Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On January 10, 2020, YayYo, Inc. (the "Company") entered into an Executive
Employment Agreement (the "Agreement") with the Company's Chief Executive
Officer, Jonathan Rosen, pursuant to which Mr. Rosen will continue to serve as
the Company's Chief Executive Officer for one year or until terminated in
accordance with the Agreement.
Pursuant to the Agreement, Mr. Rosen shall receive a base annual salary at a
rate of $300,000 per year ($25,000 per month), subject to applicable taxable
withholding and deductions and payable in accordance with the Company's standard
payroll practice. Additionally, Mr. Rosen shall be granted 500,000 options to
acquire common shares in the capital of the Company with a price equal to the
$4.00 per share in accordance with the Company's stock option plan.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description
10.1 Employment Agreement, dated as of January 10, 2020, by and between
YayYo, Inc. and Jonathan Rosen, Chief Executive Officer
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