Flux Power enters separation agreement with ex-COO Berry, $205K severance plus benefits

Flux Power Holdings, Inc.

Separation agreement dated Aug 24, 2022 with former COO Jonathan Berry (departed Aug 12).
Lump-sum severance of $205,200, plus $28,907.52 for COBRA premiums.
Company also reimburses 12 months of life insurance continuation.
Berry releases claims and reaffirms restrictive covenants; agreement filed as Exhibit 10.1.
No successor named; original departure was previously reported on Aug 18, 2022 8-K.

item 5.02 item 9.01

Executive movements

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Departed

Jonathan Berry

Chief Operating Officer

FLUX · Flux Power Holdings, Inc.

Effective: 2022-08-12
Filed: August 26, 2022, 7:59 PM ET

On August 18, 2022, the Company filed the Original Form 8-K to disclose that on August 12, 2022, Jonathan Berry, the Company’s Chief Operating Officer, separated from the Company.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Berry departed as Chief Operating Officer at Flux Power Holdings, Inc..

Action: separated
Role: Chief Operating Officer

Exact text from the filing

On August 18, 2022, the Company filed the Original Form 8-K to disclose that on August 12, 2022, Jonathan Berry, the Company’s Chief Operating Officer, separated from the Company.

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Flux Power Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-024189

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