Item 5.02 Departure of Directors or Certain Officers; Election of Directors;


          Appointment of Certain Officers; Compensatory Arrangements of Certain
          Officers.

On September 30, 2022, Sharps Technology, Inc. (the "Company") entered into a formal employment agreement (the "Agreement") with Andrew R. Crescenzo (age 65), who has been serving as the Company's Chief Financial Officer (CFO) on a contract services basis for the last three years.

Mr. Crescenzo's term as the Company's CFO will begin on September 30, 2022, and continue until terminated by either party, subject to the terms of the Agreement (the "Term"). For his services, Mr. Crescenzo will be paid $225,000 a year and shall receive a one-time $18,750 incentive payment upon the commencement of the Agreement. During the course of the Term, Mr. Crescenzo will be eligible for (i) performance bonuses to be granted at the discretion of the Company's Compensation Committee and (ii) to participate in the Company's 2022 Equity Incentive Plan. The Agreement contains a perpetual confidentiality covenant as well as non-competition and employee and customer non-solicitation covenants that apply during the Term and for a period of one year following Mr. Crescenzo's termination.

Before joining the Company as CFO in May 2019 under a consulting agreement with CFO Consulting Partners LLP, Mr. Crescenzo served in various finance roles in the biotech, manufacturing and distribution industries. From 2014 to 2016, he was CFO of United Metro Energy and from 2006 to 2014, he served as Senior VP of Finance at Enzo Biochem (NYSE:ENZ). Prior to 2006, Mr. Crescenzo was an Executive Director (2002-2006) and a Senior Manager (1997-2002) at Grant Thornton LLP. Mr. Crescenzo is a Certified Public Accountant and received his Bachelor of Business Administration from Adelphi University.

There are no other arrangements or understandings between Mr. Crescenzo and any other person pursuant to which Mr. Crescenzo was appointed CFO of the Company. There are also no family relationships between Mr. Crescenzo and any director or executive officer of the Company, and Mr. Crescenzo has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

The foregoing is a summary description of the Agreement. For a full description, please refer to the copy of the Agreement that is incorporated by reference and filed herewith as Exhibit 10.1.



Item 9.01 Exhibits



Exhibit
No.       Description
10.1        Employment Agreement, dated September 30, 2022, by and between Sharps
          Technology, Inc., and Andrew R. Crescenzo
104       Cover Page Interactive Data File (embedded within the Inline XBRL
          document)

© Edgar Online, source Glimpses