RF Industries, Ltd.
RFIL
Delayed Nasdaq - 09/21 10:00:03 pm
7.775USD
-12.64%

R F INDUSTRIES LTD : Change in Directors or Principal Officers (form 8-K)

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07/12/2018 | 09:16 pm

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;



Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.





President/Chief Executive Officer Compensation and Employment Renewal



As previously disclosed on a Current Report on Form 8-K filed on June 20, 2017,
Robert Dawson has served as the President and Chief Executive Officer of RF
Industries, Ltd.
(the "Company") since July 17, 2017, pursuant to an employment
letter agreement dated June 16, 2017 (the "Agreement").



In light of the upcoming one-year anniversary of Mr. Dawson's hire, the Board of
Directors of the Company recently reviewed Mr. Dawson's performance. Based on a
review of his accomplishments after one year in his position, on July 12, 2018,
the Board approved an increase in the annual base salary for Mr. Dawson from
$250,000 to $275,000, effective July 18, 2018.



In addition, the Agreement provides that after the first anniversary of Mr.
Dawson's
hire, his employment would automatically renew and be extended for an
additional one-year period unless either party provided the other party with
written notice of non-renewal. On July 12, 2018, the Board also approved the
automatic renewal of Mr. Dawson's employment for an additional one-year period,
per the terms of the Agreement.

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