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

Reference is made to the Current Report on Form 8-K of Capstar Holdings, Inc. (the "Company") dated September 28, 2018 and filed with the U.S. Securities and Exchange Commission on January 4, 2019 reporting, under Item 5.02 thereof, the entry by the Company's subsidiary, Capstar Bank (the "Bank"), into the Second Amended and Restated Executive Employment Agreement (the "Prior Agreement") with Christopher Tietz ("Tietz"). The Prior Agreement was scheduled to expire on May 31, 2021; however, following verbal renewal of the Prior Agreement, on September 14, 2021, Tietz entered into a Third Amended and Restated Executive Employment Agreement (the "Tietz Amended and Restated Agreement") with the Bank. Pursuant to the Tietz Amended and Restated Agreement, Mr. Tietz's base salary will be $315,000 per annum, and Mr. Tietz will be eligible to receive an annual target bonus of 40% of his base salary with a threshold of 20% and maximum of 60%, subject to the terms and conditions set forth annually by the Board of Directors of the Bank (the "Bank Board") pursuant to any bonus plan that may be adopted by the Bank Board. Additional terms provided for under the Tietz Amended and Restated Agreement are as follows:





    •   Both Mr. Tietz and the Bank have the right to terminate the Tietz Amended
        and Restated Agreement at any time, with or without cause, subject to the
        potential for severance payments as discussed below.




    •   Mr. Tietz is entitled to a severance payment equal to continued payment
        of base salary and benefits in the event the Bank terminate the Tietz
        Amended and Restated Agreement without cause or the executive resigns for
        good reason. The severance payment would be continued for 12 months.




    •   For termination occurring as a result of a change in control, as defined
        in the Tietz Amended and Restated Agreement, Mr. Tietz would receive
        payments equal to two times his respective base salary (payable in 24
        equal monthly installments) and continuation of benefits for 24 months,
        unless employment was terminated with cause or by reason of disability or
        the executive resigned without good reason.




    •   Mr. Tietz has agreed to maintain the confidentiality of non-public
        information and trade secrets learned during the course of his employment
        and further agreed that the Bank maintains ownership over its work
        product.




    •   Mr. Tietz is subject to restrictive covenants relating to his ability to
        (i) solicit Bank clients for or on behalf of a competing business, (ii)
        solicit employees of the Bank for another business, or (iii) engage in a
        competing business that operates in any other county in which the Bank
        operates. These restrictions apply for the duration of Mr. Tietz's
        employment and following termination for a period of 12 months for Mr.
        Tietz.




    •   The extended term of Mr. Tietz's employment shall end on May 31, 2022
        with the option for a one year renewal.

The above summary of the Tietz Amended and Restated Agreement is qualified by reference in its entirety to the full Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits The following exhibit index lists the exhibits that are filed with this Current Report on Form 8-K.

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