Company: HFFG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001680873-25-000006
Chunk: 125

Company: HF Foods Group Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 8
Chunk 125
---
 - Subsequent EventsAppointment of Xi (Felix) Lin as Chief Executive OfficerEffective January 1, 2025, Xi (Felix) Lin was appointed to serve as Chief Executive Officer by the Board of Directors.  Mr. Lin continues to also serve as the Company’s President. On January 3, 2025, according to the employment agreement entered into on December 16, 2024, Mr. Lin received a market-based performance stock unit award of 310,559 shares of Class A Common Stock contingent upon satisfaction of the applicable vesting conditions. The PSUs are scheduled to vest on the third anniversary of the grant date, if for at least a period of thirty consecutive trading days at any time prior to the vesting date, the closing per share price of the Issuer’s Class A Common Stock averages at least $7.00 over such thirty-day period.Credit Facility AmendedOn February 12, 2025, the Company amended certain terms and conditions of the JPM Credit Agreement. See Note 10 - Debt for additional information regarding the terms of the amendment.

70