UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
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Item 5.02. |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d) On January 25, 2021, the Board of Directors (the “Board”) of Unifi, Inc. (the “Company”) elected Emma S. Battle, President and Chief Executive Officer of MarketVigor LLC, a business services company she founded in 2003, to the Board, effective that day, with a term expiring at the Company’s 2021 Annual Meeting of Shareholders. Concurrent with her election as a director, Ms. Battle was appointed to the Compensation Committee of the Board. There are no arrangements or understandings between Ms. Battle and any other persons pursuant to which she was selected as a director. Additionally, there are no transactions involving the Company and Ms. Battle that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.
Ms. Battle will receive compensation for her Board and committee service in accordance with the Company’s Director Compensation Policy for independent directors, a copy of which was filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the quarter ended December 29, 2019. Specifically, in connection with her election as a director, Ms. Battle will receive a prorated annual retainer of $75,824, all of which will be paid in the form of shares of the Company’s common stock.
A copy of the press release announcing Ms. Battle's election is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits.
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1
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Press Release of Unifi, Inc., dated January 26, 2021.
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document)
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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UNIFI, INC. |
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Date: January 26, 2021 |
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By: |
/s/ EDMUND M. INGLE |
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Edmund M. Ingle |
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Chief Executive Officer |