Brandywine issued a Form 8-K/A amending its previously filed Form 8-K from December 2025 to add supplemental disclosure under Item 5.02 regarding the retirement of George Johnstone. The amendment says George Johnstone retired as Executive Vice President, Operations effective Feb. 20, 2026, and became a senior adviser through Aug. 20, 2026. Under a transition services and release agreement dated March 10, 2026, he will receive total payments of 400,000, subject to compliance with the agreement. The filing also notes the agreement includes non-competition and non-solicitation restrictions through the end of the advisory period.
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