REALNETWORKS INC FILES (8-K) Disclosing Change in Directors or Principal Officers - Insurance News | InsuranceNewsNet

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November 21, 2022 Newswires
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REALNETWORKS INC FILES (8-K) Disclosing Change in Directors or Principal Officers

Edgar Glimpses

Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On November 15, 2022, RealNetworks, Inc. (the "Company") entered into a letter
agreement with Brian McClain extending Mr. McClain's services as the interim
Chief Financial Officer of the Company until December 31, 2022 (the "Amendment
Agreement"). Under the Amendment Agreement, Mr. McClain will continue to receive
base salary of $350,000 on an annualized basis and Company-paid health insurance
coverage through the term extension. At the conclusion of the term extension
ending on December 31, 2022, Mr. McClain will be eligible for a discretionary
cash bonus of up to $9,250.



Forward-Looking Statements

This Current Report on Form 8-K contains forward-looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act
that involve risks and uncertainties. Differences may result from actions taken
by the Company's Board of Directors, as well as from risks and uncertainties
beyond the Company's control. Additional factors that could cause results to
differ materially from those anticipated in forward-looking statements can be
found under the caption "Risk Factors" in the Company's Annual Report on Form
10-K for the year ended December 31, 2021 and in the Company's other filings
with the Securities and Exchange Commission. Except as may be required by law,
the Company does not intend, nor undertake any duty, to update this information
to reflect future events or circumstances.

--------------------------------------------------------------------------------

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