CELSIUS HOLDINGS, INC. : Change in Directors or Principal Officers (form 8-K)

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On January 30, 2020, the Company's Board of Directors (the "Board") approved and adopted certain changes to the cash compensation of non-employee directors for their service on the Board and its committees. The table below lists the annual cash compensation payable to non-employee directors which will be paid in quarterly installments commencing with the first quarter of 2020. Notwithstanding the foregoing, Mr. Tony Lau will not receive any cash compensation.

Position                             Annual Cash Compensation
Board Member                         $20,000
Governance Committee Chairperson     $2,000
Audit Committee Chairperson          $2,000
Compensation Committee Chairperson   $2,000
Board Chairperson                    $2,000*

*Each of the two current Board co-chairs will receive $1,000.

Members of the Board are also eligible to receive grants of equity incentives under the Company's 2015 Stock Incentive Plan.

                                       1

© Edgar Online, source Glimpses