United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
December 27, 2021 (
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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
(b)
On December 22, 2021, Payoneer Global Inc. (the “Company”) and Charles Rosenblatt, who serves as the Company’s Chief Strategy Officer, mutually agreed that, effective December 31, 2021, Mr. Rosenblatt will cease to be the Company’s Chief Strategy Officer and will remain employed for a transition period through April 1, 2022.
Mr. Rosenblatt entered into a separation and release agreement in connection with his departure that provides for a release of claims against the Company and certain separation benefits, including pay in lieu of a notice period and the accelerated vesting of certain outstanding equity awards that would have otherwise vested during the notice period, the material terms of which are substantially consistent with those that would be provided under his existing employment arrangement with the Company.
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PAYONEER GLOBAL INC. | ||
| December 27, 2021 | By: | /s/ Scott Galit |
| Name: Scott Galit | ||
| Title: Chief Executive Officer | ||