Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As a result of the delay in Thomas Cancro, the Company's Chief Financial Officer, being able to relocate his residence to the area of the corporate headquarters of DZS, Inc. (the "Company") due to the COVID-19 pandemic, on December 1, 2020 the Company and Mr. Cancro entered into an amendment (the "Amendment") to Mr. Cancro's employment agreement (the "Employment Agreement") with the Company. Pursuant to the Amendment, the Company agreed to extend the period in which it would reimburse Mr. Cancro for reasonable housing and automobile expenses by three (3) months.

The foregoing descriptions of the Employment Agreement and the Amendment do not purport to be complete and are qualified in their entirely by reference to the full text of (i) the Employment Agreement, previously filed as Exhibit 10.1 to the Company's Current Report on Form 8-K dated November 25, 2019, and (ii) the Amendment, a copy of which is attached 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             Amendment to Employment Agreement effective December 1, 2020 by
                  and between DZS Inc. and Thomas Cancro.

    104           Cover Page Interactive Data File (embedded within the Inline XBRL
                  document)

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