Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On September 21, 2020, GSE Systems, Inc. (the "Company"), informed Paul Abbott,
the President of the Company's Nuclear Industry Training & Consulting division,
that his tenure in that capacity will end effective on October 21, 2020.
Although the Company's notification constitutes a termination without cause
pursuant to Mr. Abbott's employment agreement dated November 15, 2017, the
Company and Mr. Abbott intend to discuss other opportunities to work together in
the future. The Company is grateful for Mr. Abbott's many years of leadership
and service to the Company as President of the NITC division.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GSE SYSTEMS, INC.
By:
/s/ Daniel Pugh
Daniel Pugh
Secretary, Chief Legal and Risk Officer
September 25, 2020
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