Energous Corporation (NASDAQ:WATT) 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 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 15, 2019, Martin Cooper and Carol Lindstrom informed the Company that they were resigning from the Board, effective immediately. None of the resignations was as the result of a disagreement with the Company on any matter relating to the Companys operations, policies or practices.
On August 16, 2019, Rahul Patel and Mike Noonen were appointed as members of the Board, to serve until the 2020 annual meeting of stockholders or such time as a successor is duly elected.
On August 28, 2019, Rex Jackson informed the Company that he was resigning from the Board, effective immediately. The resignation was not as the result of a disagreement with the Company on any matter relating to the Companys operations, policies or practices.
On August 28, 2019, Reynette Au was appointed as a member of the Board, to serve until the 2020 annual meeting of stockholders or such time as a successor is duly elected.
Each of the newly-appointed Board members will be compensated to the Companys standard director compensation arrangement (provided that the initial equity award under this arrangement for each of the newly-appointed Board members will be a restricted stock unit covering 42,063 shares of common stock and vesting over three years), and each has entered into the Companys standard indemnification agreement for directors. There are no arrangements or understandings between any of the newly-appointed Board members and any other person to which he or she was elected as a director. There are no transactions between the Company and any of the new Board members that would require disclosure under Item 404(a) of Regulation S-K.
On September 6, 2019, the Board: appointed Mr. Patel to serve as a member of the Corporate Governance and Nominating Committee and the Technology and Revenue Committee; appointed Mr. Noonen to serve as a member of the Audit Committee and the Technology and Revenue Committee; and appointed Ms. Au to serve as a member of the Technology and Revenue Committee.
Item 8.01 Other Events.
As of September 6, 2019: the Companys Audit Committee consists of Dan Fairfax (Chairman), Mike Noonen and Robert Griffin; the Compensation Committee consists of Robert Griffin (Chairman), John Gaulding and Nick Alexopoulos; the Corporate Governance and Nominating Committee consists of John Gaulding (Chairman), Rahul Patel and Dan Fairfax; and the Technology and Revenue Committee consists of Nick Alexopoulos (Chairman), Rahul Patel, Reynette Au and Mike Noonen.