Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On August 25, 2022, Y. Tristan Kuo announced to the board of directors of
Aerkomm Inc. (the "Company") that he was retiring from his position as Chief
Financial Officer of the Company, effective as of August 29, 2022. Mr. Kuo's
resignation was not the result of any disagreement with the Company on any
matter relating to its operation, policies (including accounting or financial
policies) or practices.
On August 29, 2022, the Company entered into an independent contractor agreement
with Mr. Kuo pursuant to which he will assist and advise the Company during a
short period of time until it transitions to a new chief financial officer. Mr.
Kuo will be assisting the Company with the following matters: SEC reporting,
financial, accounting and SOX issues, and public offering and financing issues,
until February 28, 2023 (unless the agreement is terminated earlier pursuant to
its terms). The Company will pay Mr. Kuo a fee of $15,000 per month with a
one-time $15,000 signing bonus and will reimburse Mr. Kuo for certain
out-of-pocket expenses. A copy of the Company's agreement with Mr. Kuo is
attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits:
Exhibit No. Description
10.1 Independent Contractor Agreement with Y. Tristan Kuo dated August
29, 2022
1
© Edgar Online, source Glimpses