UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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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.
On September 13, 2021, the Nominating and Corporate Governance Committee (Committee) of the Board of Directors (Board) of the Company recommended the election of Ms. Susan Lintonsmith and Ms. Haydee Olinger to the Board, and the Board (1) increased the size of the Board to seven and (2) elected each of Ms. Lintonsmith and Ms. Olinger as Class II directors, initially to serve until the 2022 annual meeting of stockholders. The Company expects that each of Ms. Lintonsmith and Ms. Olinger will be nominated for election at the next annual meeting of stockholders for the then remaining term of directors in their class. Each of Ms. Lintonsmith and Ms. Olinger is “independent” under Nasdaq rules and will receive an initial stock award valued at $50,000; quarterly stock awards valued at $12,500 for the quarters ending September 30, 2021 and December 31, 2021; and thereafter the same compensation as other non-employee directors.
A press release announcing the election of Ms. Lintonsmith and Ms. Olinger to the Board is furnished at Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is being filed herewith:
99.1 Press Release dated September 14, 2021
104 Cover Page Interactive Data File (embedded within the inline XBRL document)
Exhibit Index
| Exhibit | Description | |
| 99.1 | Press Release dated September 14, 2021 | |
| 104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |
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.
| Dated: September 14, 2021 | THE ONE GROUP HOSPITALITY, INC. | |
| By: | /s/ Tyler Loy | |
| Name: | Tyler Loy | |
| Title: | Chief Financial Officer | |