Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Effective February 22, 2021, the board of directors of Amesite Inc. (the
"Company") appointed Matthew Kern as Chief Financial Officer of the Company.
In connection with Mr. Kern's appointment as Chief Financial Officer, the
Company entered into an Employment Letter with Mr. Kern (the "Kern Employment
Letter"), pursuant to which he will receive a base salary at the annual rate of
$152,000, payable in accordance with the Company's standard payroll policies,
and stock options to purchase up to 30,000 shares of common stock under the
Company's 2018 Equity Incentive Plan, which vests as follows: 50% of the options
shall vest on the one year anniversary of the grant; and (ii) the remaining 50%
of the options shall vest and become exercisable in twelve (12) successive equal
monthly installments thereafter. Mr. Kern will all be eligible to receive a
$40,000 performance-based bonus, as awarded in the sole discretion of the
Company's board of directors.
Set forth below is the biographical information of Mr. Kern, age 36, as required
by Item 401 of Regulation S-K:
Prior to joining the Company, from April 2012 to February 2021, Mr. Kern was
associated with Blackbaud, a cloud software company, where he was most recently
the Director of Financial Planning and Analysis. Mr. Kern earned his B.S. in
Financial Management from Clemson University and his Master's Degree in Business
Administration from Indiana University - Kelley School of Business.
The foregoing description of the Kern Employment Letter is qualified in its
entirety by reference to the text of such agreement, which is filed as Exhibit
10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
10.1 Kern Employment Letter, dated January 31, 2021
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AMESITE INC. 
