Fortrea reinstates Jason Knoblauch as CFO

Fortrea reinstates its Chief Financial Officer as principal financial officer after resolving prior court-related employment restrictions through a settlement agreement.

Rhea-AI Filing Summary

Fortrea Holdings Inc. (FTRE) reports that its Board of Directors reinstated Jason Knoblauch as Chief Financial Officer and designated him as the company’s principal financial officer effective September 9, 2026. He will continue under the same compensation package previously disclosed in a prior SEC filing.

The company discloses that Mr. Knoblauch, Fortrea and his former employer entered into a settlement agreement and mutual release resolving a previously disclosed Delaware Court of Chancery matter, under which a temporary restraining order had prevented him from serving as CFO. Director David Smith, who had been Interim CFO and principal financial officer during Mr. Knoblauch’s leave of absence, has stepped down from that interim role but remains on the Board.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Key Figures

CFO reinstatement date: September 9, 2026 Temporary restraining order date: July 25, 2026 Common stock par value: $0.001 per share

3 metrics

CFO reinstatement date September 9, 2026 Date the Board reinstated Jason Knoblauch as CFO and principal financial officer

Temporary restraining order date July 25, 2026 Date the Delaware Court of Chancery granted the temporary restraining order regarding Mr. Knoblauch’s CFO role

Common stock par value $0.001 per share Par value of Fortrea Holdings Inc. common stock listed on NASDAQ

Key Terms

temporary restraining order, restrictive covenants, settlement agreement and mutual release, principal financial officer

4 terms

temporary restraining order regulatory

"the Delaware Court of Chancery granted a temporary restraining order preventing Mr. Knoblauch"

A temporary restraining order is a short-term court order that temporarily stops a person or company from doing a specific action until a judge can hold a fuller hearing. For investors it matters because it can immediately pause deals, operations, asset transfers or product rollouts—like hitting a legal “pause” button—creating uncertainty about revenue, timelines and the value of affected securities.

restrictive covenants regulatory

"alleging that Mr. Knoblauch violated certain restrictive covenants and retained"

Restrictive covenants are contract terms that limit what a company, its executives, or shareholders can do—like rules that prohibit selling stock, starting a rival business, or taking on certain debts. Think of them as house rules that protect one party’s interests by keeping risky or competitive actions off the table. For investors they matter because these limits affect a company’s flexibility, governance, potential future value and the ease of exiting an investment.

settlement agreement and mutual release regulatory

"entered into a settlement agreement and mutual release to resolve the matter"

principal financial officer financial

"designated Mr. Knoblauch as principal financial officer of the Company"

The principal financial officer is the senior executive who runs a company's financial operations: preparing and certifying financial reports, managing accounting controls, budgets and cash flow, and advising on financial strategy. Investors care about this role because its competence affects how trustworthy the company’s numbers are, how well it manages risk and capital needs, and the credibility of forecasts—like the chief navigator steering a firm's financial course.

FAQ

What executive change did Fortrea Holdings Inc. (FTRE) announce on September 9, 2026?

Fortrea’s Board reinstated Jason Knoblauch as Chief Financial Officer and designated him as the company’s principal financial officer effective September 9, 2026, following his prior leave of absence.

Will Jason Knoblauch’s compensation change after his reinstatement at FTRE?

No. Fortrea states that Mr. Knoblauch will continue to receive the same compensation package that was previously disclosed in an SEC filing dated June 26, 2026.

What happened to the legal matter involving FTRE’s CFO and his former employer?

Fortrea reports that Mr. Knoblauch, the company and his former employer entered into a settlement agreement and mutual release resolving the previously disclosed Delaware Court of Chancery proceeding.

Why had Jason Knoblauch been prevented from serving as CFO of FTRE?

Fortrea explains that on July 25, 2026, the Delaware Court of Chancery granted a temporary restraining order that prevented Mr. Knoblauch from working as CFO pending further order of the court.

What is David Smith’s role at Fortrea Holdings Inc. after the CFO’s reinstatement?

Director David Smith stepped down from his role as Interim Chief Financial Officer and principal financial officer in connection with Mr. Knoblauch’s reinstatement, but he remains a member of the Board of Directors.

What exchange lists Fortrea Holdings Inc. (FTRE) common stock?

Fortrea’s common stock, with a par value of $0.001 per share, is listed on The NASDAQ Stock Market LLC under the trading symbol FTRE.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

September 9, 2026

(Date of earliest event reported)

Fortrea Holdings Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware

001-41704

92-2796441

(State or other jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

8 Moore Drive
Durham,			North Carolina						27713
(Address of principal executive offices)									(Zip Code)

(Registrant’s telephone number including area code) 877-495-0816

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act.

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, $0.001 par value			FTRE			The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 9, 2026, the Board of Directors (the “Board”) of Fortrea Holdings, Inc. (the “Company”) reinstated Jason Knoblauch as Chief Financial Officer and designated Mr. Knoblauch as principal financial officer of the Company. Mr. Knoblauch will continue to receive the same compensation package after his reinstatement, as previously disclosed in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 26, 2026 (the “Prior Form 8-K”). Please see the Prior Form 8-K for a description of Mr. Knoblauch’s biographical information and other required disclosure.

As previously disclosed, on July 25, 2026, the Delaware Court of Chancery granted a temporary restraining order preventing Mr. Knoblauch from working for the Company as Chief Financial Officer pending further order of the Court. The order was issued in a lawsuit filed by Mr. Knoblauch’s prior employer against him and the Company alleging that Mr. Knoblauch violated certain restrictive covenants and retained confidential information belonging to his prior employer. Mr. Knoblauch, the Company and Mr. Knoblauch’s former employer entered into a settlement agreement and mutual release to resolve the matter.

David Smith, a current director on the Board, had acted as Interim Chief Financial Officer and principal financial officer during Mr. Knoblauch’s leave of absence. In connection with Mr. Knoblauch’s reinstatement, Mr. Smith stepped down from the Interim CFO position but will remain a member of the Board.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

						Fortrea Holdings Inc.
			By:			/s/ Agnieszka M. Gallagher
						Name: Agnieszka M. Gallagher
						Title: General Counsel and Secretary

Date: September 10, 2026

Filing Exhibits & Attachments

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• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 15.6 KB
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