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





Appointment of President

On August 2, 2021, the Board of Directors of the Company appointed Jay Leveton as President of the Company. On September 12, 2021, the Company and Mr. Leveton entered into an employment agreement (the "Leveton Employment Agreement").

Pursuant to the terms of the Leveton Employment Agreement, Mr. Leveton will receive an annualized base salary of $725,000 and will be eligible for an annual discretionary bonus with a target amount equal to 80% of his then-current base salary. Mr. Leveton will also be paid a cash signing bonus of $325,000. In addition, Mr. Leveton will be eligible to participate in the Company's long-term incentive plans. In the event of Mr. Leveton's termination without "cause" (as defined in the Leveton Employment Agreement) he will be entitled to severance of six months of base salary continuation, payable in regular installments in accordance with the Company's customary payroll practices.

The description of the Leveton Employment Agreement in this Item 5.02 is qualified in its entirety by reference to the terms of the Leveton Employment Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.





Appointment of COO

On August 2, 2021, the Board of Directors of the Company appointed Ryan Greene as Chief Operating Officer of the Company. On September 12, 2021, the Company and Mr. Greene entered into an employment agreement (the Greene Employment Agreement").

Pursuant to the terms of the Greene Employment Agreement, Mr. Greene will receive an annualized base salary of $575,000 and will be eligible for an annual discretionary bonus with a target amount equal to 75% of his then-current base salary. Mr. Greene will also be paid a cash signing bonus of $300,000. In addition, Mr. Greene will be eligible to participate in the Company's long-term incentive plans. In the event of Mr. Greene's termination without "cause" (as defined in the Greene Employment Agreement) he will be entitled to severance of six months of base salary continuation, payable in regular installments in accordance with the Company's customary payroll practices.

The description of the Greene Employment Agreement in this Item 5.02 is qualified in its entirety by reference to the terms of the Greene Employment Agreement, which is filed as Exhibit 10.2 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.






(d) Exhibits.



  10.1     Employment Agreement, dated as of September 12, 2021, by and between the
         Company and Jay Leveton.
  10.2     Employment Agreement, dated as of September 12, 2021, by and between the
         Company and Ryan Greene.
104      Cover Page Interactive Data File (embedded within the Inline XBRL document)

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