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

On November 15, 2022, RealNetworks, Inc. (the "Company") entered into a letter agreement with Brian McClain extending Mr. McClain's services as the interim Chief Financial Officer of the Company until December 31, 2022 (the "Amendment Agreement"). Under the Amendment Agreement, Mr. McClain will continue to receive base salary of $350,000 on an annualized basis and Company-paid health insurance coverage through the term extension. At the conclusion of the term extension ending on December 31, 2022, Mr. McClain will be eligible for a discretionary cash bonus of up to $9,250.




Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act that involve risks and uncertainties. Differences may result from actions taken by the Company's Board of Directors, as well as from risks and uncertainties beyond the Company's control. Additional factors that could cause results to differ materially from those anticipated in forward-looking statements can be found under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021 and in the Company's other filings with the Securities and Exchange Commission. Except as may be required by law, the Company does not intend, nor undertake any duty, to update this information to reflect future events or circumstances.

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

© Edgar Online, source Glimpses