Blink Charging enters separation agreement with former CEO Michael Farkas; $6M cash and 383,738 shares

Blink Charging Co.

Former CEO Michael Farkas terminated May 1, 2023; separation agreement effective June 28, 2023.
Severance: $6,028,083 cash, 383,738 shares of common stock, 24 months COBRA reimbursement.
All outstanding unvested equity awards accelerated to vest on effective date.
Farkas releases all claims; non-solicitation covenant amended to allow work with five named individuals.
Farkas remains on Board of Directors as a member.

item 5.02 item 9.01

Executive movements

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Departed

Michael D. Farkas

Chief Executive Officer

BLNK · Blink Charging Co.

Effective: 2023-05-01
Filed: June 23, 2023, 7:59 PM ET

On June 21, 2023, the Company and its former Chief Executive Officer Michael D. Farkas entered into a separation and general release agreement, dated as of June 20, 2023 (the “Separation Agreement”) pursuant to Mr. Farkas’ May 1, 2023 termination of employment

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael D. Farkas was terminated as Chief Executive Officer at Blink Charging Co..

Action: terminated
Role: Chief Executive Officer

Exact text from the filing

On June 21, 2023, the Company and its former Chief Executive Officer Michael D. Farkas entered into a separation and general release agreement, dated as of June 20, 2023 (the “Separation Agreement”) pursuant to Mr. Farkas’ May 1, 2023 termination of employment

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Blink Charging Co. filing history →

Source: SEC EDGAR

accession 0001493152-23-022287

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