Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 9, 2022, Mr. Gene Baur notified Natural Order Acquisition Corp. (the
"Company") of his decision to resign, for personal reasons, as a member of the
Board of Directors of the Company (the "Board") and all committees of the Board,
effective as of May 9, 2022. Mr. Baur's resignation was not due to any
disagreement with the Company or any matter relating to the Company's
operations, policies or practices.
On May 9, 2022, the Board appointed Ms. Jennifer Stojkovic as a member of the
Board, effective immediately. The Board has also appointed Ms. Stojkovic as a
member of the Company's audit committee, compensation committee and nominating
committee.
In connection with her appointment, Ms. Stojkovic has or will become a party to
an indemnity agreement with the Company in the form previously entered into by
the Company and the Company's directors and officers (the "Indemnity
Agreement"), that certain letter agreement, dated November 10, 2020, by and
between the Company, the sponsor and others (the "Letter Agreement"), that
certain registration rights agreement, dated November 10, 2020, among the
Company and the investors listed on signature pages thereto (the "Registration
Rights Agreement"), and the stock escrow agreement, dated November 10, 2020, by
and among the Company, Continental Stock Transfer & Trust Company and each of
the stockholders party thereto (the "Escrow Agreement"). Each of the Indemnity
Agreement, Letter Agreement, Registration Rights Agreement and the Escrow
Agreement was described in, and were filed as exhibits to, the Company's
registration statement on Form S-1 (File No. 333-249458) related to the
Company's initial public offering. Additionally, in connection with her
appointment to the Board, the Company's sponsor will transfer 25,000 shares of
the Company's common stock, par value $0.0001 per share, to Ms. Stojkovic at
their original purchase price of approximately $0.004 per share.
Other than the foregoing, Ms. Stojkovic is not party to any arrangement or
understanding with any person pursuant to which she was appointed as a director,
nor is she a party to any transaction required to be disclosed under Item 404(a)
of Regulation S-K involving the Company.
***
Ms. Stojkovic has served as the founder and chief executive officer of Vegan
Women Summit (VWS), a global platform focused on empowering women entrepreneurs
and professionals in the future of food, since 2020. She is a frequent author
for Rolling Stone and her debut book, The Future of Food is Female, which was
released on April 5, 2022. In addition, Ms. Stojkovic has served as the
executive director of sf.citi, a San Francisco-based advocacy firm focused on
technology and innovation, since 2016. Prior to VWS and sf.citi, Ms. Stojkovic
served as director of community relations at the United Way from 2012 to 2015.
Ms. Stojkovic has acted as an advisor, board member, and private investor in the
food tech industry since 2018. She currently sits on the board of directors of
Charlie's Acres, as well as the advisory board of the Better Food Foundation and
Mercy for Animals.
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