Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
(d) On January 25, 2021, the Board of Directors (the "Board") of Unifi, Inc.
(the "Company") elected Emma S. Battle, President and Chief Executive Officer of
MarketVigor LLC, a business services company she founded in 2003, to the Board,
effective that day, with a term expiring at the Company's 2021 Annual Meeting of
Shareholders. Concurrent with her election as a director, Ms. Battle was
appointed to the Compensation Committee of the Board. There are no arrangements
or understandings between Ms. Battle and any other persons pursuant to which she
was selected as a director. Additionally, there are no transactions involving
the Company and Ms. Battle that the Company would be required to report pursuant
to Item 404(a) of Regulation S-K.
Ms. Battle will receive compensation for her Board and committee service in
accordance with the Company's Director Compensation Policy for independent
directors, a copy of which was filed as Exhibit 10.1 to the Company's Quarterly
Report on Form 10-Q for the quarter ended December 29, 2019. Specifically, in
connection with her election as a director, Ms. Battle will receive a prorated
annual retainer of $75,824, all of which will be paid in the form of shares of
the Company's common stock.
A copy of the press release announcing Ms. Battle's election is filed as Exhibit
99.1 hereto and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
No. Description
99.1 Press Release of Unifi, Inc., dated January 26, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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