UNIFI, INC. (NYSE:UFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02.
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On May19, 2017, the Company and Mr.Hall entered into the
Amendment to the Employment Agreement to accelerate the start
date of his employment as Chief Executive Officer of the Company
and his election as a member of the Board to make each effective
as of that same date (the Amended Start Date). All other terms of
the Employment Agreement remain unchanged.
As reported in the Original 8-K, to the terms of the Employment
Agreement, Mr.Hall received on the Amended Start Date an award of
(i)options to purchase 25,000 shares of the Companys common stock
and (ii)restricted stock units representing 75,000 shares of the
Companys common stock. A copy of the Employment Agreement was
filed as Exhibit 10.1 to the Original 8-K.
The foregoing description of the Amendment does not purport to be
complete and is qualified in its entirety by the contents of the
Amendment, a copy of which is attached hereto as Exhibit 10.1 and
is incorporated into this Item 5.02 by reference.
| Item9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
The following exhibit is filed herewith:
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Exhibit No. |
Description |
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| 10.1 |
Amendment No.1 to Employment Agreement for Kevin D. Hall, dated May19, 2017. |
About UNIFI, INC. (NYSE:UFI)
Unifi, Inc. is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns. Each polyester product is available in virgin or recycled varieties, where the recycled is made from both pre-consumer yarn waste and post-consumer waste, including plastic bottles. The Company’s nylon products include textured, solution dyed and spandex covered products. The Company’s products include REPREVE, Sorbtek, Reflexx, aio, Augusta and A.M.Y. The Company’s principal geographic markets for its products are located in North America, Central America, South America and Asia. UNIFI, INC. (NYSE:UFI) Recent Trading Information
UNIFI, INC. (NYSE:UFI) closed its last trading session up +0.03 at 27.45 with 52,479 shares trading hands.
