Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Chief Executive Officer Incentive Award Plan
The Compensation Committee of the Board adopted the Chief Executive Officer
Incentive Award Plan (the "Plan"), effective January 1, 2020 amended and
restated effective January 1, 2021, which is designed to provide a strong
financial incentive for chief executive officer ("CEO") performance by making a
significant percentage of the CEO's total cash compensation dependent upon
yearly corporate performance, and to encourage CEO retention. The Plan as
originally adopted was filed with the SEC pursuant to a Current Report on Form
8-K dated November 18, 2019.
The Plan was amended and restated on March 5, 2021 to change the end date of the
Plan from December 31, 2023 to December 31, 2022, and corresponding changes to
dates were made in the Plan. A copy of the amended and restated Plan is being
filed as Exhibit 10.2 to this Current Report on Form 8-K and is incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
10.2 - Weis Markets, Inc. Chief Executive Officer Incentive Award Plan,
effective January 1, 2020 and amended and restated effective January 1, 2021.
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