Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On
•Mr. Kuta will continue to serve as an employee of the Company throughMarch 5, 2023 (the "Retirement Date"), and will continue to serve as Chief Financial Officer through the earlier of that date and the date a new Chief Financial Officer is appointed; •Mr. Kuta will be entitled to a bonus for 2022 based on the same corporate performance rating used to determine bonuses for other members of the Company's senior management team; and •Mr. Kuta's outstanding equity awards will vest as of the Retirement Date.
The above description of the Retirement Agreement is qualified in its entirety by reference to the text of the agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1 Retirement Agreement, dated as ofSeptember 29, 2022 , by and betweenDMC Global Inc. andMichael Kuta .
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