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

On September 27, 2021, the Company amended the employment agreements between the Company and each of Mr. Stephen G. Berman, our Chief Executive Officer, Mr. John (a/k/a Jack) McGrath, our Chief Operating Officer, and Mr. John Kimble, our Chief Financial Officer. The purpose of the amendments was to change the issuance, past and future, of all restricted stock awards to restricted stock units. All other material terms of the respective employment agreements remain the same, including without limitation, the terms of all such grants including the timing of all vesting periods and the vesting benchmarks.

All capitalized terms used herein, but not defined herein, have the meanings ascribed thereto in the respective employment agreements, as amended.

The foregoing description of the various amendments to the respective employment agreements is qualified in its entirety by reference to the full text of each amendment, a copy of each of which is filed as an Exhibit to this Form 8-K and is incorporated by reference into this Item 5.02.




Item 9.01.         Financial Statements and Exhibits.



(d)      Exhibits



Exhibit Description

10.1      Amendment No. 6 to the Second Amended and Restated Employment Agreement
        of Stephen G. Berman
10.2      Amendment No. 8 to the Employment Agreement of John a/k/a Jack McGrath
10.3      Amendment No. 2 to the Employment Letter of John Kimble
10.4      Form of Restricted Stock Unit
104     Cover Page Interactive Data File (formatted as Inline XBRL)




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