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

Effective January 7, 2022 (the "Effective Date"), SmileDirectClub, Inc. (the "Company") and Kyle Wailes determined that Mr. Wailes will step down from his role as Chief Financial Officer of the Company. On December 7, 2021, the Company announced that Mr. Wailes notified the Company of his intended departure in order to pursue a role as CEO at a Nashville healthcare company. Mr. Wailes had served as Chief Financial Officer of the Company since May 2018.

The Company has appointed its Chief Accounting Officer, Troy Crawford, 54, as its interim Chief Financial Officer, effective January 8, 2022. Mr. Crawford has served as the Company's Chief Accounting Officer since January of 2020. Prior to that, he served as the Senior Vice President and Chief Accounting Officer of GameStop beginning in June 2010, after serving as its Vice President, Controller prior to that time. Mr. Crawford's compensation consists of an annual base salary of $525,000, with a target bonus opportunity of 50% of his base salary and an annual target equity award opportunity worth 75% of his base salary in restricted stock units.

The Company is continuing its external search for its next Chief Financial Officer and has engaged an executive search firm.

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