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Emerging growth company i☐
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Ms. Weipert’s annual base salary is $515,000, and her target for the Executive Bonus Program (“EBP”) is 60% of her base salary. She will be eligible for EBP and long-term equity awards and will participate in the Income Continuity Plan on the same terms and conditions applicable to other executives of the Company. She will receive a sign-on bonus of $100,000 and a grant of restricted stock units (“RSUs”) valued at $300,000 which will vest in equal installments over a three-year period with the first vesting on September 30, 2021.
9.01 Financial Statements and Exhibits.
(d) Exhibit. The following exhibit is being furnished pursuant to Item 5.02 above.