UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 16, 2023
(Exact name of registrant as specified in its charter)
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Securities registered pursuant to Section 12(b) of the Act:
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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.
On March 16, 2023, PLBY Group, Inc. (the “Company”) announced that Lance Barton, the Company’s Chief Financial Officer, will depart from his roles at the Company and its subsidiaries by June 30, 2023. Until his departure, Mr. Barton will continue to serve as the Company’s Chief Financial Officer and principal financial officer, and he will assist the Company with an orderly transition of duties to his successor. As of his departure, Mr. Barton will be entitled to receive the payments due under and in accordance with Section 5(b) of his Employment Agreement with the Company, dated February 11, 2021 (the “Employment Agreement”). The Employment Agreement was previously filed with the Securities and Exchange Commission as Exhibit 10.31 to the Company’s Form 8-K filed on February 16, 2021. No new compensatory arrangements are being entered into with Mr. Barton in connection with his departure from the Company. Mr. Barton’s departure is not due to a dispute or any matter relating to the Company’s accounting and financial policies or practices.
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.
Dated: March 16, 2023 | PLBY GROUP, INC. | |||||||
| By: | /s/ Chris Riley | |||||||
| Name: | Chris Riley | |||||||
| Title: | General Counsel and Secretary | |||||||