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

On August 27, 2021, the Board of Directors of Eos Energy Enterprises, Inc. (the "Company") appointed Claude Demby, age 56, to the Board of Directors. Mr. Demby will serve as a Class III director with a term that expires at the Company's 2023 Annual Meeting of Stockholders or until his successor is elected and qualified. With this appointment, the Board now has seven directors.

Mr. Demby was not selected as a director pursuant to any arrangements or understandings with the Company or with any other person, and there are no transactions between the Company and Mr. Demby that would require disclosure under Item 404(a) of Regulation S-K.

Mr. Demby will be compensated for his services on the Board in accordance with the Company's Non-Employee Director Compensation Policy, as approved on December 10, 2020 by the Board. Annual compensation for the Company's non-employee directors is comprised of cash and stock-based equity compensation. The cash compensation consists of an annual retainer of $25,000, paid quarterly in arrears, and the annual stock-based equity compensation consists of awards of restricted stock units with a value of $75,000 and stock options with a value of $75,000. A more detailed description of the Company's Non-Employee Director Compensation Policy was previously reported in the Company's form 8-K filed with the Securities and Exchange Commission on December 14, 2020, with a copy of the Non-Employee Director Compensation Policy included as Exhibit 10.01 to the Form 8-K, and is incorporated herein by reference.

The Company has entered into an indemnification agreement with Mr. Demby on the same basis as each of the Company's other directors. This agreement, among other things, requires the Company to indemnify its directors for certain expenses, including attorneys' fees, judgments, fines and settlement amounts incurred by a director in any action or proceeding arising out of their services as one of the Company's directors or any other company or enterprise to which the person provides services at the Company's request. The foregoing description of the indemnification agreement is qualified in its entirety by the full text of the form of indemnification agreement, which was previously filed with the Securities and Exchange Commission on November 20, 2020, as Exhibit 10.13 to its Form 8-K, and is incorporated herein by reference.




Item 9.01 Financial Statement and Exhibits.
(d) Exhibits
Exhibit
Number               Description of Document

99.1                   Press release dated September 1, 2021
104                  Cover page of this Current Report on Form 8-K formatted in Inline XBRL


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