Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
On February 20, 2020, the board of directors (the "Board") of Acamar Partners
Acquisition Corp., a Delaware corporation (the "Company"), appointed James E.
Skinner as a Class I director of the Company. Mr. Skinner was appointed as a
member of the Company's Audit Committee and Compensation Committee. Mr.
Solorzano no longer serves as a member of the Company's Audit Committee. The
Board has determined that Mr. Skinner qualifies as an independent director under
rules of the Nasdaq Stock Market.
Mr. Skinner has held various senior management positions with Neiman Marcus
Group, Inc. and its related and predecessor companies from June 2001 until his
retirement in February 2016, including serving as Vice Chairman between July
2015 and February 2016, Executive Vice President, Chief Operating Officer and
Chief Financial Officer between October 2010 and July 2015, and serving as
Executive Vice President and Chief Financial Officer from 2007 to 2010. Mr.
Skinner served as Senior Vice President and Chief Financial Officer of CapRock
Communications Corp. in 2000 and from 1991 until 2000, Mr. Skinner served in
several positions with CompUSA Inc., including Executive Vice President and
Chief Financial Officer beginning in 1994. Mr. Skinner also served as a partner
with Ernst & Young from 1987 until 1991. Mr. Skinner serves on the board of
directors of (i) Fossil Group, Inc. (NASDAQ:FOSL), a global design, marketing
and distribution company of consumer fashion accessories, (ii) Hudson Ltd.
(NYSE: HUD), one of the largest travel retailers in North America, and (iii)
Ares Commercial Real Estate Corporation (NYSE: ACRE), a specialty finance
company that originates and invests in commercial real estate loans and related
investments. Mr. Skinner holds a B.B.A. from Texas Tech University and is a
certified public accountant in Texas. Mr. Skinner provides the Board with
extensive leadership experience obtained from his service as a chief financial
officer of large organizations and his extensive knowledge in accounting,
finance, capital markets, strategic planning and risk management.
No family relationships exist between Mr. Skinner and any other directors or
executive officers of the Company. There are no arrangements between Mr. Skinner
and any other person pursuant to which Mr. Skinner was nominated as a director
of the Company. There are no transactions to which the Company is or was a
participant and in which Mr. Skinner has a material interest subject to
disclosure under Item 404(a) of Regulation S-K.
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