Woodbridge Liquidation Trust enters part-time CEO agreement with Frederick Chin; $50K/mo through Dec 2022

Woodbridge Liquidation Trust

CEO Frederick Chin shifts to part-time (min 30 hrs/week) from Sep 1, 2022 through Dec 31, 2022 or 30 days after sale of Siena property.
Monthly salary $50,000 during initial term, $30,000 in extension term; $2.1375M bonus acknowledged due by Sep 30, 2022.
Agreement terminable by either party on 30 days' notice; severance includes salary continuation through initial term if without cause or for good reason.
Continued health/dental/vision/life insurance; no vacation accrual.

item 1.01 item 5.02 item 9.01

Executive movements

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Role change

Frederick Chin

Chief Executive Officer

WBQNL · Woodbridge Liquidation Trust

Effective: 2022-09-01
Filed: September 1, 2022, 7:59 PM ET

the Company has entered into a Part-Time Employment Agreement dated as of September 1, 2022 with its chief executive officer Frederick Chin.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Frederick Chin changed role as Chief Executive Officer at Woodbridge Liquidation Trust.

Action: entered part-time employment agreement
Role: Chief Executive Officer

Exact text from the filing

the Company has entered into a Part-Time Employment Agreement dated as of September 1, 2022 with its chief executive officer Frederick Chin.

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Woodbridge Liquidation Trust filing history →

Source: SEC EDGAR

accession 0001140361-22-031910

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