UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b‑2 of this chapter).
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 August 30, 2022, the Board of Directors (the “Board”) of Unifi, Inc. (the “Company”) elected Francis S. Blake, Non-Executive Chairman of the Board of Directors of Delta Air Lines, Inc. and former Chairman and Chief Executive Officer of The Home Depot, Inc., to the Board, effective September 5, 2022, with a term expiring at the Company’s 2022 Annual Meeting of Shareholders. Concurrent with his election as a director, Mr. Blake was appointed to the Compensation Committee of the Board. There are no arrangements or understandings between Mr. Blake and any other persons pursuant to which he was selected as a director. Additionally, there are no transactions involving the Company and Mr. Blake that the Company would be required to report pursuant to Item 404(a) of Regulation S-K.
Mr. Blake will receive compensation for his 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 his election as a director, Mr. Blake will receive a prorated annual retainer of $15,890, all of which will be paid in the form of vested stock units.
A copy of the press release announcing Mr. Blake’s election is filed as Exhibit 99.1 hereto and is incorporated herein by reference.
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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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104 |
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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.
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UNIFI, INC. |
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Date: September 1, 2022 |
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By: |
/s/ GREGORY K. SIGMON |
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Gregory K. Sigmon |
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General Counsel |
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Corporate Secretary |