Company: BLUWU
Filing Date: 2025-11-28
Form Type: 8-K
Source: 0001104659-25-116938
Chunk: 2

Company: Blue Water Acquisition Corp. III
Filing Date: 2025-11-28
Form: 8-K
Item: Item 5.02
Chunk 2
---
Item 5.02.      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.  

In connection with the closing of the Purchase,
on November 25, 2025, each of the Company’s then-serving directors and officers, including Joseph Hernandez, Martha F. Ross, Timothy
N. Coulson, Trevor L. Hawkins, Ish S. Dugal and Laurent D. Hermouet, resigned from their respective positions with the Company, effective
as of the closing of the transactions under the Purchase Agreement. The resignations were delivered pursuant to written resignation letters
provided to the Company and were formally accepted by the Prior Board in accordance with the terms of the Purchase Agreement through written
resolutions adopted in connection with the closing. The resignations of the above listed officers and directors were solely in connection
with the transactions contemplated by the Purchase Agreement and were not in connection with any known disagreement with the Company on
any matter.

Also in connection with and immediately prior
to the Purchase Agreement, on November 25, 2025, the Prior Sponsor, as the then-sole holder of the Class B Ordinary Shares in accordance
with the terms of the Company’s amended and restated memorandum and articles of association, elected Kevin McGurn, Devin Nunes,
Scott Glabe, Mark Angelo, and Mark Hiltwein as directors of the Company, with Mark Angelo being appointed as the Chairman of the board
of directors of the Company, with each the foregoing appointments effective as of the closing of the Purchase. The Prior Board also appointed
Kevin McGurn as Chief Executive Officer and Troy Rillo as Chief Financial Officer, each effective as of the closing of the Purchase. Biographical
information for each of the newly appointed directors and officers is set forth below.

Mark Angelo, Chairman of the Board