Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

(b) Chief Financial Officer

On August 17, 2022, the Company announced that Mr. Jeffrey Likosar, the Company's President, Corporate Development and Chief Financial Officer has assumed the position of President, Corporate Development and Chief Transformation Officer, and is no longer serving as the Company's Chief Financial Officer, effective August 16, 2022.

(c) Appointment of Chief Financial Officer

On August 16, 2022, the Company appointed Mr. Kenneth J. Porpora, age 46, to serve as its Executive Vice President and Chief Financial Officer, effective immediately. Mr. Porpora has served in roles of increasing responsibility with the Company, including his most recent role as Executive Vice President, Finance since May 2021; Senior Vice President, Chief Growth Officer from December 2018 to May 2021; President, Operations from August 2015 to December 2018; Chief Financial Officer of Residential Business at The ADT Corporation from October 2013 to August 2015; and he held various financial and data analytics leadership roles at ADT from 2009 to October 2013. Mr. Porpora has spent over 20 years in the security industry in a wide range of finance, sales, marketing, data analytics, and operational positions.

In his new role, Mr. Porpora will continue to be party to an Indemnification Agreement with the Company and will receive: (i) an increase in his annual base salary to $600,000 from $491,625, effective immediately; (ii) an increase in target annual bonus for 2022 from 75% of base salary to 100% of base salary, without proration for the timing of his recent promotion; and (iii) an increase of $250,000 beginning in 2023 in the target amount of the annual equity grant to be made to Mr. Porpora, thereby increasing such target amount to $1.0 million. During 2022, in addition to his base salary, Mr. Porpora received bonus compensation for 2021 in the amount of $447,450. In addition, he received an annual equity grant of restricted stock units in each of March 2021 and March 2022 having a fair market value of $750,000.

There have been no other transactions since the beginning of the Company's last fiscal year, and there are no currently proposed transactions, in which the Company was or is to be a participant and in which Mr. Porpora or any member of his immediate family had or will have any interest, that are required to be reported under Item 404(a) of Regulation S-K.

A copy of the press release announcing the appointment of Mr. Porpora as Executive Vice President and Chief Financial Officer is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

     Exhibit      Description
      99.1          Press Release dated August 17, 2022, announcing Mr. Porpora's appointment.

       104        Cover Page Interactive Data File - the cover page XBRL tags are embedded
                  within the Inline XBRL document

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