Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Resignation of Directors OnSeptember 27, 2021 , each ofLori Taylor andJeff D. Davis submitted to the Board of Directors (the "Board") ofBetter Choice Company Inc. , aDelaware corporation (the "Company"), a notice of resignation from their respective positions as a director of the Board, with such resignation to be effective immediately.Mr. Davis also resigned from his positions on the Company's Audit Committee, Compensation Committee andNominating and Governance Committee . The Board accepted the resignations, neither of which resulted from any disagreement with the Board. Appointment of Directors OnSeptember 28, 2021 , the Board appointedArlene Dickinson andLionel F. Conacher to the Board, effective immediately.Ms. Dickinson has also been appointed to serve as a member of the Company's Compensation Committee andNominating and Governance Committee .Mr. Conacher has also been appointed to serve as a member of the Company'sAudit Committee andCompensation Committee .Arlene Dickinson , 64, is a well-known entrepreneur andGeneral Partner ofDistrict Ventures Capital , a venture capital fund focused on helping market, fund and grow entrepreneurs and their companies in the food and health space. Dickinson is widely recognized for her role as a Dragon / Venture Capitalist for over 12 seasons on the multi-award-winning CBC television series, Dragons' Den. Prior to joining the cast of Dragons' Den, she served as the President and CEO ofVenture Communications , a Calgary based agency that became one ofCanada's largest independent marketing firms. She is a three-time best-selling author, podcaster and accomplished public speaker and sits on several public and private boards.Ms. Dickerson has won numerous awards, including Calgary Business Owner of the year,PROFIT Magazine's Top 100 Women Business Owners andCanada's Most Powerful Women Top 100.Lionel F. Conacher , 59, joinsBetter Choice with over thirty years of financial experience, spanning senior positions in public companies in bothCanada and the US, investment banking, private equity and venture capital.Mr. Conacher currently serves as Chairman on the Board of Destination XL Group, Inc. (NASDAQ: DXLG).Mr. Conacher was co-founder and managing partner of ext Ventures, GP fromJuly 2018 untilFebruary 2021 . FromJanuary 2011 toJune 2018 ,Mr. Conacher was a senior advisor and operating partner forAltamont Capital Partners LLC ("ACP"), a private equity firm. Additionally,Mr. Conacher served as the chairman ofWunderlich Securities , and as a director forMervin Manufacturing andDakine Inc. , investee companies of ACP, fromDecember 2013 untilJuly 2018 . Prior to joining ACP, fromJanuary 2008 untilJuly 2010 ,Mr. Conacher was the president and chief operating officer ofThomas Weisel Partners , a Nasdaq-listed investment bank.Mr. Conacher also previously served as a member of the board of directors forPowerDot Inc. ,AmpHP Inc. ,SteadyMD Inc. andKinetyx Sciences Inc. Mr. Conacher brings extensive financial and operational experience to the Board and qualifies as a financial expert. In accordance with the Company's compensation policy for non-employee directors, upon commencement of service as a director, each ofMs. Dickinson andMr. Conacher was granted options to purchase 27,027 shares of the Company's common stock, par value$0.001 per shares, which options will vest over a three-year period, provided that each remains a director of the Company. Additionally,Ms. Dickinson andMr. Conacher will each be entitled to receive cash compensation in the amount of$50,000 per calendar year for their respective service as a director. Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibits Description 99.1 Press Release datedOctober 1, 2021 2
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