<SEC-DOCUMENT>0001140361-25-031559.txt : 20250815
<SEC-HEADER>0001140361-25-031559.hdr.sgml : 20250815
<ACCEPTANCE-DATETIME>20250815170129
ACCESSION NUMBER:		0001140361-25-031559
CONFORMED SUBMISSION TYPE:	NT 10-Q
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250815
DATE AS OF CHANGE:		20250815
EFFECTIVENESS DATE:		20250815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BROADWAY FINANCIAL CORP \DE\
		CENTRAL INDEX KEY:			0001001171
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		ORGANIZATION NAME:           	02 Finance
		EIN:				954547287
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39043
		FILM NUMBER:		251225509

	BUSINESS ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
		BUSINESS PHONE:		3236341700

	MAIL ADDRESS:	
		STREET 1:		5055 WILSHIRE BLVD STE 500
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90036
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 10-Q
<SEQUENCE>1
<FILENAME>ef20054081_nt10q.htm
<DESCRIPTION>NT 10-Q
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Broadridge Financial Solutions, Inc.
         Document created using Broadridge PROfile 25.7.1.5324
         Copyright 1995 - 2025 Broadridge -->
  </head>
<body bgcolor="#ffffff" style="font-family: 'Times New Roman'; font-size: 10pt; text-align: left; color: #000000;">


  <div>
    <hr align="center" style="border: none; border-bottom: 1px solid black; border-top: 4px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
    <div>
      <div style="text-align: center; text-indent: -0.7pt; margin-right: 131.05pt; margin-left: 132.45pt; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
      <div style="text-align: center; text-indent: -0.7pt; margin-right: 131.05pt; margin-left: 132.45pt; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION </div>
      <div style="text-align: center; text-indent: -0.7pt; margin-right: 131.05pt; margin-left: 132.45pt; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
      <div style="text-align: center; text-indent: -0.7pt; margin-right: 131.05pt; margin-left: 132.45pt; font-weight: bold;"> <br>
      </div>
      <div style="text-align: center; margin-left: 0.25pt; font-size: 18pt; font-weight: bold;">FORM 12b-25</div>
      <div style="text-align: center; text-indent: -0.5pt; margin-right: 131.85pt; margin-left: 132.25pt; font-weight: bold;">NOTIFICATION OF LATE FILING</div>
      <div> <br>
        </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 10%; vertical-align: bottom;">
                <div style="color: rgb(0, 0, 0);">(<font style="font-style: italic;">Check One</font>):</div>
              </td>
              <td style="width: 2.01%; vertical-align: bottom;">
                <div style="color: rgb(0, 0, 0);">&#9744;</div>
              </td>
              <td style="width: 13%; vertical-align: bottom;">Form 10-K&#160; <br>
                 </td>
              <td style="width: 2.01%; vertical-align: bottom;">&#9744;</td>
              <td style="width: 13%; vertical-align: bottom;">Form 20-F</td>
              <td style="width: 2.01%; vertical-align: bottom;">&#9744;</td>
              <td style="width: 13%; vertical-align: bottom;">Form 11-K </td>
              <td style="width: 2.01%; vertical-align: bottom;">&#9746;</td>
              <td style="width: 13%; vertical-align: bottom;">Form 10-Q</td>
              <td style="width: 2.01%; vertical-align: bottom;">&#9744;</td>
              <td style="width: 13%; vertical-align: bottom;">Form 10-D</td>
              <td style="width: 2.01%; vertical-align: bottom;">&#9744;</td>
              <td style="width: 13%; vertical-align: bottom;">
                <div style="text-indent: -0.5pt; margin-left: 0.5pt; color: rgb(0, 0, 0);">Form N-CEN</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td style="width: 10%; vertical-align: bottom;">&#160;</td>
              <td style="vertical-align: bottom; width: 2%;">&#9744;</td>
              <td style="width: 88%; vertical-align: bottom;">Form N-CSR</td>
            </tr>

        </table>
        <div><br>
           </div>
        <div style="margin-left: 90pt;">
          <table cellspacing="0" cellpadding="0" border="0" align="left" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="color: rgb(0, 0, 0);">For Period Ended:</div>
                </td>
                <td style="width: 35%; vertical-align: top; border-bottom: 2px solid black;">
                  <div style="text-indent: -0.5pt; margin-left: 0.5pt;">June 30, 2025</div>
                </td>
              </tr>

          </table>
        </div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: rgb(0, 0, 0); clear: both;" class="DSPFListTable">

            <tr>
              <td style="width: 89.5pt;"><br>
                 </td>
              <td style="width: 18.5pt; vertical-align: top; color: rgb(0, 0, 0);">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Transition Report on Form 10-K</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

            <tr>
              <td style="width: 89.5pt;"><br>
                 </td>
              <td style="width: 18.5pt; vertical-align: top; color: rgb(0, 0, 0);">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Transition Report on Form 20-F</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

            <tr>
              <td style="width: 89.5pt;"><br>
                 </td>
              <td style="width: 18.5pt; vertical-align: top; color: rgb(0, 0, 0);">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Transition Report on Form 11-K</div>
              </td>
            </tr>

        </table>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable">

            <tr>
              <td style="width: 89.5pt;"><br>
                 </td>
              <td style="width: 18.5pt; vertical-align: top; color: rgb(0, 0, 0);">&#9744;</td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Transition Report on Form 10-Q</div>
              </td>
            </tr>

        </table>
        <div>
          <div style="margin-left: 90pt;">
            <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 85%; color: rgb(0, 0, 0); font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

                <tr>
                  <td nowrap="nowrap" style="width: 25%; vertical-align: top; padding-bottom: 2px;">
                    <div style="color: rgb(0, 0, 0);">For the Transition Period Ended:<br>
                    </div>
                  </td>
                  <td style="width: 60%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);"><br>
                  </td>
                </tr>

            </table>
          </div>
        </div>
        <div style="color: rgb(0, 0, 0);">
          <div style="text-indent: -0.5pt; margin-left: 1pt;">
            <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; color: #000000; width: 100%;" id="zc024fcc439c94b839101e88b8833e376">

                <tr>
                  <td style="width: 100%; border-color: rgb(0, 0, 0); border-style: solid; border-width: 2px;">
                    <div style="text-align: center; text-indent: -0.5pt; margin-left: 0.5pt; font-weight: bold;">Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.</div>
                  </td>
                </tr>

            </table>
          </div>
          <div style="text-indent: -0.5pt; margin-left: 1pt;">If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:</div>
          <div style="text-indent: -0.5pt; margin-left: 1pt;"> <br>
            </div>
          <div style="text-indent: -0.5pt; margin-left: 1pt;">
            <hr noshade="noshade" align="left" style="background-color: #000000; border-bottom: medium none; border-left: medium none; border-right: medium none; border-top: medium none; margin: 0px auto 0px 0px; height: 2px; width: 90%; color: #000000;"></div>
          <div style="text-indent: -0.5pt; margin-left: 1pt;">
            <div style="font-weight: bold;"> <br>
              </div>
            <div style="font-weight: bold;">PART I&#8212;REGISTRANT INFORMATION</div>
            <br>

            <div>Broadway Financial Corporation&#160;&#160;&#160;&#160; <br>
              </div>
            <div>
              <hr noshade="noshade" align="left" style="height: 2px; width: 50%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
            <div>Full Name of Registrant&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            <br>

            <div>N/A&#160;&#160; <br>
              </div>
            <div>
              <hr noshade="noshade" align="left" style="height: 2px; width: 50%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
            <div>Former Name if Applicable&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            <br>

            <div>4601 Wilshire Boulevard, Suite 150
              <div>
                <hr noshade="noshade" align="left" style="height: 2px; width: 50%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
            </div>
            <div>Address of Principal Executive Office (Street and Number)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</div>
            <br>

            <div>Los Angeles, California, 90010<br>
              </div>
            <div>
              <hr noshade="noshade" align="left" style="height: 2px; width: 50%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;"></div>
            <div>City, State and Zip Code&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </div>
          </div>
          <div style="text-indent: -0.5pt; margin-left: 1pt;"> <br>
            </div>
        </div>
      </div>
      <div style="font-weight: bold;">
        <hr align="center" style="border: none; border-bottom: 4px solid black; border-top: 1px solid black; height: 10px; color: #ffffff; background-color: #ffffff; text-align: center; margin-left: auto; margin-right: auto;">
        <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
          <div style="page-break-after: always;" class="BRPFPageBreak">
            <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
        </div>
      </div>
      <div style="font-weight: bold;">PART II&#8212;RULES 12b-25(b) AND (c)</div>
      <br>

      <div>If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
        be completed. (Check box if appropriate)</div>
      <br>

      <div>
        <table cellspacing="0" cellpadding="2" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

            <tr>
              <td rowspan="3" style="width: 3%; vertical-align: middle; border-right: 2px solid rgb(0, 0, 0);">&#9744;</td>
              <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 4%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">(a)</div>
              </td>
              <td style="width: 92%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">
                  <div>The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</div>
                </div>
              </td>
            </tr>
            <tr>
              <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);"><br>
              </td>
              <td style="width: 4%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">(b)</div>
              </td>
              <td style="width: 92%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">
                  <div>The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth
                    calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day
                    following the prescribed due date; and</div>
                </div>
              </td>
            </tr>
            <tr>
              <td colspan="1" style="width: 1%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">&#160;</td>
              <td style="width: 4%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">(c)</div>
              </td>
              <td style="width: 92%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">
                  <div>The accountant&#8217;s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.</div>
                </div>
              </td>
            </tr>

        </table>
        <div><br>
           </div>
      </div>
      <div style="font-weight: bold;">PART III&#8212;NARRATIVE</div>
      <br>

      <div>State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within
        the prescribed time period.</div>
      <br>

      <div style="text-align: justify;">Broadway Financial Corporation (the &#8220;Company,&#8221; the &#8220;Registrant,&#8221; &#8220;our&#8221; or &#8220;we&#8221;) is unable to file, without unreasonable effort and expense, our Quarterly
        Report on Form 10-Q for the quarter ended June 30, 2025 (the &#8220;Form 10-Q&#8221;) within the time period prescribed. While the Company has substantially completed the preparation of the Form 10-Q, it requires additional time to evaluate its participation
        agreements for compliance with Accounting Standards Codification Topic 860 (&#8220;ASC 860&#8221;) and the impact to the consolidated financial statements.</div>
      <br>

      <div style="text-align: justify;">As a result of this delay, the Company requires additional time to fully complete its review of the financial statements for the quarter ended June 30, 2025
        for adequate disclosure of the information required to be included in the Form 10-Q.</div>
      <br>

      <div style="font-weight: bold;">PART IV&#8212;OTHER INFORMATION</div>
      <br>

      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zed99da69ebaf4235819c96308098559a" class="DSPFListTable">

              <tr style="vertical-align: top;">
                <td style="text-align: right; vertical-align: top; width: 18pt;">
                  <div style="text-align: left;">(1)</div>
                </td>
                <td style="text-align: left; vertical-align: top; width: auto;">
                  <div>Name and telephone number of person to contact in regard to this notification.</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div>&#160;</div>
      <div>
        <div><br>
           </div>
        <div style="margin-left: 54pt;">
          <table cellspacing="0" cellpadding="0" border="0" style="border-collapse: collapse; width: 50%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: center; color: rgb(0, 0, 0);">Zack Ibrahim</div>
                </td>
                <td style="width: 2%; vertical-align: top;">&#160;</td>
                <td style="width: 16%; vertical-align: top; text-align: center;">(202)</td>
                <td style="width: 2%; vertical-align: top;">&#160;</td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: center; color: rgb(0, 0, 0);">243-7115</div>
                </td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 16%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
                <td style="width: 2%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
                <td style="width: 15%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
              </tr>
              <tr>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: center; color: rgb(0, 0, 0);">(Name)</div>
                </td>
                <td style="width: 2%; vertical-align: top;">&#160;</td>
                <td style="width: 16%; vertical-align: top;">
                  <div style="text-align: center; color: rgb(0, 0, 0);">(Area Code)</div>
                </td>
                <td style="width: 2%; vertical-align: top;">&#160;</td>
                <td style="width: 15%; vertical-align: top;">
                  <div style="text-align: center; color: rgb(0, 0, 0);">(Telephone Number)</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div> <br>
        </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zbb9d5c10e19b49c387b4782ea2781fae" class="DSPFListTable">

              <tr style="vertical-align: top;">
                <td style="text-align: right; vertical-align: top; width: 18pt;">
                  <div style="text-align: left;">(2)</div>
                </td>
                <td style="text-align: left; vertical-align: top; width: auto;">
                  <div>Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter
                    period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).&#160; &#160;&#160; &#9746;Yes&#160; &#9744;&#160; No</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div> <br>
        </div>
      <div>
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%;" id="zbb0fe34e382d49309281cc0a55219be8" class="DSPFListTable">

              <tr style="vertical-align: top;">
                <td style="text-align: right; vertical-align: top; width: 18pt;">
                  <div style="text-align: left;">(3)</div>
                </td>
                <td style="text-align: left; vertical-align: top; width: auto;">
                  <div>Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report
                    or portion thereof?&#160; &#9746; Yes &#9744; No</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div><br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div style="page-break-after: always;" class="BRPFPageBreak">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <div style="text-indent: -0.5pt; margin-left: 1pt;">If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons
        why a reasonable estimate of the results cannot be made.</div>
      <br>

      <div style="text-align: justify;">On July 31, 2025, the Company previously reported a net loss attributable to common stockholders of $147 thousand for the quarter ended June 30, 2025 after
        deducting preferred dividends of $750 thousand, compared to net income attributable to common stockholders of $269 thousand for the quarter ended June 30, 2024.&#160; While the Company still currently expects net loss for the quarter ended June 30,
        2025, due to changes in accounting treatment in connection with participation agreements for compliance with ASC 860, the Company is not in a position to provide updated specific estimates of anticipated significant changes in results of operations
        from the quarter ended June 30, 2024.&#160; The preliminary financial information provided is subject to the Company&#8217;s ongoing evaluation of the impact on the consolidated financial statements for the quarter ended June 30, 2025, particularly related to
        the associated provision for credit losses.</div>
      <br>

      <div style="text-align: justify; font-style: italic; font-weight: bold;">Forward-Looking Statements</div>
      <br>

      <div>This filing contains a number of forward-looking statements.&#160; Words such as &#8220;expects,&#8221; and similar
          future or conditional expressions are intended to identify forward-looking statements.&#160; These forward-looking statements include, but are not limited to, statements regarding our beliefs and expectations relating to the preliminary financial
          information for the quarter ended June 30, 2025.&#160; These forward-looking statements are not guarantees of future events or results and are subject to a
            number of risks and uncertainties, many of which are difficult to predict and beyond our control.&#160; Important factors that may cause actual results to differ materially from those in the forward-looking statements include, but are not limited
            to, a material delay in the Registrant&#8217;s financial reporting.&#160; We disclaim and do not undertake any obligation to update or revise any forward-looking statement herein, except as required by applicable law or regulation.</div>
      <div> <br>
        </div>
      <div></div>
      <div>
        <hr noshade="noshade" align="left" style="height: 2px; width: 100%; color: #000000; background-color: #000000; margin-left: 0px; margin-right: auto; border: none;">
        <div> <br>
          </div>
        <table cellspacing="0" cellpadding="0" border="0" align="center" style="border-collapse: collapse; width: 35%; color: #000000; font-family: 'Times New Roman'; font-size: 10pt; text-align: left;">

            <tr>
              <td style="width: 35%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">Broadway Financial Corporation</div>
              </td>
            </tr>
            <tr>
              <td style="width: 35%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            </tr>
            <tr>
              <td style="width: 35%; vertical-align: top;">
                <div style="text-align: center; color: rgb(0, 0, 0);">(Name of Registrant as Specified in Charter)</div>
              </td>
            </tr>

        </table>
      </div>
      <div> <br>
        </div>
      <div style="text-indent: -0.5pt; margin-left: 1pt;">has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized.</div>
      <div><br>
      </div>
      <div>
        <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman'; font-size: 10pt; width: 100%; border-collapse: collapse; text-align: left; color: rgb(0, 0, 0);">

            <tr>
              <td style="width: 50%; vertical-align: top;">Date: August 15, 2025</td>
              <td style="width: 3.28%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">By:</div>
              </td>
              <td style="vertical-align: top; width: 47%;">
                <div style="color: rgb(0, 0, 0);">/s/ Zack Ibrahim</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top; padding-bottom: 2px;">&#160;</td>
              <td style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); width: 47%;">&#160;</td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 47%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">Zack Ibrahim</div>
              </td>
            </tr>
            <tr>
              <td style="width: 50%; vertical-align: top;">&#160;</td>
              <td style="width: 3.28%; vertical-align: top;">&#160;</td>
              <td style="width: 47%; vertical-align: top;">
                <div style="color: rgb(0, 0, 0);">
                  <div>Executive Vice President and Chief Financial Officer</div>
                </div>
              </td>
            </tr>

        </table>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div>
        <hr noshade="noshade" align="center" style="height: 2px; color: #000000; background-color: #000000; text-align: center; margin-left: auto; margin-right: auto; border: none;"></div>
    </div>
  </div>


</body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
