UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 24, 2021, on the recommendation of the Compensation Committee of the Board of Directors of the Company, the Board of Directors approved an amended and restated employment agreement with the Company’s Chief Executive Officer, Emanuel N. Hilario, and awarded to Mr. Hilario 400,000 restricted stock units (RSUs), which will be settled in equal installments of common stock annually over four years based on Mr. Hilario’s continued employment.
The Company entered into the amended and restated employment agreement with Mr. Hilario on September 24, 2021, which amends his prior employment agreement with the Company as follows:
| · | extends the term to September 1, 2026; |
| · | provides for the RSU award described above, which is documented in a separate agreement; and |
| · | includes specific references to existing compensation practices, including current base pay and continuing participation in existing compensation programs. |
Mr. Hilario’s amended and restated employment agreement and the RSU award notice are filed as exhibits to this Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
See Exhibit Index.
Exhibit Index
Exhibit Description
| 10.1 | Amended and Restated Employment Agreement dated September 24, 2021 between Emanuel N. Hilario and the Company. |
| 10.2 | Notice of Grant of Restricted Stock Units dated September 24, 2021 between Emanuel N. Hilario and the Company. | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: September 28, 2021 | THE ONE GROUP HOSPITALITY, INC. | |
| By: | /s/ Tyler Loy | |
| Name: | Tyler Loy | |
| Title: | Chief Financial Officer | |