Subsequent Event - Termination of Former CEO

9 Months Ended

Feb. 29, 2020

Subsequent Event - Termination Of Former Ceo [Abstract]

Subsequent Event - Termination of Former CEO

12. Subsequent Event - Termination of Former CEO

The Company terminated Christopher Hughes, the former Chief Executive Officer of the Company ("Hughes"), effective February 29, 2020 for "Cause" as defined in Section 6(a) of his Amended and Restated Employment Agreement (the "Employment Agreement"), dated August 9, 2018 and on March 2, 2020, the Company received a letter from Mr. Hughes, providing notice of his intent to resign for "Good Reason" as defined in Section 7(c) of the Employment Agreement pursuant to which he claimed to be entitled to the "Enhanced Severance Amount" under the Employment Agreement. Hughes filed a complaint against the Company in the Supreme Court of the State of New York in March 2020 alleging two causes of action: (1) breach of his employment contract; and (2) breach of duty of good faith and fair dealing. Plaintiff alleges that he was terminated without cause or in the alternative, that he resigned for good reason and therefore, pursuant to the Amended and Restated Employment Agreement, dated August 9, 2018, between the Company and Plaintiff. Plaintiff seeks contractual severance pay in the amount of $1,000,000 and reasonable costs and attorney's fees. The Company denies Plaintiff's allegations in their entirety.