TRNR Management Update: CFO Transition

• Material Event: Change in Principal Financial Officer (Item 5.02).
• Departure: CFO Michael J. Madigan resigned, effective November 14, 2025. No disagreements cited.
• Appointment: Board appointed Caleb Morgret as new CFO, effective November 15, 2025.
• Morgret Profile: Over 20 years experience; recent CFO roles in life sciences (Centenara Labs AG) and energy sectors. He is a CFA charterholder.
• Compensation:
  • Annual Base Salary: $300,000.
  • Potential performance bonus up to 50% of base.

The Bo