USBC, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by USBC, Inc. (Nevada) on December 17, 2025, covering events occurring on December 11, 2025, and December 15, 2025. The company is incorporated in Nevada and its common stock trades on the NYSE American LLC under the symbol "USBC."
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on corporate governance and capital structure changes rather than financial performance.
Material Changes
- Executive Departure: Kirk Chapman departed as Chief Operating Officer effective December 15, 2025. The departure was mutual and not the result of any disagreement regarding operations, policies, or practices.
- Capital Structure Amendment: On December 11, 2025, the Company filed certificates of withdrawal to terminate the designations for Series C, Series D, and Series H Convertible Preferred Stock. No shares of these series were outstanding at the time of filing, and the related provisions were deleted from the Restated Articles of Incorporation.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, financial outlook, or specific risk factors beyond the standard disclosure that the descriptions of the certificates of withdrawal are subject to the full text of the exhibits. Management expressed gratitude for Mr. Chapman's contributions to establishing the company's early foundations.
Investor Verification Checklist
- Confirm the appointment of a new Chief Operating Officer or interim replacement for Kirk Chapman.
- Review Exhibits 3.1, 3.2, and 3.3 to verify the complete terms of the withdrawn preferred stock designations.
- Monitor subsequent filings for any impact of the executive departure on operational strategy.