USBC, Inc 8-K, filed Mar 24, 2026
USBC, Inc. (USBC)
8-K
2026-03-24
For: 2026-03-18
View Original
Added on
April 10, 2026
About this 8-K
USBC, Inc filed this 8-K on March 24, 2026, reporting on events of March 18, 2026.
Items reported
- Item 5.02: Director or officer change, or executive pay
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 18, 2026
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Option Repricing
On March 18, 2026, in accordance with the terms of the Amended and Restated USBC, Inc. 2021 Equity Incentive Plan (the “Amended and Restated 2021 Plan”), the Board approved the repricing of all outstanding stock options totaling 83.0 million options, including stock options held by certain of the Company’s named executive officers and directors (the “Option Repricing”). The Option Repricing reduced the exercise price of each repriced option to $0.37 per share, the closing price of the Company’s common stock, par value $0.001 per share on March 18, 2026. The Board approved the Option Repricing in order to motivate and retain optionees to devote their best efforts to develop and advance the Company for the benefit of the Company and its stockholders.
The following options held by certain of the Company’s named executive officers and directors were repriced as part of the Option Repricing:
| Name | Title | Number of Option Shares | ||||||||||||
| Kitty Payne | Chief Financial Officer | 3,750,000 | ||||||||||||
| Linda Jenkinson | Director, Vice Chair | 10,000,000 | ||||||||||||
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| USBC, INC. | |||||||||||
Date: March 24, 2026 | By: | /s/ Kitty Payne | |||||||||
| Name: | Kitty Payne | ||||||||||
| Title: | Chief Financial Officer | ||||||||||