Hartford Creative Group Inc.

01/07/2025 | Press release | Distributed by Public on 01/07/2025 16:28

Management Change/Compensation Form 8 K

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

On December 31, 2024, Hartford Creative Group, Inc. (the "Company") entered into an amended and restated employment agreement with its Chief Executive Officer, Sheng-Yih Chang, dated December 31, 2024 (the "Chang Employment Agreement"). Under the Chang Employment Agreement, Mr. Chang serves as Chief Executive Officer of the Company, and his term of employment runs through July 31, 2025, subject to automatic annual renewals for an additional 12 months, absent the Company or Mr. Chang terminating the agreement.

Pursuant to the Chang Employment Agreement, Mr. Chang's annualized base salary is $108,000, paid monthly. Mr. Chang must also provide 60 days' written notice prior to any resignation, with or without good reason. Upon receiving such notice, the Company must continue to pay Mr. Chang's salary through his resignation date. In the event of Mr. Chang's termination without Cause (as defined under the Chang Employment Agreement), Mr. Chang is entitled to a one-year continuation of his then-current base salary and 12-months of COBRA continuation premiums at the same level as other active employees. Mr. Chang is also subject to a non-disclosure of confidential information covenant under the Chang Employment Agreement.

The foregoing description of the Chang Employment Agreement is a summary only and is qualified in its entirety by reference to the full text of the Chang Employment Agreement, which is attached hereto as Exhibit 10.1 and incorporated by reference herein.