Beam Global
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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Sep 30, 2024 · Filed Nov 14, 2024
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Item 5. Other Information
The Company and Kathy McDermott, the Company’s former Chief Financial Officer, entered into a consulting agreement effective November 11, 2024, whereby Ms. McDermott will consult with the Company related to the Enterprise Resource Planning (ERP) implementation in Serbia. The Company will pay Ms. McDermott $225 per hour for her consulting services. The consulting agreement will terminate on December 31, 2024 and may be extended by mutual agreement of the Company and Ms. McDermott. Pursuant to the consulting agreement, the Company granted to Ms. McDermott common stock under the Company’s equity incentive plan issued for payment of Ms. McDermott’s bonus of $300,000 earned by her for her services as the Company’s former Chief Financial Officer.
During the quarter ended September 30, 2024, no director or officer adopted orterminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.
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