HF Foods Group Inc.: amends CEO employment and equity awards

What happened

• HF Foods Group Inc filed an 8-K reporting that on Sep 28, 2026 it entered into an amended and restated employment agreement with Felix Lin, the company's chief executive officer, and entered into employment agreements with Paul McGarry, the company's chief financial officer, and Christine Chang, the company's chief administrative officer.
• On Sep 28, 2026 the compensation committee approved an amended and restated severance plan and amendments to the forms of restricted stock unit (RSU) and performance share unit (PSU) award agreements under the 2018 Omnibus Incentive Plan and amendments to currently outstanding RSU and PSU awards.

Key details

• The CEO employment agreement amendment provides that non-renewal by the company will constitute a qualifying termination entitling Mr. Lin to severance benefits and changes the pro-rata current year bonus eligibility date on a qualifying termination from Jun 30 to Mar 31.
• The CFO and CAO employment agreements state that each executive’s prior compensation terms remain unchanged and otherwise mirror the CEO agreement as amended, except each has an initial term of 1 year.
• The severance plan amendment adds target bonus to severance benefits for the chief executive officer.
• The equity award amendments: change RSU and PSU vesting date from Apr 15 to Mar 17; increase change-in-control protection from 12 months to 24 months; provide full acceleration of unvested awards upon death or disability; and provide for pro-rata PSU payment at the end of a performance period based on actual performance upon a qualifying non-change in control termination.

Why it may matter

• Item reported: Item 5.02 (departure of directors or certain officers; election of directors) covering amendments to executive employment agreements and related severance and equity award arrangements. This filing does not show why the insider traded or why the company acted.