Item 2.02. Results of Operations and Financial Condition.

On November 6, 2020, the Registrant distributed over a wire service and posted to the investor relations page of its website (www.genie.com), an earnings release announcing its results of operations for the quarter ended September 30, 2020. A copy of the earnings release concerning the foregoing results is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.

The Registrant is furnishing the information contained in this Report, including Exhibit 99.1, pursuant to Item 2.02 of Form 8-K promulgated by the Securities and Exchange Commission (the "SEC"). This information shall not be deemed to be "filed" with the SEC or incorporated by reference into any other filing with the SEC unless otherwise expressly stated in such filing. In addition, this Report and the press release contain statements intended as "forward-looking statements" that are subject to the cautionary statements about forward-looking statements set forth in the press release.

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

(e) On November 4, 2020, the Compensation Committee of the Board of Directors of the Registrant approved an amended and restated compensation arrangement between the Registrant and Howard Jonas, the Registrant's Chairman of the Board of Directors (a non-executive officer position), that will become effective following the scheduled expiration of the current employment agreement between the Company and Mr. Jonas on December 31, 2020. The Fourth Amended and Restated Employment Agreement between the Registrant and Mr. Jonas to be effective as of January 1, 2021 provides for: (i) a three-year term commencing January 1, 2021, (ii) an annual base salary of $200,000 and (iii) a grant of 100,000 restricted shares of the Company's Class B common stock, which shall vest in substantially equal installments on January 5, 2022, 2023 and 2024.

On November 4, 2020, the Compensation Committee of the Board of Directors of the Registrant approved an amended and restated compensation arrangement between the Registrant and Avi Goldin, the Registrant's Chief Financial Officer that will become effective following the scheduled expiration of the current employment agreement between the Company and Mr. Goldin on December 31, 2020. The Third Amended and Restated Employment Agreement (the "Employment Agreement") between the Registrant and Mr. Goldin to be effective as of January 1, 2021 provides for: (i) a three-year term commencing January 1, 2021, (ii) an annual base salary of $400,000, (iii) an annual guaranteed bonus of $140,00 and additional performance bonuses in the discretion of the Compensation Committee and (iv) severance upon certain terminations or non-renewals of the Employment Agreement.

A copy of the Employment Agreement is filed as Exhibit 10.01 to this report and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit No.   Document
10.01           Third Amended and Restated Employment Agreement, dated as of November
              4, 2020, between the Registrant and Avi Goldin.
99.1            Press Release, dated November 6, 2020, reporting the results of
              operations for the quarter ended September 30, 2020.




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