Cosi, Inc. (OTCMKTS:COSIQ) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
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Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Company), entered into an Amendment to the Engagement Letter
dated September 27, 2016, with The OConnor Group, Inc. (TOG)
regarding the engagement of TOG, specifically Mr. Edward
Schatz, by the Company. As disclosed in the Current Report on
Form 8-K filed February 6, 2017, in addition to serving as the
acting CFO of the Companys bankruptcy estates, Mr. Schatz has
been appointed and agreed to serve, as the acting CEO of the
Company, effective as of January 6, 2017, and continuing until
the effective date of the Companys plan of reorganization. The
Amendment memorializes the adjusted terms of TOGs and Mr.
Schatz engagement, subject to approval of the Bankruptcy Court,
as disclosed in the Current Report on Form 8-K filed February
7, 2017.
incorporated herein by reference.
Contractor Agreement with Chad Fitzhugh, effective as of
December 20, 2017 (Consulting Agreement), to serve as the
Companys acting Chief Financial Officer of Company operations,
effective as of December 20, 2016, and memorializing the terms
of his engagement, as disclosed in the Current Report on Form
8-K filed December 28, 2016.
10.2 and is incorporated herein by reference.
| ITEM 7.01. |
Regulation FD Disclosure.
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to documents filed with the Bankruptcy Court and other general
information about the Chapter 11 Cases, is available at a
subscription based service known as PACER at
https://pacer.mab.uscourts.gov/cgi-bin/login.pl .
and shall not be deemed filed for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the Exchange Act),
or otherwise subject to the liabilities of such section. The
information in Item 7.01 of this Form 8-K shall not be
incorporated by reference into any filing under the Securities
Act of 1933, as amended, or the Exchange Act, regardless of any
incorporation by reference language in any such filing.
| ITEM 9.01(d). |
Exhibits.
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Exhibit No.
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Description
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Paper (P) or
Electronic (E)
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10.1
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Amendment to Engagement Letter, dated February 2, 2017,
between The OConnor Group, Inc., and Cosi, Inc. |
E
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10.2
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Independent Contractor Agreement, dated February 4, 2017,
between Chad Fitzhugh and Cosi, Inc. |
E
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About Cosi, Inc. (OTCMKTS:COSIQ)
Cosi, Inc. owns, operates and franchises restaurants. The Company offers a range of house coffees and other espresso-based beverages, handcrafted specialty drinks, along with soft drinks, flavored teas, bottled beverages, including premium still and sparkling waters, teas and, in some locations, beer and wine. The Company operates approximately 110 company-owned and franchised restaurants operating in over 15 states, the District of Columbia, the United Arab Emirates (UAE), and Costa Rica. It operates and develops in both urban and suburban markets. It offers food and beverage products for approximately four dayparts, which include breakfast, lunch, snacking and dinner. The Company’s food menu includes hot and cold sandwiches, hand-tossed salads, bowls, soups, appetizers, flatbread pizzas, Squagels, breakfast wraps and other breakfast products, S’mores and other desserts. The Company features its Cosi bread in approximately two varieties, Original and Multi-Grain. Cosi, Inc. (OTCMKTS:COSIQ) Recent Trading Information
Cosi, Inc. (OTCMKTS:COSIQ) closed its last trading session down -0.0010 at 0.0140 with 16,069,173 shares trading hands.
