Greenbox POS
05/10/2021 | Press release | Archived content
Management Change/Compensation (Form 8-K)
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On May 4, 2021, the Board of Directors (the 'Board') of GreenBox POS (the 'Company') appointed each of Dennis James and Carl J. Williams to serve as members of the Board. On May 4, 2021, Messrs. James and Williams were each appointed to serve as members of the Board's Audit Committee, Compensation Committee, and Governance and Nominating Committee.
Messrs. James and Williams will each receive cash compensation in the amount of $2,500 per month as well as equity compensation in the form of shares of the Company's common stock in an amount equal to $2,500 per month. Additionally, from time to time, Messrs. James and Williams may receive awards pursuant to the Company's Equity Incentive Plan.
There is no arrangement or understanding with any other persons pursuant to which either Messrs. James or Williams were selected as directors, and there are no related party transactions involving either Messrs. James or Williams that are reportable under Item 404(a) of Regulation S-K.