ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.

Base Salary Increase for an Executive Officer

On September 16, 2020, the Nominations, Governance and Compensation Committee of the Board of Directors of the Company approved an annual base salary of $450,000 (a 17% increase from the prior annual base salary of $385,000), effective September 19, 2020, for Mr. Kennedy in connection with his promotion as Senior Vice President and Chief Operational Officer. Subsequently, on September 17, 2020, the Board of Directors of the Company changed Mr. Kennedy's title to Executive Vice President and Chief Operational Officer.

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