Rocky Mountain Chocolate SVP Edward Dudley retires; separation includes accelerated RSUs and $126,250 cash

Rocky Mountain Chocolate Factory, Inc.

Edward L. Dudley, SVP Sales & Marketing, retired effective Sept 30, 2022.
Entered Separation Agreement with cash separation payment per his 1999 employment agreement.
Acceleration of 12,499 unvested restricted stock units as of the effective date.
Additional cash severance of $70,000 plus $56,250 consulting fee through Dec 31, 2022.
Agreement includes non-solicitation, non-disparagement, and release of claims.

item 5.02 item 9.01

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Departed

Edward L. Dudley

Senior Vice President - Sales and Marketing

RMCF · Rocky Mountain Chocolate Factory, Inc.

Effective: 2022-09-30
Filed: September 30, 2022, 7:59 PM ET

Edward L. Dudley (“Mr. Dudley”), Senior Vice President - Sales and Marketing of Rocky Mountain Chocolate Factory, Inc. (the “Company”), has informed the Company of his intention to retire from the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Edward L. Dudley retired as Senior Vice President - Sales and Marketing at Rocky Mountain Chocolate Factory, Inc..

Action: retired
Role: Senior Vice President - Sales and Marketing

Exact text from the filing

Edward L. Dudley (“Mr. Dudley”), Senior Vice President - Sales and Marketing of Rocky Mountain Chocolate Factory, Inc. (the “Company”), has informed the Company of his intention to retire from the Company.

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Rocky Mountain Chocolate Factory, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-22-023327

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