ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On January 19, 2023, the Company's Board of Directors appointed Haviv Ilan to
the position of President and Chief Executive Officer succeeding Richard K.
Templeton. The appointment and transition will be effective April 1, 2023.
Mr. Templeton will remain Chairman of the Board. Mr. Ilan, 54, is currently a
member of the Board and has served in various leadership positions during his
tenure with the Company, including, during the past five years, Senior Vice
President and his current role as Executive Vice President and Chief Operating
Officer. In connection with his appointment, Mr. Ilan will receive an annual
base salary of $1,150,000 beginning April 1, 2023. The remainder of Mr. Ilan's
compensation remains unchanged.
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