ALJ REGIONAL HOLDINGS INC : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

Published: 2021-10-25 16:08:09 ET ALJJ

Item 1.01 Entry into a Material Definitive Agreement.

Entry into Employment Agreement with Anna Van Buren

On October 20, 2021, the Company's wholly owned subsidiary, Faneuil, Inc. ("Faneuil") entered into an Amended and Restated Employment Agreement (the "New Agreement") with Anna Van Buren, President and Chief Executive Officer of Faneuil, which amended and restated Ms. Van Buren's prior employment agreement, dated October 18, 2013 (as amended by that certain First Amendment to Employment Agreement, dated August 11, 2017, the "Old Agreement") in its entirety. Pursuant to the New Agreement, Ms. Van Buren's term was extended from December 31, 2021 to December 31, 2022. Ms. Van Buren's compensation and bonus structure remains materially unchanged from the structure in the Old Agreement.

The foregoing description of the New Agreement is qualified in its entirety by the text of the New Agreement, a copy of which is attached as Exhibit 10.1 hereto.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

To the extent required by Item 5.02 of Form 8-K, the information contained or incorporated by reference in Item 1.01 of this Current Report regarding the New Agreement is incorporated by reference in this Item 5.02.

Item 9.01. Financial Statements and Exhibits.

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