Item 5.02.Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
OnJanuary 7, 2021 ,Scott's Liquid Gold-Inc. , aColorado corporation (the "Company"), announced entering into an agreement (the "Agreement") withMaran Capital Management, LLC ("Maran"), to appoint Rimmy Malhotra,Tisha Pedrazzini , andDaniel J. Roller to the Company's Board of Directors.Mr. Malhotra will serve on the Audit Committee and the Compensation Committee, andMr. Roller will serve on theNominating and Corporate Governance Committee . Mr. Mahotra,Ms. Pedrazzini , andMr. Roller will receive compensation for their service consistent with that of the Company's other non-employee directors. The Agreement requires Maran to comply with customary standstill provisions and voting commitments and is filed as Exhibit 10.1 to this Current Report and incorporated herein by reference.
Item 7.01.Regulation FD Disclosure.
OnJanuary 7, 2021 , the Company issued a press release announcing the appointment of the three new directors. A copy of the press release is furnished as Exhibit 99.1 to this Current Report. The information in this Item 7.01 and contained in Exhibit 99.1 will not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor will such information or exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as is expressly set forth by specific reference in such a filing.
Note Regarding Forward-Looking Statements
This Current Report may contain "forward-looking statements" within the meaning of the federal securities laws that are intended to qualify for the Safe Harbor from liability established by the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" generally can be identified by the use of forward-looking terminology such as "assumptions," "target," "guidance," "strategy," "outlook," "plans," "projection," "may," "will," "would," "expect," "intend," "estimate," "anticipate," "believe", "potential," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology. Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, or results. All forward-looking statements, by their nature, are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Actual future objectives, strategies, plans, prospects, performance, conditions, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events or circumstances to differ from those in forward-looking statements are described in the Company's Annual Report on Form 10-K for the year endedDecember 31, 2019 and the Company's subsequent Quarterly Reports on Form 10-Q and other periodic reports filed with theSecurities and Exchange Commission . Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except as required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent filings with theSecurities and Exchange Commission .
Item 9.01.Financial Statements and Exhibits.
(d)Exhibits: The following exhibits are filed as part of this report:
Exhibit No. Description 10.1 Agreement betweenMaran Capital Management andScott's Liquid Gold-Inc. , datedJanuary 6, 2021 . 99.1Scott's Liquid Gold-Inc. press release, datedJanuary 7, 2021 .
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