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Get filing alertsNewton Golf appoints Gregg Hemphill as independent director to Board and key committees
Filed May 20, 2026 · Period ending May 19, 2026 · ~1 min read
Key Changes
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Gregg Hemphill appointed to Board of Directors effective May 19, 2026, serving until the 2026 annual stockholder meeting. He qualifies as independent under Nasdaq and SEC rules.
Item 5.02 verify on EDGAR → -
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Hemphill assigned to all three key Board committees—Audit, Compensation, and Nominating—giving him significant oversight over financial reporting, executive pay, and governance.
Item 5.02 verify on EDGAR → -
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New director will receive standard compensation: $30,000 annual cash retainer plus $37,500 in annual RSU grants vesting over 12 months, plus initial $30,000 RSU award.
Item 5.02 verify on EDGAR →
Summary
Newton Golf expanded its Board of Directors by appointing Gregg Hemphill as an independent director effective May 19, 2026. The appointment strengthens the company's governance structure, as Hemphill will serve on all three critical Board committees: Audit, Compensation, and Nominating.
His independence under both Nasdaq and SEC standards ensures objective oversight of the company's financial reporting, executive compensation decisions, and director nomination processes. For retail investors, this is a routine but positive governance development. Adding an independent director with broad committee responsibilities typically enhances Board oversight and can improve decision-making quality.
The compensation structure—combining cash retainers with equity grants that vest over 12 months—aligns Hemphill's interests with long-term shareholder value. Watch for Hemphill's background and expertise in the company's proxy materials ahead of the 2026 annual meeting, which will provide insight into what specific skills or experience the Board sought to add. His committee assignments suggest the Board values his input across multiple operational and strategic areas.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On May 19, 2026, the Board of Directors (the “Board”) of Newton Golf Company, Inc. (the “Company”), upon the recommendation of the Nominating and Corporate Governance Committee of the Board (the “Nominating Committee”), appointed Gregg Hemphill as a director, effective May 19, 2026. Mr. Hemphill will serve as a director until the 2026 annual meeting of stockholders and until his successor is elected and qualified, or until his earlier death, resignation or removal.
The company appointed Gregg Hemphill to its Board of Directors effective May 19, 2026. He will serve until the 2026 annual stockholder meeting or until a successor is elected. This expands the Board's composition and brings in new oversight.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 9, 2026 · How we verify