Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(e) OnDecember 28, 2020 , the Board of Directors ofImage Sensing Systems, Inc. (the "Company") approved an increase in base salary forChad A. Stelzig , the Company's President and Chief Executive Officer from$260,000 to$275,000 , and forFrank G. Hallowell , the Company's Chief Financial Officer, from$220,000 to$235,000 . The increase in base salaries forMr. Stelzig and Mr. Hallowell are retroactive toNovember 1, 2020 . 1
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