SEC Info - Sequential Brands Group, Inc. - ‘8-K’ for 10/1/20

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Sequential Brands Group, Inc. – ‘8-K’ for 10/1/20 – ‘EX-10.3’

On: Wednesday, 10/7/20, at 5:12pm ET · For: 10/1/20 · Accession #: 1104659-20-113123 · File #: 1-37656

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

10/07/20  Sequential Brands Group, Inc.     8-K:5,9    10/01/20    4:47K                                    Toppan Merrill/FA

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     16K 
 2: EX-10.1     Material Contract                                   HTML     11K 
 3: EX-10.2     Material Contract                                   HTML      8K 
 4: EX-10.3     Material Contract                                   HTML      8K

‘EX-10.3’ — Material Contract

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Exhibit 10.3

October 1, 2020

Mr. Daniel Hanbridge

[Redacted]

Dear Dan,

Reference is made to (i) the amended employment terms letter signed by you and Sequential Brands Group, Inc. (the “Company”), dated as of January 6, 2020 (the “Amended Terms”), and (ii) the letter amendment to the Amended Terms dated as of June 3, 2020 (the “Amendment”, and together with the Amended Terms, the “Agreement”). Capitalized terms used in this letter and not otherwise defined herein shall have the meaning set forth in the Agreement.

This letter amends the Agreement as follows:

The Parties acknowledge and agree that the Reduction Period (as defined in the Amendment) shall continue through September 30, 2020, and that, effective as of October 1, 2020, your Annual Base Salary shall return to $250,000 per year. Accordingly, you acknowledge and agree that the Difference (as defined in the Amendment) is equal to $25,000.

This letter represents the entire understanding of you and the Company with respect to the Agreement. Except as specifically amended and/or modified by this letter, the Agreement is hereby ratified and confirmed and all other terms of the Agreement shall remain in full force and effect, unaltered and unchanged by this letter, including, without limitation, Section 5 of the Amended Terms titled Employee Status. For the avoidance of doubt, nothing herein shall be construed as to modify your status as an “at-will” employee of the Company.

Please confirm your acceptance and agreement to the foregoing terms by signing below.

	Sincerely,

	SEQUENTIAL BRANDS GROUP, INC.

	/s/ *David Conn*
	David Conn
	Chief Executive Officer

Accepted and agreed this 1st day of October 2020 by:

/s/ *Dan Hanbridge*
Dan Hanbridge

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on:	10/7/20
For Period end:	10/1/20
	9/30/20	10-Q, 10-Q/A
	6/3/20
	1/6/20	3, 4, 8-K
		List all Filings

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Filing Submission 0001104659-20-113123 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)