Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(c) As disclosed in the Company's Current Report on Form 8-K filed on
January 13, 2022, the board of directors (the "Board") appointed
Mr. Michael Andrew Barclay Binney, to serve as the Company's Chief Operating
Officer, effective as of January 16, 2022.
In connection with his appointment as Chief Operating Officer, Emerson Radio
(Hong Kong) Limited has entered into an executive employment agreement with
Mr. Binney, pursuant to which Mr. Binney agreed to serve as the Chief Operating
Officer of the Company. Mr. Binney will be paid a base salary of $195,000 per
year. The foregoing description of the employment agreement is intended to be a
summary and is qualified in its entirety by reference to such agreement, which
is attached as Exhibit 10.1 and incorporated by reference as if fully set forth
herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. Description.
10.1 Employment Agreement, dated as of January 16, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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