			—
Repurchase of common stock	(10,533)			—			(86)			—			—			(86)		—			—
Issuance of shares under stock award plan, net of shares withheld for cash taxes paid	—			—			1			—			—			1		—			—
Net income (loss)	—			—			—			80,761			—			80,761		—			—
Other comprehensive income (loss), net of tax benefit (expense) of ($0.1) million	—			—			—			—			289			289		—			—
Balance at June 30, 2025	21,814,054		$	2		$	650,596		$	(346,934)		$	5,604		$	309,268		962,632		$	777,388

Balance at December 31, 2025	22,096,835		$	2		$	456,466		$	(259,492)		$	7,179		$	204,155		551,212		$	445,140
Redemption of redeemable preferred stock	—			—			(97,323)			—			—			(97,323)		(189,050)			(152,671)
Stock-based compensation expense	—			—			(91)			—			—			(91)		—			—
Net income (loss)	—			—			—			106,336			—			106,336		—			—
Other comprehensive income (loss), net of tax benefit (expense) of $0.1 million	—			—			—			—			(408)			(408)		—			—
Balance at March 31, 2026	22,096,835		$	2		$	359,052		$	(153,156)		$	6,771		$	212,669		362,162		$	292,469
Redemption of redeemable preferred stock	—			—			(192,548)			—			—			(192,548)		(362,162)			(292,469)
Stock-based compensation expense	—			—			132,602			—			—			132,602		—			—
Issuance of shares under stock award plan, net of shares withheld for cash taxes paid	9,983			—			72			—			—			72		—			—
Issuance of warrants to purchase common stock	—			—			685,716			—			—			685,716		—			—
Issuance of common stock on initial public offering, net of underwriting discounts and commissions, and offering-related expenses of $31.9 million.	31,914,893			3			446,789			—			—			446,792		—			—
Execution of tax receivable agreement	—			—			(468,413)			—			—			(468,413)		—			—
Net income (loss)	—			—			—			(28,278)			—			(28,278)		—			—
Other comprehensive income (loss), net of tax benefit (expense) of ($0.2) million	—			—			—			—			651			651		—			—
Balance at June 30, 2026	54,021,711		$	5		$	963,270		$	(181,434)		$	7,422		$	789,263		—		$	—


	Three Months Ended						Six Months Ended
	June 30,						June 30,
(in thousands, except share and per share amounts)	2026			2025			2026			2025
Net income (loss)	$	(28,278)		$	80,761		$	78,058		$	118,785
Undeclared dividends on redeemable preferred stock		(8,737)			(40,986)			(32,676)			(80,490)
Loss on redemption of redeemable preferred stock		(78,427)			—			(118,501)			—
Net income (loss) available to common stockholders		(115,442)			39,775			(73,119)			38,295

Weighted-average common shares outstanding:
Basic		62,678,438			45,554,662			54,304,118			45,552,980
Dilutive impact of stock awards outstanding		—			3,042,388			—			2,863,817
Dilutive impact of warrants to purchase common stock outstanding		—			99,668,055			—			99,668,031
Diluted		62,678,438			148,265,105			54,304,118			148,084,828

Net income (loss) available to common stockholders per share:
Basic	$	(1.84)		$	0.87		$	(1.35)		$	0.84
Diluted	$	(1.84)		$	0.27		$	(1.35)		$	0.26


		June 30, 2026		December 31, 2025
Operating Leases:
Operating right-of-use assets		$	216,206	$	203,258

Current portion of operating lease obligations		$	58,833	$	56,893
Operating lease obligations			182,105		171,880
Total operating lease liabilities		$	240,938	$	228,773

Finance Leases:
Finance right-of-use assets		$	164,621	$	164,826
Accumulated amortization			(80,382)		(79,796)
Finance right-of-use assets, net		$	84,239	$	85,030

Current portion of finance lease obligations		$	20,839	$	21,824
Finance lease obligations			75,578		74,943
Total finance lease liabilities		$	96,417	$	96,767

Weighted Average Remaining Lease Term (in years):
Operating leases			5.73		5.82
Finance leases			7.42		7.21

Weighted Average Discount Rate:
Operating leases			7.27%		7.68%
Finance leases			5.87%		5.94%


		Maturities of Lease Liabilities
Year Ending December 31,		Operating Leases			Finance Leases			Total
2026		$	39,836		$	16,817		$	56,653
2027			62,936			18,706			81,642
2028			49,577			22,374			71,951
2029			41,142			12,446			53,588
2030			29,955			14,968			44,923
Thereafter			72,152			35,717			107,869
Total lease payments		$	295,598		$	121,028		$	416,626
Less: Amount representing interest			(54,660)			(24,611)			(79,271)
Total			240,938			96,417			337,355
Less: Current lease obligation payments			(58,833)			(20,839)			(79,672)
Total long-term lease obligations		$	182,105		$	75,578		$	257,683


		Weighted Average
Amortizable Intangible Assets	Estimated Useful Life	Amortization Period
Membership lists	15 years	3.8
Customer relationships	10-20 years	11.6
Trade names	10 years	1.5
Non-compete and other	10-15 years	2.4


		June 30, 2026								December 31, 2025
		Gross						Net		Gross						Net
		carrying			Accumulated			carrying		carrying			Accumulated			carrying
		amount			amortization			amount		amount			amortization			amount
Amortizable intangible assets
Customer relationships		$	1,220,060		$	(633,222)		$	586,838	$	1,220,060		$	(604,508)		$	615,552
Membership lists			92,000			(68,540)			23,460		92,000			(65,473)			26,527
Trade names			73,318			(71,801)			1,517		73,318			(71,302)			2,016
Non-compete and other			7,197			(6,998)			199		7,197			(6,955)			242
Total amortizing intangible assets			1,392,575			(780,561)			612,014		1,392,575			(748,238)			644,337

Non-amortizable intangible assets
Trade names			540,300			—			540,300		540,300			—			540,300
Certificates of need			19,600			—			19,600		19,600			—			19,600
Total non-amortizing intangible assets			559,900			—			559,900		559,900			—			559,900

Total intangibles, net		$	1,952,475		$	(780,561)		$	1,171,914	$	1,952,475		$	(748,238)		$	1,204,237


		June 30, 2026
Description		Level 1			Level 2			Level 3			Total
Assets:
Available-for-sale securities		$	56,270		$	—		$	—		$	56,270
Marketable equity securities			13,287			—			—			13,287
Interest rate swap			—			15,001			—			15,001
Liabilities:
Contingent consideration			—			—			2,835			2,835
Cash-settled performance stock unit liability			—			—			50,000			50,000


	June 30, 2026		December 31, 2025
Available-for-sale securities:
U.S. Treasuries	$	9,226	$	2,778
Corporate and municipal bonds		47,044		43,769
Preferred or fixed rate cap securities		—		4,903
Total available-for-sale securities		56,270		51,450
Marketable equity securities		13,287		14,213
Cash deposits and other		7,198		12,945
Insurance Collateral	$	76,755	$	78,608


	June 30, 2026
	Cost Basis			Gross Unrealized Gains			Gross Unrealized Losses			Fair Value
Description:
U.S. Treasuries	$	9,280		$	—		$	(54)		$	9,226
Corporate and municipal bonds		46,858			586			(400)			47,044
Total available-for-sale securities		56,138			586			(454)			56,270
Marketable equity securities		11,645			1,899			(257)			13,287
Total securities	$	67,783		$	2,485		$	(711)		$	69,557


	Six Months Ended June 30,
	2026		2025
Cash flows from operating activities:
Net income (loss)	$	78,058	$	118,785
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization		152,323		147,634
Amortization of deferred financing costs and debt discount		4,777		8,188
Paid-in-kind interest on long-term debt		—		15,579
Impairment of assets held for sale and other investments		—		14,100
(Gain) loss on divestiture of businesses		—		3,837
Stock-based compensation expense		132,511		1,422
Liability classified stock awards		—		4,169
Loss (gain) on disposal of property and equipment		1,855		5,290
Unrealized loss (gain) on marketable equity securities		873		784
Deferred income taxes		(8)		(4)
Other, net		(7,800)		3,645
Changes in assets and liabilities, net of effects of acquisitions
Accounts receivable, net		(71,555)		(54,923)
Accounts payable		4,007		8,923
Accrued wages, benefits and taxes		(62,806)		(20,553)
Accrued interest		(51,007)		27,138
Accrued liabilities		43,952		(60,027)
Other assets and liabilities, net		(7,854)		(5,314)
Net cash provided by (used in) operating activities		217,326		218,673

Cash flows from investing activities:
Proceeds from divestiture of businesses		—		2,819
Proceeds from asset disposals related to sales and insurance recoveries		1,323		633
Purchases of property and equipment		(137,989)		(111,600)
Net change in investments held as insurance collateral		(572)		(1,857)
Purchases of marketable securities		(64,563)		(20,300)
Sales and maturities of marketable securities		60,678		25,956
Other investing activities, net		14,675		(3,347)
Net cash provided by (used in) investing activities		(126,448)		(107,696)

Cash flows from financing activities:
Payments on finance lease obligations		(6,401)		(7,473)
Principal payments on long-term debt		(750,351)		(76,100)
Proceeds from issuance of long-term debt		73,037		77,026


		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Medicare		$	370,660		$	341,758		$	719,131		$	685,644
Medicaid			122,145			107,975			246,111			223,730
Commercial insurance and managed care (excluding Medicare and Medicaid managed care)			781,842			828,040			1,606,258			1,577,808
Other third-party payors			135,250			91,648			231,999			178,856
Self-pay			26,012			26,184			49,336			55,810
Net transport revenue			1,435,909			1,395,605			2,852,835			2,721,848
Complementary Revenue			54,377			46,406			95,027			87,570
Net revenue		$	1,490,286		$	1,442,011		$	2,947,862		$	2,809,418


		Three Months Ended June 30,						Six Months Ended June 30,
		2026			2025			2026			2025
Operating lease cost		$	20,461		$	19,515		$	40,619		$	38,841
Short-term lease cost			1,365			1,152			2,654			2,245

Finance lease cost:
Amortization of right-of-use assets			3,375			3,855			6,989			7,946
Interest on lease liabilities			1,426			1,297			2,890			2,642
Total finance lease cost			4,801			5,152			9,879			10,588
Total lease costs		$	26,627		$	25,819		$	53,152		$	51,674


		June 30,			December 31,
		2026			2025
Insurance reserves		$	133,303		$	112,606
Deferred membership revenue			54,029			52,141
Quality assurance fee programs			46,691			22,484
Accrued aircraft engines and parts			19,149			12,970
Patient refunds			18,657			22,880
Accrued legal fees and settlements			8,406			6,379
Other			128,507			133,700
Total other accrued liabilities		$	408,742		$	363,160


		For the Three Months Ended							For the Three Months Ended
		June 30, 2026							June 30, 2025
		Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount			Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Unrealized holding gains (losses) on investments		$	837	$	(186)	$	651		$	371	$	(82)	$	289
Other comprehensive income (loss)		$	837	$	(186)	$	651		$	371	$	(82)	$	289


		For the Six Months Ended							For the Six Months Ended
		June 30, 2026							June 30, 2025
		Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount			Before Tax Amount		Tax Benefit (Expense)		Net of Tax Amount
Unrealized holding gains (losses) on investments		$	313	$	(70)	$	243		$	839	$	(186)	$	653
Other comprehensive income (loss)		$	313	$	(70)	$	243		$	839	$	(186)	$	653


Accumulated Other Comprehensive Income (Loss)	Unrealized holding gains (losses) on investments		Defined benefit pension plan net gains (loss)		Total
Balance at December 31, 2024	$	(1,199)	$	6,150	$	4,951
Other comprehensive income (loss) before reclassification		(441)		—		(441)
Amounts reclassified from accumulated other comprehensive income (loss)		805		—		805
Balance at March 31, 2025	$	(835)	$	6,150	$	5,315
Other comprehensive income (loss) before reclassification		(1,130)		—		(1,130)
Amounts reclassified from accumulated other comprehensive income (loss)		1,419		—		1,419
Balance at June 30, 2025	$	(546)	$	6,150	$	5,604

Balance at December 31, 2025	$	(129)	$	7,308	$	7,179
Other comprehensive income (loss) before reclassification		(1,106)		—		(1,106)
Amounts reclassified from accumulated other comprehensive income (loss)		698		—		698
Balance at March 31, 2026	$	(537)	$	7,308	$	6,771
Other comprehensive income (loss) before reclassification		521		—		521
Amounts reclassified from accumulated other comprehensive income (loss)		130		—		130
Balance at June 30, 2026	$	114	$	7,308	$	7,422


	June 30, 2026									December 31, 2025
	Other Accrued			Insurance			Total			Other Accrued			Insurance			Total
	Liabilities			Reserves			Liability			Liabilities			Reserves			Liability
Automobile	$	53,066		$	104,788		$	157,854		$	36,122		$	79,196		$	115,318
Workers' compensation		41,656			106,962			148,618			39,111			99,205			138,316
General/ Professional Liability		38,581			121,089			159,670			37,373			133,668			171,041
	$	133,303		$	332,839		$	466,142		$	112,606		$	312,069		$	424,675


		Incorporation by Reference
Exhibit No.	Description of Exhibits	Form	Exhibit	Filing Date

3.1	Amended and Restated Certificate of Incorporation of GMR Solutions Inc.	8-K	3.1	May 18, 2026

3.2	Second Amended and Restated Bylaws of GMR Solutions Inc.	8-K	3.2	May 18, 2026

4.1	Form of 2026 Warrant to Purchase Shares of Class A Common Stock of the Registrant.	S-1/A	4.5	May 4, 2026

4.2	Form of 2026 Warrant to Purchase Shares of Class B Common Stock of the Registrant.	S-1/A	4.6	May 4, 2026

4.3	Amended and Restated Registration Rights Agreement, dated as of May 12, 2026, by and among GMR Solutions Inc. and each of the other persons from time to time party thereto.	8-K	4.1	May 18, 2026

10.1	Tax Receivable Agreement, dated as of May 14, 2026, by and among GMR Solutions Inc. and each of the other persons from time to time party thereto.	8-K	10.1	May 18, 2026

10.2	Amended and Restated Stockholders’ Agreement, dated as of May 12, 2026, by and among GMR Solutions Inc. and the stockholders party thereto.	8-K	10.2	May 18, 2026

10.3	Private Placement Investment Agreement, dated as of May 12, 2026, by and among GMR Solutions Inc., Pegasus Aggregator Holdco LLC, each of the Ares Investors party thereto and SIP V GMR Holdings II, L.P.	8-K	10.3	May 18, 2026

10.4	Exchange Agreement, dated as of May 12, 2026, by and between GMR Solutions Inc. and KKR Aggregator Holdco LLC.	8-K	10.4	May 18, 2026

10.5†	GMR Solutions Inc. 2026 Equity Incentive Plan.	S-8	4.4	May 13, 2026

10.6†	Form of Director Restricted Stock Unit Agreement under the 2026 Equity Incentive Plan.	S-1/A	10.22	May 4, 2026

10.7†	Form of Employee Restricted Stock Unit Agreement under the 2026 Equity Incentive Plan.	S-1/A	10.23	May 4, 2026

10.8†	Form of Option Agreement under the 2026 Equity Incentive Plan.	S-1/A	10.24	May 4, 2026

10.9†	GMR Solutions Inc. Non-Employee Director Deferral Plan	S-1/A	10.25	April 28, 2026

10.10†	GMR Solutions Inc. 2026 Employee Stock Purchase Plan.	S-8	4.5	May 13, 2026


10.11	Form of Indemnification Agreement	S-1/A	10.43	April 28, 2026

31.1*	Certification of Chief Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2*	Certification of Chief Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a) and 15(d)-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1*	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2*	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS*	XBRL Instance Document - the instance document does not appear in the Interactive Data File as its XBRL tags are embedded within the Inline XBRL document.

101.SCH*	Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents

104*	Cover page formatted as Inline XBRL and contained in Exhibit 101

	GMR Solutions Inc.

Date: August 12, 2026	/s/ Nicola (Nick) Loporcaro
	Name:	Nicola (Nick) Loporcaro
	Title:	Chairman of the Board of Directors and Chief Executive Officer (Authorized Signatory)

Date: August 12, 2026	/s/ Brian Tierney
	Name:	Brian Tierney
	Title:	Executive Vice President and Chief Financial Officer (Principal Financial Officer)


Date: August 12, 2026
	By:	/s/ Nicola (Nick) Loporcaro
		Nicola (Nick) Loporcaro
		Chairman of the Board of Directors and Chief Executive Officer (Principal Executive Officer)

June
Date: August 12, 2026
	By:	/s/ Brian Tierney
		Brian Tierney
		Executive Vice President and Chief Financial Officer (Principal Financial Officer)