UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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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.
Amendment to Employment Agreement for Eli Kay
On September 17, 2024, Unique Logistics International, Inc., a Nevada corporation (the “Company”) entered into an amendment (the “Kay Amendment”) to the existing Employment Agreement, dated as of August 11, 2021, with Eli Kay, the Company’s Chief Financial Officer (the “Kay Employment Agreement”).
Pursuant to the Kay Amendment, Mr. Kay’s annual salary shall be increased from $180,000 to $275,000, and the scope of Mr. Kay’s employment will be updated from the Chief Financial Officer of the Company to Chief Financial Officer for the Company and its subsidiaries and affiliates. The Kay Amendment further extends the termination notice period from 30 days to six months. According to the Kay Amendment, in the event of termination without cause and in lieu of six months’ notice of termination, the Company shall pay Mr. Kay his ongoing salary for six months and Mr. Kay shall be entitled to any bonus earned and disbursed during the termination notice and severance period.
The foregoing summary description of the Kay Amendment is not complete and is subject to, and qualified in its entirety by reference to, the full text of the Kay Amendment, which is filed as Exhibit 10.1 to this Form 8-K and is incorporated herein by reference.
Item 9.01 Exhibits.
(d) Exhibits.
Exhibit No. |
Exhibit Description | |
| 10.1 | Amendment to Employment Agreement between Unique Logistics International, Inc. and Eli Kay, dated September 17, 2024. | |
| 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.
| UNIQUE LOGISTICS INTERNATIONAL, INC. | ||
| Date: September 23, 2024 | By: | /s/ Sunandan Ray |
| Name: | Sunandan Ray | |
| Title: | Chief Executive Officer | |