Item 5.02 Departure of Directors of Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensation Arrangements of Certain
Officers
(a) Removal of Quentin Ponder as Chief Financial Officer and Treasurer
On April 9, 2023, the Board of Directors of Cool Technologies, Inc. ("CoolTech")
removed Quentin Ponder from his position as Chief Financial Officer and
Treasurer of the Company due to an unexpected illness.
(b) Appointment of Judson Bibb as interim Chief Financial Officer
On April 9, 2023, CoolTech's Board of Directors appointed Judson Bibb interim
Chief Financial Officer of the Company effective immediately. Mr. Bibb will hold
the position until a new CFO and Treasurer can be interviewed and elected to the
position by the Board of Directors.
Mr. Bibb currently serves as Vice President and Secretary of the Board --
positions he has held with the Company since 2012. The additional title and
interim designation will not change Mr. Bibb's compensation.
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