Oceanhawk Acquisition Corp. Appoints Director, Expands Board

What Happened

• On August 17, 2026, Oceanhawk Acquisition Corp. announced that its Board and independent directors nominated and the Company’s Class B shareholders appointed Jimmy D. Ford as a Class III director (term expiring at the 2029 annual meeting). The Board increased its size from six to seven directors and designated Mr. Ford as an independent director. Mr. Ford was also appointed to the Audit Committee, the Compensation Committee, and the newly formed Nominating and Corporate Governance Committee.

Key Details

• Appointment date: August 17, 2026; term expires: at the Company’s third annual meeting (2029).
• Board size: increased from 6 to 7 directors.
• Committee changes: Mr. Ford added to Audit, Compensation, and Nominating & Corporate Governance Committees; Daniel Collingridge-Padbury removed from Audit Committee; Michael Maggard removed from Compensation Committee.
• Founder shares: Oceanhawk Acquisition I Sponsor LLC agreed to indirectly transfer 50,000 founder shares to Mr. Ford at their original purchase price.
• Other arrangements: Company will reimburse Mr. Ford for reasonable out-of-pocket director expenses; Mr. Ford entered into an indemnification agreement and a joinder to the Company’s director letter agreement.
• Background: Mr. Ford, age 71, has 45+ years in domestic and international oil & gas (owner of Rodeo Resources L.P. since 2013; prior roles include VP of Operations at Gulf United Energy and president/director at Bramlin RDL). Education: MBA (Texas Christian University), B.A. (Texas State University).
• Governance filing: The Board established the Nominating and Corporate Governance Committee and filed its charter (Exhibit 99.1).

Why It Matters

• Adding an experienced independent director with extensive oil & gas and international project experience could affect board oversight and strategy, particularly for industry-related matters. The transfer of 50,000 founder shares to Mr. Ford and his committee assignments are material governance changes investors should note because they affect board composition, share ownership, and committee membership. The Nominating and Corporate Governance Committee’s formation formalizes how director candidates and governance practices will be identified and reviewed going forward.