Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On January 7, 2020, it was agreed that Lisa Bratkovich would no longer serve
as the Chief Marketing Officer of ChromaDex Corporation (the "Company"),
effective January 10, 2020. Ms. Bratkovich entered into an agreement (the
"Separation Agreement") with the Company regarding her separation from the
Company whereby she will receive (a) continuation of her base salary for 12
months, (b) accelerated vesting of time-based equity that would have otherwise
become vested by the one-year anniversary of the termination date and a period
of three years after the termination date to exercise any vested stock options
and (c) payment of COBRA group health insurance premiums for up to 12 months.
The Separation Agreement contains a mutual non-disparagement obligation and a
standard release of claims on the part of Ms. Bratkovich.
Megan Jordan, who joined the Company in August 2019 as Chief Communications
Officer, will assume the additional role of Senior Vice President of Global
Marketing, and will continue to report directly to Robert Fried, the Company's
Chief Executive Officer.
The foregoing description of the terms of the Separation Agreement does not
purport to be complete and is qualified in its entirety by reference to the full
text of the Separation Agreement, a copy of which will be filed with the
Securities and Exchange Commission as an exhibit to the Company's Quarterly
Report on Form 10-Q for the quarter ended March 31, 2020.
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