Current Report · Items 5.02, 9.01 · 8-K/A
Coffee Holding Co., Inc.
JVANASDAQEQUITYCurrent
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 26, 2026, with the approval of its board of directors, Coffee Holding Co., Inc., a Nevada corporation (the “Company”), entered into an amendment to its Amended and Restated Employment Agreement (the “Amendment”), dated April 11, 2…
Disclosure sections
Item 5.02Item 5.02 - Departure/Election of Directors
Item
5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
On
February 26, 2026, with the approval of its board of directors, Coffee Holding Co., Inc., a Nevada corporation (the “Company”),
entered into an amendment to its Amended and Restated Employment Agreement (the “Amendment”), dated April 11, 2008, between
the Company and Andrew Gordon, the Company’s President, Chief Executive Officer, Chief Financial Officer and Treasurer.
Under
the Amendment, (i) Mr. Gordon agreed to a reduction in his base salary from $450,000 to $80,000 per annum, (ii) Mr. Gordon was granted
a right to receive an incentive bonus of $1.6 million if he remains employed with the Company until January 1, 2030 (such bonus to be
paid by March 16, 2030) and (iii) Mr. Gordon will be required to enter into a general release in order to receive severance benefits.
The
foregoing description does not purport to be complete and is qualified in its entirety by the Amendment, a copy of which is filed as
Exhibit 10.1 hereto and is incorporated herein by reference.