Fortrea CFO placed on paid leave after court order; board director named interim

Filed July 29, 2026 · Period ending July 27, 2026 · ~2 min read

Key Changes

• high

  CFO Jason Knoblauch, hired July 6, placed on paid leave after Delaware court granted temporary restraining order preventing him from working as CFO; prior employer alleges he violated restrictive covenants and retained confidential information. Fortrea is a defendant in the lawsuit.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Board director David Smith appointed Interim CFO; will receive $60,000/month salary plus RSU grants worth approximately $300,000 initially and similar monthly grants capped at $900,000 aggregate value, vesting in one year.

  Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR →
• high

  Q2 2026 revenue of $678.2M (down from $710.3M prior year); adjusted EBITDA rose to $58.7M from $54.9M; book-to-bill of 1.06x marks fourth consecutive quarter above 1.0x with backlog at $7,800M.

  Exhibit 99.1 view on EDGAR →