Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 27, 2021, the compensation committee of our board of directors (and with
respect to our Chief Executive Officer, the independent members of our board of
directors) approved bonus payments for fiscal year 2021 and salary changes for
fiscal year 2022 for our current executive officers. The following table sets
forth, for our current executive officers, the amount of such officer's bonus
for fiscal year 2021 and salary for fiscal year 2022.
Name Fiscal Year 2021 Bonus Fiscal Year 2022 Salary
Susan Washer $ 247,576 $ 550,758
Stephen Potter $ 109,510 $ 381,839
As previously disclosed in the Company's Quarterly Report on Form 10-Q filed on
May 17, 2021, William Sullivan resigned as Chief Financial Officer and Treasurer
effective June 9, 2021. In accordance with the terms of Mr. Sullivan's
employment agreement, as amended, the compensation committee approved a bonus
payment to Mr. Sullivan for fiscal year 2021 in the amount of $124,194.
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