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MarketScreener Homepage  >  Equities  >  Nasdaq  >  J & J Snack Foods Corp.    JJSF

J & J SNACK FOODS CORP.

(JJSF)
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J&J SNACK FOODS CORP : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

10/26/2020 | 03:05pm EST
Item 5.02(e) DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
             APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF
             CERTAIN OFFICERS.


On October 20, 2020, the Compensation Committee of the Board of Directors of J & J Snack Foods Corp. ("J & J" or the "Company") granted 1,579 restricted shares of its common stock to Ken A. Plunk, the Company's new Senior Vice President, Chief Financial Officer, pursuant to an Inducement Restricted Stock Award Agreement ("Agreement").

The Agreement was approved by the Company's Compensation Committee pursuant to a delegation by the Company's Board of Directors and was issued as an inducement equity grant pursuant to Rule 5635(c)(4) of NASDAQ Listing Rules. The grant was an inducement material to having Mr. Plunk entering into employment with J & J. The Agreement contains provisions relating to equal vesting over a period of three years and subject to Mr. Plunk's continued employment with the Company.

The description of the Agreement contained in this Item 5.02 is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

A copy of the press release announcing the restricted stock inducement grant is furnished with this report as Exhibit 99.1.



Item 9.01      FINANCIAL STATEMENTS AND EXHIBITS
Exhibit Number Description of Document
10.1             Inducement Restricted Stock Award Agreement
99.1             Press Release dated October 21, 2020

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© Edgar Online, source Glimpses

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