Company: HFFG
Filing Date: 2025-10-16
Form Type: 8-K
Source: 0001680873-25-000065
Chunk: 1

Company: HF Foods Group Inc.
Filing Date: 2025-10-16
Form: 8-K
Item: Item 5.02
Chunk 1
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 2025.

Additionally, Mr. McGarry is continuing under the terms of his existing compensation arrangement with the Company pursuant to his offer of employment, dated February 6, 2025 (the "Offer Letter"). The Offer Letter provides for (i) an annual base salary of $240,000, (ii) a discretionary annual bonus opportunity in an amount equal to 30% of his annual base salary, (iii) eligibility to receive an equity grant under the Company’s 2018 Omnibus Equity Incentive Plan (the “ Incentive Plan”), subject to annual approval by the Compensation Committee of the Board, with a target amount of 30% of Mr. McGarry's base salary.

The foregoing summary of the terms of the Offer Letter, as amended, does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Offer Letter and amendment, a copy of which are included as Exhibit 10.1 and Exhibit 10.2, respectively, to this Current Report on Form 8-K, and incorporated herein by reference.

There are no arrangements or understandings between Mr. McGarry and any other person pursuant to which Mr. McGarry was appointed to serve as Interim Chief Financial Officer of the Company. Mr. McGarry has no family relationships required to be disclosed pursuant to Item 401(d) of Regulation S-K. There are no related party transactions between the Company and Mr. McGarry which would require disclosure under Item 404(a) of Regulation S-K.

Appointment of Jeffery Taylor as a Director

Additionally, effective October 13, 2025, the Board, acting upon the recommendation of the Nominating and Governance Committee, appointed Jeffery Taylor as a director of the Company to fill a vacancy on the Board. The Board has determined that Mr. Taylor qualifies as an independent director under applicable Nasdaq rules. The Board is now composed of four independent directors, comprising a majority of the Board, and the Company’s CEO and President, Felix Lin. The Board has also appointed Mr. Taylor as a member of the Audit Committee, the Compensation Committee and the Nominating and Governance Committee, effective October 13, 2025.

Mr. Taylor has over 27 years of senior finance leadership experience across iconic blue-chip manufacturing companies, including most recently serving as VP, Chief Financial Officer and Chief Accounting Officer of Franklin Electric Co., Inc. (NASDAQ: FELE), where he led revenue growth from $1.7 billion to