Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
The Board of the Company appointed Christopher J. Reedy, 56, as Executive Vice
President, Chief Operating Officer and Secretary of the Company on January 20,
2023. The Company issued a press release announcing his promotion on January 26,
2023, which is attached hereto as Exhibit 99.1.
Mr. Reedy has been employed by the Company for 22 years and most recently served
as the Company's Vice President and Secretary since 2005. Mr. Reedy's employment
is subject to an employment contract with the Company that runs through December
31, 2024, a copy of which was filed as Exhibit 10.2 to the Current Report on
Form 8-K filed February 4, 2020. Mr. Reedy's compensation is disclosed in the
Company's definitive proxy statement filed with the SEC on August 15, 2022, and
no change in his compensation has occurred as a result of his promotion.
Other than the employment contract referenced above, there are no other
arrangements or understandings between Mr. Reedy and any other person pursuant
to which he was appointed as Chief Operating Officer. There are no family
relationships between Mr. Reedy and any director or executive officer of the
Company and there are no relationships or related transactions between Mr. Reedy
and the Company that would be required to be reported pursuant to Item 404(a) of
Regulation S-K.
Effective January 20, 2023, Craig D. Stewart's employment with the Company was
terminated. Mr. Stewart remains on the Company's board of directors.
Item 9.01 Financial Statements and Exhibits
No. Description
99.1 Press Release dated January 26,
2023
104 Cover Page Interactive Data File
(embedded within the Inline XBRL
document)
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