Item 5. Other Information

Insider Trading Arrangements

During the three months ended June 30, 2023, none of the Company’s directors or executive officers adopted or terminated any Rule 10b5-1 trading arrangements or non-Rule 10b5-1 trading arrangements.

Frequency of Future Non-Binding Shareholder Advisory Votes on Executive Compensation

As previously reported in a Current Report on Form 8-K filed on May 26, 2023, at the Company’s 2023 Annual Meeting of Shareholders held on May 23, 2023, the Company’s shareholders approved, on a non-binding advisory basis, the holding of a non-binding shareholder advisory vote on executive compensation annually. Based on this voting result, among other factors, the Company will include a non-binding shareholder advisory vote on executive compensation in its proxy materials annually until the next required shareholder vote on the frequency of such non-binding advisory votes on executive compensation.

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