Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
New Director Appointment
On July 23, 2021, Ms. Kathleen A. Bayless was appointed as a member of the Board
of Directors (the "Board") of Energous Corporation (the "Company") and as a
member of the audit committee of the Board, to serve until the 2022 annual
meeting of stockholders or such time as a successor is duly elected.
Ms. Bayless will be compensated pursuant to the Company's standard director
compensation arrangement, including an initial equity award of 37,091 restricted
stock units vesting over three years. Ms. Bayless has also entered into the
Company's standard indemnification agreement for directors. There are no
arrangements or understandings between Ms. Bayless and any other person pursuant
to which she was elected as a director. There are no transactions between the
Company and Ms. Bayless that would require disclosure under Item 404(a) of
Regulation S-K.
Chief Financial Officer Resignation
On July 23, 2021, Mr. Brian Sereda notified the Board of his intention to resign
from his position as the chief financial officer ("CFO") of the Company
effective as of August 11, 2021, after which he will continue to support the
Company in an advisory capacity for a period of time. Mr. William Mannina, the
Company's controller and VP of Finance will serve as acting CFO upon
Mr. Sereda's departure.
Acting Chief Executive Officer Appointment
Effective as of July 23, 2021, Mr. Cesar Johnston, the Company's Chief Operating
Officer and Executive Vice President of Engineering, was appointed as the
Company's Acting Chief Executive Officer. Upon his appointment, the Office of
the CEO, which was comprised of Mr. Sereda, Mr. Johnston, and Mr. Neeraj
Sahejpal, the Company's Senior Vice President of Marketing and Business
Development, was disbanded. Additional information regarding Mr. Johnston,
including his biography, is described in the Company's proxy statement filed
with the Securities and Exchange Commission on April 30, 2021.
On July 29, 2021, the Company issued a press release regarding Ms. Bayless's,
Mr. Johnson's and Mr. Mannina's appointments, which is included as Exhibit 99.1
to this Form 8-K. The information in Exhibit 99.1 is being furnished and shall
not be deemed "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities of that
section. The information in Exhibit 99.1 shall not be incorporated by reference
into any registration statement or other document pursuant to the Securities Act
of 1933, as amended.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
Number Description of Exhibit
99.1 Press Release dated July 29, 2021
104 The cover page on this Current Report on Form 8-K, formatted in Inline XBRL
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses
ENERGOUS CORPORATION 
