Item 5.02. Departure of directors or certain officers; election of directors; appointment of certain officers; compensatory arrangements of certain officers

On January 17, 2022, our Board of Directors appointed Joseph R. Schmitz as our Chief Financial Officer effective January 20, 2022.

Joseph R. Schmitz, age 59, has many years experience as a finance leader, including various management positions at Trane Technologies. Mr. Schmitz has an MBA from Indiana University and a B.S.B. in Accounting from the University of Minnesota. He is a Certified Public Accountant (inactive) and a Certified Management Accountant.

Mr. Schmitz's annual salary is $195,000. He is eligible for performance-based compensation of $10,000 in May 2022, and target performance-based compensation of 20% to 25% of salary. He has signed an agreement including non-competition, confidentiality, and assignment of invention provisions benefiting the Company.









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