ZAGG INC (NASDAQ:ZAGG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 of the Prior Report Mr. Ahern’s appointment to the Company’s board of directors (the “Board”), and the approval of a one-time retention bonus to the Company’s CFO. This Amendment No. 1 on Form 8-K/A (the “Amendment”) is being filed to address these inadvertent omissions.
|
Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensation Arrangement of Certain Officers. |
On March 7, 2018, the Board appointed Chris Ahern to the Board to fill the vacancy created by Randy Hales’ resignation. As disclosed in the Prior Report, Mr. Ahern has had no transactions with a related person during the last fiscal year nor during the interim period hereof required to be disclosed to Item 404(a) of Regulation S-K.
On March 7, 2018, the Compensation Committee of the Board approved a one-time retention bonus award to Bradley J. Holiday, the Company’s CFO, in the amount of $476,000. The bonus is payable in two equal installments, with the first installment payable on January 2, 2019, and the second installment payable upon filing the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.
Except as set forth above, the Prior Report is otherwise unaffected by this Amendment.
About ZAGG INC (NASDAQ:ZAGG)
ZAGG Inc (ZAGG) designs, produces and distributes professional product solutions for mobile devices, including screen protection (glass and film), keyboards for tablet computers and mobile devices, keyboard cases, earbuds, mobile power solutions, cables, and cases under the ZAGG and InvisibleShield brands. In addition, the Company designs, produces and distributes earbuds, headphones, mobile power solutions, Bluetooth speakers, cases and cables for mobile devices under the iFrogz brand in the fashion and youth oriented lifestyle sector. The Company designs product solutions for users of mobile devices, and sells these products to consumers through global distribution partners and online. The Company offers products for various market segments of handheld electronic devices, including smartphones, tablets, notebook computers, laptops, gaming devices, global positioning system (GPS) devices, watch faces, and similar devices and surfaces.