Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On March 8, 2021, the holders of Jack Creek Investment Corp.'s (the "Company")
Class B ordinary shares elected Richard Noll to serve as a director of the
Company. Mr. Noll will also serve as a member of the Audit Committee,
Compensation Committee and Nominating Committee, with the Company's Board of
Directors having determined that Mr. Noll satisfied all applicable requirements
to serve on such committees, including without limitation the applicable
independence requirements of the Nasdaq Capital Market and the Securities
Exchange Act of 1934, as amended. Following the appointment of Mr. Noll, the
Company's Compensation Committee and Nominating Committee each consists of
Heather Hartnett, Samir Kaul and Mr. Noll and the Company's Audit Committee
consists of Heather Hartnett, Samir Kaul, Jeffrey Kelter and Mr. Noll. Mr. Noll
will serve as part of the Company's second class of directors until the second
Annual Meeting of Stockholders or until his successor shall be elected and duly
qualified.
Mr. Noll served as Chairman of the Board of Directors of Hanesbrands Inc. from
2009 to 2019, and Chief Executive Officer from 2006 to 2016. Mr. Noll joined
Hanesbrands Inc. from Sara Lee Corporation where he worked for 14 years in
various management positions, including President and Chief Operating Officer of
Branded Apparel and Chief Executive Officer and Chief Operating Officer of Sara
Lee Bakery Group, and led the turnarounds of several Sara Lee Corporation bakery
and apparel businesses. Since January 2020, Mr. Noll is Chairman of the Board of
Reynolds Consumer Products Inc., and serves on the Audit Committee and
Compensation, Nominating and Corporate Governance Committee. In July 2019 he was
appointed a member of the board of directors of Carter's Inc., where he serves
as a member of its compensation committee. Mr. Noll previously served as a
director of Fresh Market Inc. from 2011 to 2016. Mr. Noll received a B.A. in
Business Administration from Pennsylvania State University and an M.B.A. from
Carnegie Mellon University. The Company believes Mr. Noll is well qualified to
serve on the Board due to his extensive managerial experience.
There are no arrangements or understandings between Mr. Noll and any other
person pursuant to which he was elected as a director of the Company, and there
are no family relationships between Mr. Noll and any of the Company's other
directors or executive officers.
In connection with Mr. Noll's appointment, he and the Company entered into an
indemnification agreement, a letter agreement and a joinder to the registration
and shareholder rights agreement, each dated as of March 8, 2021, entered into
by the Company with its directors and officers in connection with the Company's
initial public offering. Each of the director indemnification agreement, the
letter agreement and the registration and shareholder rights agreement was
described in, and the forms of which were filed as exhibits to, the Company's
registration statement relating to the Company's initial public offering (File
No. 333-248951).
In connection with his appointment as a director of the Company, Mr. Noll will
receive 25,000 founder shares from the Company's sponsor, JCIC Sponsor LLC.
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