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


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On August 10, 2020, Crown Electrokinetics Corp., a Delaware corporation (the "Company") announced the hiring of Phil Anderson, age 53, as Chief Financial Officer ("CFO") effective immediately.

Prior to his appointment as the Company's CFO, from June 2019 to January 2020, Mr. Anderson served as a consultant for Kubient Inc. At Kubient, Mr. Anderson helped guide Kubient through its initial public offering process. From June 2017 to May 2019, Mr. Anderson served as the Chief Financial Officer of Edison Nation Inc. (NASDAQ: EDNT), where he was responsible for maintenance and preparation the company's financial statements, as well as the company's initial public offering process. Prior to Edison Nation Inc., Mr. Anderson was the Chief Financial Officer of Electronic Cigarettes International Group Ltd. (OTCBB: ECIG) from January 2015 through May 2017. In that role, Mr. Anderson coordinated the restructuring of the company's debt and multiple issuances of senior secured loans. Mr. Anderson was also responsible for coordinating the company's public company filing obligations. Earlier in his career, Mr. Anderson gained significant equity research experience.

Mr. Anderson will receive an annual base salary of at least $200,000. In addition, Mr. Anderson will receive a ten (10) year option to purchase 2,233,932 shares of the Company's common stock at an exercise price determined by the Company's board of directors. The option will vest on the date that is thirty (30) days from September 9, 2020.


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