Sinda Ltd.: chief financial officer departs; interim CFO named; new director

What happened

• The company announced that Luis Barreto ceased serving as chief financial officer effective Oct 13, 2026. In connection with Mr. Barreto’s departure, the company appointed Scott Cole, currently vice president of finance, as interim chief financial officer and principal financial officer effective as of the Separation Date; Mr. Cole will continue to serve as vice president of finance and principal accounting officer. On Oct 12, 2026, the company increased the size of the board to nine members and appointed Alberto C. Zinser as a director.

Key details

• Luis Barreto’s departure is not related to any disagreement with the company or any matters relating to the company’s financial statements, operations, policies, or practices; Separation Date: Oct 13, 2026.
• Scott Cole has more than 30 years of experience in finance, accounting, treasury and operational finance leadership, holds an MBA in accounting and a BBA in finance, and is a certified public accountant; there is no arrangement or understanding between Mr. Cole and any other person related to his appointment, no family relationships with company officers or directors, and no material interest to disclose under Item 404(a) of Regulation S-K.
• The board was increased to nine members on Oct 12, 2026; Alberto C. Zinser, age 61, was appointed and will receive compensation under the company’s non-employee director program and will enter into a customary indemnification agreement; there is no arrangement or understanding regarding his selection, no family relationships with company officers or directors, and no material interest to disclose under Item 404(a) of Regulation S-K.

Why it may matter

• The filing reports Item 5.02 (departure and appointment of certain officers and directors, and compensatory arrangements of certain officers). A filing does not show why the insider traded or why the company acted.