Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On December 30, 2019, Clyde Wm. Engle resigned from the Board of Directors (the
"Board") of Rocky Mountain Chocolate Factory, Inc. (the "Company") and as a
member of the Audit Committee of the Board, effective immediately. His
resignation was not a result of any disagreement with the Company on any matter
relating to the Company's operations, policies or practices.
In consideration of his significant contributions to the Company over the years
and as consideration for a release, the Company entered into a resignation
agreement with Mr. Engle, pursuant to which the Company will pay Mr. Engle a
one-time payment of $39,000, payable in common stock of the Company.
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