Appoints Allen Arroyo as CFO effective August 1, 2022, succeeding retiring Bryan Merryman

Rocky Mountain Chocolate Factory, Inc.

Allen Arroyo appointed CFO effective Aug 1, 2022, replacing Bryan Merryman who retired after 24 years.
Annual base salary of $275,000; annual bonus target 30% of base salary.
Special equity grant of $192,500 at target: 70% performance-based RSUs, 30% stock options.
Severance: 9 months base salary plus pro-rated bonus and COBRA if terminated without cause or for good reason.
Arroyo has over 30 years experience, most recently CFO at Nevoa Life Sciences.

item 5.02 item 9.01

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Appointed

Allen Arroyo

Chief Financial Officer

RMCF · Rocky Mountain Chocolate Factory, Inc.

Effective: 2022-08-01
Filed: July 21, 2022, 7:59 PM ET

On July 18, 2022, Allen Arroyo was appointed as Chief Financial Officer of Rocky Mountain Chocolate Factory, Inc. (the “Company”), effective August 1, 2022 (the “Start Date”).

Departed

Bryan J. Merryman

Chief Financial Officer

RMCF · Rocky Mountain Chocolate Factory, Inc.

Effective: 2022-08-01
Successor: Allen Arroyo
Filed: July 21, 2022, 7:59 PM ET

Mr. Arroyo succeeds Bryan J. Merryman as Chief Financial Officer after his retirement from the Company after 24 years of service with the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Allen Arroyo was appointed as Chief Financial Officer at Rocky Mountain Chocolate Factory, Inc..

Action: appointed
Role: Chief Financial Officer

Exact text from the filing

On July 18, 2022, Allen Arroyo was appointed as Chief Financial Officer of Rocky Mountain Chocolate Factory, Inc. (the “Company”), effective August 1, 2022 (the “Start Date”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Bryan J. Merryman retired as Chief Financial Officer at Rocky Mountain Chocolate Factory, Inc..

Action: retired
Role: Chief Financial Officer

Exact text from the filing

Mr. Arroyo succeeds Bryan J. Merryman as Chief Financial Officer after his retirement from the Company after 24 years of service with the Company.

View on SEC.gov

Rocky Mountain Chocolate Factory, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-017529

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