Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 14, 2022, the Compensation Committee (the "Compensation Committee")
of the Board of Directors of Resonant Inc. approved increases in the annual base
salaries payable to our executive officers, including Martin McDermut and Dylan
Kelly, our Chief Financial Officer and Chief Operating Officer, respectively,
who are our named executive officers, in the amounts set forth opposite their
names below. Such increases become effective on January 22, 2022.
Executive Old Annual Base Salary New Annual Base Salary
Martin McDermut $314,716 $333,599
Dylan Kelly $300,000 $316,500
On January 14, 2022, the Compensation Committee awarded restricted stock units
("RSUs") under the Resonant Inc. Amended and Restated 2014 Omnibus Incentive
Plan to our employees, including George Holmes, our CEO, and Messrs. McDermut
and Kelly in the amounts set forth opposite their names below. Such RSUs will
vest in four equal annual installments on December 1, 2022, 2023, 2024 and 2025,
provided the recipient remains employed with us until the vesting date. The RSU
award to Mr. Holmes was approved by our Board of Directors upon the
recommendation of the Compensation Committee.
Executive Number of RSUs
George Holmes 188,053
Martin McDermut 61,272
Dylan Kelly 53,097
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