FORM HOLDINGS CORP. (NASDAQ:FH) 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. |
(b) As of May 15, 2017 Clifford Weinstein is no longer an
executive officer of FORM Holdings Corp. (the Company); he will
continue as the President of the Companys wholly owned
subsidiary, FLI Charge, Inc. (FLI Charge) until December 31,
2017.
(e)
Amendment No. 4 to Employment Agreement with Clifford
Weinstein
On May 15, 2017, the Company entered into a fourth amendment to
the employment agreement with Clifford Weinstein (the Agreement).
The amendment provides that effective as of May 15, 2017, Mr.
Weinsteins employment with the Company will terminate on December
31, 2017, his annual base salary shall be reduced to $42,900 per
annum and his incentive payment in the event of a change of
control or public offering of FLI Charge shall be increased from
5% to 6%. The parties acknowledge that this amendment to the
Agreement does not constitute a Good Reason termination under the
Agreement.
The foregoing description of the fourth amendment to the
employment agreement is only a summary, does not purport to be
complete and is qualified by reference in its entirety by the
complete text of the fourth amendment to the employment
agreement, which is attached hereto as Exhibit 10.1 to this
Current Report on Form 8-K.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits: |
| Exhibit Number | Description of Exhibit | ||
| 10.1 |
Amendment No. 4 to the Employment Agreement dated October 13, 2015, by and between the Company and Clifford Weinstein. |
||
FORM HOLDINGS CORP. (NASDAQ:FH) Recent Trading Information
FORM HOLDINGS CORP. (NASDAQ:FH) closed its last trading session up +0.08 at 1.70 with 58,543 shares trading hands.
