GPGI, Inc. — Form 10-Q

GPGI amended its Non-Employee Director Compensation Policy and Option Conversion Program effective January 1, 2027. Cash compensation unchanged: $50,000 annual board retainer plus committee chair fees ($25,000 Audit, $15,000 Compensation, $10,000 Nominating). Annual equity awards remain $250,000 for standard directors and $150,000 for dual-hatted directors (those serving Resolute Holdings affiliates), plus $200,000/$150,000 initial awards. Directors may convert cash compensation to stock options. Vesting: 4-year cliff with acceleration upon death/disability or change of control. No material dollar changes from prior policy; primarily restated with clarifications.