Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 30th, 2022, David Brown resigned as acting Chief Financial Officer
of the Company to pursue other opportunities. Mr. Brown's resignation was not
the result of any disagreement with respect to the Company's operations,
policies, or practices.
The Board of Directors has appointed Bill Bauer to serve as the Interim Chief
Financial Officer while the Company searches for a replacement for Mr. Brown.
Bill has served as General Counsel and Director of Strategic planning for the
Company since January 2020.
Prior to joining Franklin, Bill served as in-house legal counsel and senior
finance executive across various industries in California and Texas. Bill has
over 15 years of experience in finance and executive management. Bill also holds
a Master's degree in Business Administration from San Diego State University and
a Juris Doctorate from California Western School of Law. Bill is also a member
of both the California and Texas State Bars.
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