COMMAND CENTER, INC. (OTCMKTS:CCNI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 25, 2018, Command Center, Inc. (the “Company”), and Ronald L. Junck, the Company’s Executive Vice President and General Counsel, entered into an Executive Severance Agreement and Release of Claims (the “Severance Agreement”), attached hereto as Exhibit 10.1, and a Consulting and Nondisclosure Agreement (the “Consulting Agreement”), attached hereto as Exhibit 10.2, each in connection with Mr. Junck’s retirement, which was effective May 25, 2018.
Under the terms of the Severance Agreement, the Company will, among other things, pay Mr. Junck severance in the amount of $75,000 over the course of four months in regular installments, pay all accrued but unused vacation time, and his participation in the Company’s health insurance plans will continue through May 31, 2018. Under the terms of the Consulting Agreement, Mr. Junck will provide consulting services to the Company commencing June 1, 2018, and continuing through July 31, 2018, for a $10,000 monthly fee.
The foregoing descriptions of the Severance Agreement and the Consulting Agreement are not complete and are qualified in their entirety by reference to the full text of the Severance Agreement and the Consulting Agreement, copies of which are filed herewith as Exhibits 10.1 and 10.2 to this Current Report on Form 8-K and are incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
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Exhibit No. |
Description |
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Executive Severance Agreement and Release of Claims between the Company and Ronald L. Junck, dated as of May 25, 2018. |
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Consulting and Nondisclosure Agreement between the Company and Ronald L. Junck, dated as of May 25, 2018. |
Command Center, Inc. ExhibitEX-10.1 2 ccni_ex101.htm EXECUTIVE SEVERANCE AGREEMENT Blueprint Exhibit 10.1 EXECUTIVE SEVERANCE AGREEMENT AND RELEASE OF CLAIMS This Executive Severance Agreement and Release of Claims (“Agreement”) is made by and between Command Center,…To view the full exhibit click here
About COMMAND CENTER, INC. (OTCMKTS:CCNI)
Command Center, Inc. is a staffing company. The Company operates primarily in the manual labor segment of the staffing industry. The Company provides on-demand employees for manual labor, light industrial and skilled trades applications. Its customers are primarily small to mid-sized businesses in the wholesale trades, manufacturing, hospitality, construction, retail and auto auction industries. The Company owns and operates approximately 60 on-demand labor stores in over 20 states. In addition to short and longer term temporary work assignments, the Company recruits and places workers in temp-to-hire situations.
