HF Foods Group Inc. 8-K

What Happened

• HF Foods Group (HFFG) filed an 8‑K reporting that Paul McGarry, previously Interim CFO since Oct 15, 2025, was appointed Chief Financial Officer effective January 27, 2026. The Board approved an amended CFO letter agreement that increases his base salary and sets bonus and equity targets.
• The Board also named Jeffery Taylor as Chair of the Compensation Committee (Taylor joined the Board Oct 13, 2025) and approved amendments to the company’s executive severance plan, effective January 27, 2026.

Key Details

• Paul McGarry’s new annual base salary: $375,000 (effective Jan 27, 2026).
• McGarry’s incentive targets: discretionary annual bonus opportunity equal to 60% of base salary; target equity grant under the 2018 Omnibus Equity Incentive Plan equal to 60% of base salary (subject to annual Compensation Committee approval).
• Compensation Committee Chair change: Jeffery Taylor appointed Chair and received a $15,000 annual increase to his retainer.
• Severance plan changes: the plan’s covered population expanded from “Key Executive” to “Key Employees” (a broader group of management/highly compensated employees); severance qualification and payment windows were extended, including special treatment for terminations occurring within the period beginning six months before through 24 months after a defined “change in control.”

Why It Matters

• Management and governance: naming a permanent CFO clarifies financial leadership and may affect execution of reporting and strategy. Compensation changes signal the Board’s commitment to retain and incent the CFO.
• Financial impact: higher base salary, potential bonus payouts (60% of salary), and equity grants could increase HFFG’s future compensation expense. The widened severance plan and extended change‑in‑control protections can increase potential severance obligations for a broader group of executives.
• Investor takeaway: these moves are primarily corporate governance and personnel actions that can influence costs and executive retention. The filing provides the full amended agreements (exhibits) for details on specific severance payout formulas and other terms.