Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On November 5, 2020, CurAegis Technologies, Inc. (the "Company") was notified by
Mr. Lance Drummond of his intention to resign as a Director. The Company is
grateful for the guidance that he shared with the team over the past 23 months.
The Board accepted the resignation on November 5, 2020, and in recognition of
the service of Mr. Drummond to the Company, 180,000 vested options to purchase
shares of the Company's common stock previously awarded, shall remain
exercisable for the remainder of the applicable option terms, which amounts are
equal to the number of shares that would have been exercisable for the remainder
of his term had Mr. Drummond's service continued through the three-year
anniversary of the grant dates.
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