On July 10, 2019, Bruce H. Bridgford resigned as an officer (President of Bridgford Foods of California) and member of the Board of Directors of Bridgford Foods Corporation, effective immediately. In connection with his resignation from employment, the Company and Mr. Bridgford entered into a separation and release agreement effective July 12, 2019 pursuant to which the Company agreed to pay Mr. Bridgford a one-time lump sum cash payment of $72,980.27 within 30 days, and Mr. Bridgford agreed to a general release in favor of the Company and its affiliates and related persons, as well as a covenant not to sue, a non-disparagement covenant and a covenant of future cooperation. The resignation was not the result of a disagreement with management regarding operations, policies or practices of the Company.