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(NYSE American: HYLN) approved a new nonqualified deferred compensation plan on September 28, 2026, following a recommendation from the Compensation Committee of its Board of Directors.
The company, headquartered in Cedar Park, Texas, filed the adoption with the Securities and Exchange Commission on October 1, 2026.
The plan is unfunded and designed to comply with Section 409A of the Internal Revenue Code.
It is administered by the Compensation Committee and limits participation to a select group of management, highly compensated employees, and non-employee directors.
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