Item 5.02 Departure of Directors or Certain Officers? Election of Directors?
Appointment of Certain Officers? Compensatory Arrangements of Certain
Officers.
On June 1, 2021, Cantaloupe, Inc. (the "Company") entered into a Separation and
Transition Agreement with James Pollock (the "Separation Agreement"). Pursuant
to the Separation Agreement, Mr. Pollock's previously disclosed last day of
employment was accelerated from July 20, 2021 to June 1, 2021. In exchange for a
release of claims against the Company and for no longer receiving base salary
payments through July 20, 2021, Mr. Pollock will remain eligible for his fiscal
2021 annual bonus based upon the achievement of the applicable performance
metrics and using the same determination framework as will be used for similarly
situated executives of the Company.
The foregoing summary of the Separation Agreement does not purport to be
complete and is qualified in its entirety by the complete text of the Separation
Agreement, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and
incorporated herein by reference.
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Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Separation and Transition Agreement, by and between James Pollock
and Cantaloupe, Inc., dated as of June 1, 2021.
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