Brief: HF Foods Group Inc Board Approved Terms Of A Separation Agreement

Hf Foods

25/02/2021 11:32

Feb 25 (Reuters) - Hf Foods Group Inc  HFFG.O :
    * HF FOODS GROUP INC -  ON FEB. 22, BOARD APPROVED TERMS OF
A
SEPARATION AGREEMENT PURSUANT TO WHICH ZHOU MIN NI VOLUNTARILY
RESIGNED AS CO-CEO
    * HF FOODS GROUP INC - WILL PROVIDE ZHOU MIN NI WITH PAYMENT
OF
HIS WAGES THROUGH MARCH 31, 2021
    * HF FOODS GROUP - FOR GENERAL RELEASE OF CLAIMS IN CO'S
FAVOR,
AGREEMENT PROVIDES THAT NI TIMELY ELECTS COBRA CONTINUATION
COVERAGE UNDER GROUP HEALTH PLANS
    * HF FOODS GROUP INC - ON FEBRUARY 23, PETER ZHANG BECAME
SOLE
CHIEF EXECUTIVE OFFICER OF COMPANY
    * HF FOODS GROUP INC - IN CONNECTION WITH ZHANG'S PROMOTION,
COMPANY INCREASED HIS BASE SALARY TO $600,000

Source text for Eikon: [https://bit.ly/2ZOMiW1]
Further company coverage:  HFFG.O 

 ((Reuters.Briefs@thomsonreuters.com;))