Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(b) Resignation of Chief Operating Officer
Toby Asbury resigned from his position as Chief Operating Officer of Mobile
Infrastructure Corporation (the "Company"), effective as of December 31, 2022,
so that he can spend more time with his family and pursue other entrepreneurial
interests. Mr. Asbury's decision was not due to any disagreement with the
Company's management or board of directors of the Company (the "Board"). The
Company expects that Mr. Asbury's duties and responsibilities will be assumed by
existing leaders within the organization. The Company and executive team are
grateful for Mr. Asbury's years of service, dedication and experience that he
brought to the Company and wish Mr. Asbury well in his future professional
endeavors.
(b) Retirement of Director
Shawn Nelson, a member of the Board, retired from the Board, effective as of
December 31, 2022, in accordance with mandatory requirements of Mr. Nelson's
position as a judge-elect of the Superior Court of Orange County, California.
Mr. Nelson's decision was not due to any disagreement with the Company's
management or Board. The Board thanks Mr. Nelson for his years of service and
contributions to the Company.
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