Churchill Capital Corp XII appointed Paul Lapping as a director, a member of the compensation committee, and the chairperson of the Audit Committee, replacing William Sherman. The company entered into director compensation agreements with William Sherman and Paul Lapping, which provide for annual cash compensation of $75,000 per annum starting August 1, 2026. Churchill Capital Corp XII is a special purpose acquisition company (SPAC) focused on identifying and completing a business combination.