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

Departure of Principal Accounting Officer

Effective January 17, 2020 (the "Separation Date"), Rosemary Williams' employment as the Company's Vice President of Finance and Controller (including as its principal accounting officer) will terminate. Subject to Ms. Williams's continued employment through January 17, 2020 and in exchange for a full general release of claims and continued compliance with her employment agreement, Ms. Williams will receive: (i) salary continuation for six months following the Separation Date, (ii) a lump sum cash payment equal to Ms. Williams's pro-rated target bonus for 2020, and (iii) COBRA payments for up to six months.

Appointment of New Principal Accounting Officer

In connection with Ms. Williams's departure, the Company has appointed David E. Strauss, 34, to serve as Director, Corporate Controller (including as its principal accounting officer), effective as of January 8, 2020.

Prior to joining the Company, Mr. Strauss served as Corporate Controller of Landec Corporation, a publicly-traded material science company, beginning in March 2019. Previously, Mr. Strauss held various accounting positions at Analog Devices, Inc. from March 2017 to February 2019, at Linear Technology Corporation from March 2015 to February 2017. From January 2011 to February 2015, Mr. Strauss worked in public accounting with PricewaterhouseCoopers. Mr. Strauss holds a B.S. in Business Administration from San Jose State University.

In connection with Mr. Strauss's appointment, the Company entered into an offer letter with Mr. Strauss that governs the terms of his employment with the Company. Among other things, the offer letter provides for (i) an annual base salary of $230,000, (ii) at the sole discretion of the Board (or an authorized committee thereof), an annual target cash performance bonus of 20% of his annual base salary, and (iii) an option to purchase up to 156,000 shares of the Company's common stock, which will vest over a four-year period, with 25% vesting on the one-year anniversary of the commencement of employment and the remainder vesting monthly thereafter in equal increments for 36 months, subject to his continuous service to the Company on each vesting date. The option will be granted as an inducement award and subject to the terms of the Company's 2019 Equity Incentive Plan and the Company's standard option agreement.

Mr. Strauss will also enter into the Company's standard form of indemnification agreement for its directors and executive officers.

There are no family relationships between Mr. Strauss and any of the Company's current or former directors or executive officers. Mr. Strauss is not a party to any transaction that would require disclosure under Item 404(a) of Regulation S-K promulgated under the Securities Act of 1933.

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