UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 February 24, 2022, the Compensation Committee of the Board of Directors of CompoSecure, Inc. (the “Company”) approved the CompoSecure, L.L.C. Annual Management Incentive Plan (the “Plan”), which is intended to attract, retain, motivate and reward plan participants (including, but not limited to, the Company’s named executive officers) by providing them with the opportunity to earn annual cash incentive compensation under the Plan relating to the Company’s performance.
Under the terms of the Plan, the Compensation Committee will have the discretion to structure any awards granted under the Plan in any manner the Compensation Committee deems advisable, including but not limited to, the performance measures to be achieved. The Compensation Committee will determine whether to grant awards under the Plan and the amount of such awards following the completion of each performance period, which is the fiscal year of the Company or such other shorter period as the Compensation Committee may determine.
The foregoing summary of the Plan does not purport to be complete and is qualified in its entirety by reference to the full Plan, a copy of which is attached as Exhibit 10.1 and incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
See the Exhibit Index below, which is incorporated by reference herein.
EXHIBIT INDEX
| Exhibit Number | Description | |
| 10.1 | CompoSecure, L.L.C. Annual Management Incentive Plan | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document) |
SIGNATURE
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.
| COMPOSECURE, INC. | ||
| Date: March 2, 2022 | By: | /s/ Timothy Fitzsimmons |
| Timothy Fitzsimmons | ||
| Chief Financial Officer | ||