Item 5. OTHER INFORMATION.

Director and Officer Trading Arrangements. None of our directors or officers (as defined in Rule 16a-1(f) under the Exchange

Act) adopted or terminated a Rule 10b5-1 trading arrangement or adopted or terminated a non-Rule 10b5-1 trading arrangement (as

defined in Item 408(c) of Regulation S-K) during the three months ended June 30, 2025.

Disclosure provided pursuant to Item 2.05 of Form 8-K. Costs Associated with Exit or Disposal Activities. On July 21, 2025, we

approved a restructuring plan accelerating previously announced enterprise transformation activities to reduce general and administrative

costs. See Note 21 in the Notes to the consolidated and combined financial statements for information about that restructuring plan, which

information is incorporated herein by reference.

Disclosure provided pursuant to Item 5.02 of Form 8-K. Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 21, 2025, our Board of Directors elected

Scott Strazik as President, effective immediately. Mr. Strazik continues to also serve as our Chief Executive Officer and as a member of our

Board of Directors. Biographical information for Mr. Strazik is included on page 22 in our proxy statement for our 2025 Annual Meeting of

Stockholders filed with the SEC on March 28, 2025, and available on the SEC's website at www.sec.gov, and is incorporated herein by

reference.

2025 2Q FORM 10-Q 38