THE ONE GROUP HOSPITALITY, INC. (NASDAQ:STKS) 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. |
(c) Appointment of Interim Chief Financial
Officer.
On May 15, 2017, The ONE Group Hospitality, Inc. (the Company)
announced the appointment of Linda Siluk as Interim Chief
Financial Officer, effective May 16, 2017.
to an offer letter dated May 15, 2017, Linda Siluk agreed to
serve as our Interim Chief Financial Officer. The offer letter
provides that Ms. Siluk is entitled to a monthly salary of
$27,500 and a grant of 35,000 restricted shares to vest upon the
achievement of certain mutually agreed upon objectives. Ms. Siluk
will serve as the Companys Interim Chief Financial Officer for a
period of six months, with further employment to be considered at
that time during a review. Ms. Siluk is eligible to participate
in the Company’s 401(k) plan, health plans and other benefits on
the same terms as other salaried employees. In the event that Ms.
Siluk is terminated without cause, she will receive payment for
the six month term in full, payable in one lump sum.
Prior to joining the Company, Ms. Siluk served as the Senior Vice
President and Chief Accounting Officer for Fairway Group
Holdings, Corp. (Fairway) from June 2015 to February 2017, as the
Vice President and Finance and Chief Accounting Officer from
October 2011 to June 2015, and as Senior Project Manager from
August 2009 to October 2010. Prior to her experience at Fairway,
Ms. Siluk served as the Chief Financial Officer at Drug Fair from
October 2008 to May 2009. From September 2006 to April 2008, Ms.
Siluk was the Senior Vice President, Finance at Ann Taylor. Ms.
Siluk received her B.S. in Business Administration from Montclair
State College. Ms. Siluk is a certified public accountant.
There are no family relationships between Ms. Siluk and any
director or executive officer of the Company and there are no
transactions between Ms. Siluk and the Company that would be
reportable under Item 404(a) of Regulation S-K.
The offer letter is filed as Exhibit 10.1 to this Current Report
on Form 8-K, and such document is incorporated herein by
reference. The foregoing is only a brief description of the
material terms of the offer letter, does not purport to be a
complete description of the rights and obligations of the parties
thereunder and is qualified in its entirety by reference to such
exhibit.
| Item9.01 | Financial Statements and Exhibits. |
(d) Exhibits
|
Exhibit No. |
Description | |
| 10.1 | Offer Letter dated May 15, 2017. |
THE ONE GROUP HOSPITALITY, INC. (NASDAQ:STKS) Recent Trading Information
THE ONE GROUP HOSPITALITY, INC. (NASDAQ:STKS) closed its last trading session at with 10,028 shares trading hands.