HF Foods Group Inc.
11/26/2024 | Press release | Distributed by Public on 11/26/2024 16:01
Management Change/Compensation Form 8 K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
As previously disclosed, effective October 24, 2024, Xiao Mou (Peter) Zhang departed from his role as Chief Executive Officer of HF Foods Group Inc. (the "Company"). In connection with Mr. Zhang's departure, the Company entered into a Severance Agreement and General Release (the "Severance Agreement") with Mr. Zhang on November 21, 2024. Pursuant to the Severance Agreement, which includes a general release of claims by Mr. Zhang against the Company, Mr. Zhang will be entitled to receive standard severance benefits provided to a Chief Executive Officer under the Company's Amended and Restated Severance Plan, which are described in the Company's Proxy Statement for its Annual Meeting of Stockholders held on June 3, 2024 (filed with the Securities and Exchange Commission on April 24, 2024).