Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On February 15, 2021, William S. Marth was appointed to the board of directors
(the "Board") of Teligent, Inc. (the "Company"). In connection with his
appointment to the Board, Mr. Marth was appointed as a member of the Board's
Nominating and Corporate Governance Committee and Organization and Compensation
Committee.
There are no arrangements or understandings between Mr. Marth and any other
persons pursuant to which Mr. Marth was selected as a member of the Board, and
there are no transactions between Mr. Marth and the Company that would be
reportable under Item 404(a) of Regulation S-K.
Mr. Marth will receive compensation for his service as a member of the Board in
accordance with the Company's non-executive director compensation policy, which
is described under the caption "Executive Officer and Director Compensation" in
the Proxy Statement for the 2020 Annual Meeting of Stockholders of the Company
as filed with the Securities and Exchange Commission on June 10, 2020, and will
be reimbursed for reasonable expenses incurred in connection with his service on
the Board. In addition, the Company will enter into its standard form of
director and officer indemnification agreement with Mr. Marth.
Item 8.01 Other Events
On February 16, 2021, the Company issued a press release in connection with the
appointment of Mr. Marth to the Board, a copy of which is attached as Exhibit
99.1 to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Exhibit Description
99.1 Press Release dated February 16, 2021
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