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Ridgepost Capital (PX) EVP Mark Hood to retire, stay on as advisor

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Ridgepost Capital, Inc. announced that Executive Vice President and Chief Administrative Officer Mark Hood will retire from his officer roles effective May 31, 2026, and then continue as a strategic advisor. Under a separation agreement, he will receive a one-time separation payment of $125,000, conditioned on a general waiver and release of claims in favor of the company.

A consulting agreement engages Mr. Hood from June 1, 2026 through March 31, 2027, with a monthly advisory fee of $15,000, COBRA premium coverage, and reimbursement of travel and business expenses. His outstanding equity and carried interest awards will continue to vest and remain exercisable during this service. The agreements also include confidentiality, non-solicitation, and non-competition covenants. The company highlights continuity in its finance and operations teams and has begun a search to further strengthen operational leadership.

Positive

  • None.

Negative

  • None.

Insights

Executive retirement is structured for continuity with modest incremental cost.

The retirement of EVP and CAO Mark Hood is handled through a standard separation and consulting structure. Cash obligations include a one-time $125,000 separation payment and a monthly consulting fee of $15,000 during the engagement period.

Keeping Hood as a strategic advisor through March 31, 2027 allows his equity and carried interest awards to continue vesting, preserving alignment while maintaining institutional knowledge. Confidentiality, non-solicitation, and non-competition covenants help protect the company’s franchise as leadership responsibilities transition.

The filing emphasizes continuity across finance and operations teams and notes an active search process to strengthen operational leadership. From an investor perspective, this appears to be a planned, orderly transition rather than a disruptive leadership change, with costs proportionate to seniority.

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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

Date of Report (Date of earliest event reported): March 17, 2026

Ridgepost Capital, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-40937

87-2908160

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

2699 Howell Street, Suite 1000, Dallas, Texas 75204

(Address of principal executive offices) (Zip Code)

(214) 865-7998

(Registrant’s telephone number, including area code)

Not Applicable

(Former Name or former address, if changed since last report)

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 communications 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 or to be registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading
Symbol

Name of each exchange on which
registered

Class A Common Stock, $0.001 par value per share

RPC

New York Stock Exchange

NYSE Texas, Inc.

 

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 March 17, 2026, Mark Hood notified Ridgepost Capital, Inc. (the “Company”) that he will be retiring as the Company’s Executive Vice President and Chief Administrative Officer effective as of May 31, 2026. On March 19, 2026, in connection with his retirement, the Company and Mr. Hood entered into a separation and release agreement (the “Separation Agreement”), pursuant to which Mr. Hood will receive a one-time separation payment of $125,000, subject to the execution and non-revocation of a general waiver and release of claims by Mr. Hood in favor of the Company. In connection with his retirement, on March 19, 2026, the Company also entered into a consulting agreement (the “Consulting Agreement”) with Mr. Hood, pursuant to which he will be engaged by the Company during the period commencing on June 1, 2026 through March 31, 2027 (the “Engagement Period”) to provide certain transition and other advisory services to the Company and will receive (i) a monthly advisory fee of $15,000, (ii) reimbursement or direct payment of COBRA premiums and (iii) reimbursement of customary travel and business expenses. In addition, Mr. Hood's outstanding equity and carried interest awards will continue to vest and remain exercisable, as his service will continue uninterrupted pursuant to the Consulting Agreement. The Separation Agreement and Consulting Agreement also contain customary confidentiality, non-solicitation and non-competition covenants.

 

The foregoing description of the Separation Agreement and Consulting Agreement does not purport to be complete and is qualified by reference to the full text of the Separation Agreement and Consulting Agreement, copies of which are filed with this Current Report on Form 8-K as Exhibit 10.1 and Exhibit 10.2, respectively, and are incorporated herein by reference.

 

Item 7.01. Regulation FD Disclosure.

 

On March 23, 2026, the Company issued a press release announcing Mr. Hood’s retirement, a copy of which is included as Exhibit 99.1 hereto and is incorporated herein by reference.

 

The information disclosed under this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liability of that section, and shall not be deemed incorporated by reference into any Company filing made under the Securities Act of 1933, as amended, or under the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

 

 

Exhibit No.

Description

10.1

Separation and Release Agreement, dated March 19, 2026, by and between Ridgepost Capital, LLC and Mark Hood.

10.2

Consulting Agreement, dated March 19, 2026, by and between Ridgepost Capital, LLC and Mark

Hood.

99.1

Press Release, dated March 23, 2026.

104

Cover Page Interactive Data File (formatted as inline XBRL)

 

 


 

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.

Ridgepost Capital, Inc.

Date: March 23, 2026

/s/ Amanda Coussens

Amanda Coussens

Chief Financial Officer

 

 


Exhibit 99.1

 

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img39205472_0.gif

 

 

Ridgepost Capital Announces Retirement of Mark Hood as EVP and CAO

 

DALLAS, March 23, 2026 (GLOBE NEWSWIRE) – Ridgepost Capital, Inc (NYSE: RPC) (“Ridgepost Capital” or the “Company”), a leading private markets solutions provider, today announced that Mark Hood will retire from his position as Executive Vice President and Chief Administration Officer, effective May 31, 2026. Mr. Hood will continue to serve the Company as a strategic advisor.

 

“Since joining Ridgepost Capital prior to our October 2021 IPO, Mark has played a central role in building and scaling our firm,” said Luke Sarsfield, Ridgepost Capital Chairman and Chief Executive Officer. “I want to thank Mark for his leadership, judgment and many contributions to our business. His commitment and vision have helped position the Company for continued success in the years to come.”

 

“It has been a privilege to work alongside the entire Ridgepost Capital team over the past several years,” said Mark Hood. “I am proud of what we accomplished together as we advanced our strategic initiatives and strengthened the Company’s platform. I look forward to continuing in my role as strategic advisor and supporting the Company’s continued growth in the years ahead.”

 

The Company is committed to a seamless transition and will benefit from continuity of leadership across its finance and operations teams, as well as Mr. Hood’s continued support in his role as strategic advisor. Ridgepost Capital has initiated a search process as part of its ongoing effort to strengthen operational leadership.

 

About Ridgepost Capital

Ridgepost Capital (NYSE: RPC) is a leading private markets solutions provider with over $43 billion in assets under management as of December 31, 2025. Ridgepost Capital invests across Private Equity, Private Credit, and Venture Capital in access-constrained strategies, with a focus on the middle and lower-middle market. Ridgepost Capital’s products have a global investor base and aim to deliver compelling risk-adjusted returns. For additional information, please visit www.ridgepostcapital.com.

 

Ridgepost Capital Investor Contact:
info@ridgepostcapital.com

Ridgepost Capital Media Contact:
Josh Clarkson

Taylor Donahue
pro-ridgepost@prosek.com

 

ridgepostcapital.com


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