Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of Directors and Officers
On
On
As compensation, the Company agreed to amend the terms of Mr. Tabibiazar's
option grants issued under the Company's equity compensation plan(s) to, among
other things, (i) allow for such options to continue to vest during the Term of
the Consulting Agreement, and (ii) extend the exercisability date of each option
until the earlier of (1) one year following the termination by either Mr.
Tabibiazar or the Company of the Consulting Agreement and (2) the latest date on
which the options expire as set forth in the applicable award agreements. In
addition, Mr. Tabibiazar has agreed not to (A) offer for sale, sell, pledge or
otherwise transfer or dispose of any securities of the Company, or securities
convertible into or exercisable or exchangeable for shares of common stock of
the
The foregoing description of the Consulting Agreement does not purport to be complete and is qualified in its entirety by reference to the Consulting Agreement, which is filed as Exhibit 10.1 hereto and is incorporated herein by reference.
Item 7.01. Regulation FD Disclosure.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit Number Description 10.1 Consulting Agreement, datedDecember 31, 2020 , between the Company and Ray Tabibiazar 99.1 Press Release, datedDecember 31, 2020
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