Offerpad Solutions Inc. 8-K

What Happened

• Offerpad Solutions Inc. filed a Form 8‑K (Item 5.02) reporting that director Katie Curnutte resigned from the Board effective February 13, 2026.
• The Board, on the recommendation of its Nominating and Corporate Governance Committee, appointed Tela Mathias as a Class II director effective February 13, 2026. Her term expires at the 2026 Annual Meeting of Stockholders.

Key Details

• Resignation effective date: February 13, 2026 (Katie Curnutte).
• Appointment date: February 12, 2026 (Board action); effective February 13, 2026 (Tela Mathias).
• Term: Ms. Mathias will serve as a Class II director until the 2026 Annual Meeting or until a successor is elected.
• Committee assignments: Ms. Mathias was appointed to the Compensation Committee and the Audit Committee.
• Compensation and benefits: She will receive director pay per Offerpad’s Amended and Restated Non‑Employee Director Compensation Program and may defer cash retainers and restricted stock unit settlements under the Company’s Non‑Employee Director Deferred Compensation Plan.
• No special arrangements or related‑person transactions were reported between the Company and Ms. Mathias; she is expected to sign the standard director/officer indemnification agreement.

Why It Matters

• This filing documents a near‑term change in board composition and committee membership—important for corporate governance.
• With Ms. Mathias joining the Audit and Compensation Committees, investors may note who will participate in financial oversight and executive-compensation decisions ahead of the 2026 Annual Meeting.
• The filing contains no financial terms beyond reference to existing director compensation and deferred‑compensation plans and reports no related‑party issues.