HF Foods adds target bonus to CEO severance plan
HFFG•HF Foods Group amended CEO Felix Lin’s employment agreement to include his target bonus in severance benefits. The changes also revise bonus eligibility and equity award terms; new one-year agreements with CFO Paul McGarry and CAO Christine Chang leave their compensation unchanged.
1. Agreement changes
HF Foods Group entered an amended employment agreement with CEO Felix Lin on Sept. 28, 2026. Company non-renewal now triggers severance eligibility, and the pro-rata bonus eligibility date moves to March 31 from June 30. The revised equity terms include March 17 vesting, a 24-month change-in-control window and broader acceleration provisions. CFO Paul McGarry and CAO Christine Chang signed new one-year employment agreements with compensation terms unchanged.
