09/09/2024 | Press release | Distributed by Public on 09/09/2024 05:56
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 5, 2024 the Company's Board of Directors unanimously approved the resignation of Christine Chang as the Company's CEO, effective August 31, 2024. Ms. Chang will continue to serve as a director of the Company. The resignation was for personal reasons and not as a result of any disagreement with the Company of actions or policies. Ms. Chang has been shown a copy of this Form 8-K before its filing.
On September 5, 2024, the Company's Board of Directors also approved the vesting of 880,250 restricted stock units ("RSUs") to Ms. Change which represents 25% of the RSUs previously granted to her as representing a pro rata allocation based on time served.
On September 5, 2024, the Company's Board of Directors also appointed Chris Chang, founder of the Company and its former CEO as CEO.