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 Officer. |
Energous Corporation (the “Company”) previously filed a Form 8-K with the Securities and Exchange Commission on July 20, 2023 to report that William Mannina had resigned from his position as the Company’s Acting Chief Financial Officer, effective August 16, 2023 (the “Separation Date”).
In connection with his resignation, on July 28, 2023 the Company and Mr. Mannina entered into a letter agreement (the “Mannina Separation Agreement”), pursuant to which Mr. Mannina will receive his base salary and continued standard benefits until the Separation Date. In addition, in exchange for Mr. Mannina’s general release and waiver of claims and covenant not to sue the Company, Mr. Mannina will receive: (i) cash severance payments equivalent to his base salary on the Separation Date for nine months following the Separation Date in the form of salary continuation payments, payable in accordance with the Company’s standard payroll practices and (ii) premium payments for continued healthcare coverage for nine months following the Separation Date. Mr. Mannina’s unvested restricted stock units will continue to vest through August 16, 2023.
The foregoing is a summary description of the terms and conditions of the Mannina Separation Agreement and is qualified in its entirety by reference to the Mannina Separation Agreement, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit Number |
Description of Exhibit | |
| 10.1 | Letter Agreement by and between Energous Corporation and William Mannina dated July 28, 2023. | |
| 104 | The cover page on this Current Report on Form 8-K, formatted in Inline XBRL | |
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.
| ENERGOUS CORPORATION | ||||||
| Date: August 1, 2023 | By: | /s/ Cesar Johnston | ||||
| Cesar Johnston | ||||||
| President and Chief Executive Officer | ||||||