Nocopi Technologies appoints Michael S. Liebowitz as CEO; $400k salary, 1M restricted shares

NOCOPI TECHNOLOGIES INC/MD/

Michael S. Liebowitz appointed CEO effective August 18, 2023; employment agreement dated October 19, 2023.
Base salary of $400,000 per year, retroactive to start date.
One-time equity award of 1,000,000 restricted shares, fully vesting on August 18, 2024; can convert to cash at $3.10/share.
Severance: 12 months base salary and immediate vesting upon termination without cause or resignation for good reason.
Non-compete covenant for 1 year after termination.

item 5.02

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Appointed

Michael S. Liebowitz

Chief Executive Officer

NNUP · NOCOPI TECHNOLOGIES INC/MD/

Effective: 2023-08-18
Filed: October 23, 2023, 7:59 PM ET

In connection with Michael S. Liebowitz’s appointment as Chief Executive Officer of Nocopi Technologies, Inc. (the “Company”), on October 19, 2023,

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Executive change SEC 8-K Item 5.02 confidence 1.0

Michael S. Liebowitz was appointed as Chief Executive Officer at NOCOPI TECHNOLOGIES INC/MD/.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

In connection with Michael S. Liebowitz’s appointment as Chief Executive Officer of Nocopi Technologies, Inc. (the “Company”), on October 19, 2023,

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Source: SEC EDGAR

accession 0001079973-23-001478

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