Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously reported, the Company has appointed M. Scott Lewis as the
Company's Interim Chief Financial Officer and principal financial officer,
effective March 1, 2023. Mr. Lewis will also continue to serve as the Company's
Chief Accounting Officer and Controller and principal accounting officer.
In respect of his assumption of additional responsibilities, Mr. Lewis will
receive additional base salary of $62,500 per calendar month, effective
February 1, 2023 and continuing during such time as he serves as the Company's
Interim Chief Financial Officer and principal financial officer. In connection
with such appointment, Mr. Lewis will also receive a discretionary long-term
incentive award consisting of restricted stock units having a grant date fair
value of $325,000, which award will vest 33%, 33% and 34%, respectively, on the
first, second and third anniversaries of the grant date.
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