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4-Traders Homepage  >  Equities  >  Nyse  >  Unifi, Inc.    UFI

UNIFI, INC. (UFI)
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UNIFI : Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K/A)

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05/19/2017 | 10:59pm CEST

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;

           Appointment of Certain Officers; Compensatory Arrangements of Certain
           Officers.


On May 19, 2017, the Company and Mr. Hall entered into the Amendment to the Employment Agreement to accelerate the start date of his employment as Chief Executive Officer of the Company and his election as a member of the Board to make each effective as of that same date (the "Amended Start Date"). All other terms of the Employment Agreement remain unchanged.

As reported in the Original 8-K, pursuant to the terms of the Employment Agreement, Mr. Hall received on the Amended Start Date an award of (i) options to purchase 25,000 shares of the Company's common stock and (ii) restricted stock units representing 75,000 shares of the Company's common stock. A copy of the Employment Agreement was filed as Exhibit 10.1 to the Original 8-K.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by the contents of the Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated into this Item 5.02 by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith:


Exhibit
  No.        Description

10.1         Amendment No. 1 to Employment Agreement for Kevin D. Hall, dated
             May 19, 2017.

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses

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