ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On March 15, 2022, Lee Belitsky, Executive Vice President overseeing the
Company's real estate, supply chain, and Gamechanger, communicated his intention
to retire from his position effective May 1, 2022. The Company and Mr. Belitsky
have entered into a two-year consulting agreement pursuant to which he will
continue serving as the Company's representative on the board of an unaffiliated
technology company for no additional compensation and may also perform
additional services from time to time for fees commensurate with his current
base salary. Mr. Belitsky also may participate in health benefits provided by
the Company during the consulting period.
Mr. Belitsky is subject to Company's standard non-compete and confidentiality
agreement, which will remain in effect until one year after the end of the
consulting period. Mr. Belitsky may terminate the consulting agreement at any
time, and the Company may terminate the agreement due to misconduct,
unsatisfactory performance, material breach of the consulting agreement,
material breach of the Company's non-compete and confidentiality agreement, or
material violation of Company policies.
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