Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective June 29, 2021, LifeMD, Inc. (the "Company") and Brad Roberts, its
Chief Operating Officer, entered into the Second Amendment (the "Amendment") to
the Amended and Restated Employment Agreement dated December 21, 2020 between
the Company and Mr. Roberts (as first amended on June 15, 2021) to provide that
Mr. Roberts is eligible to receive up to 300,000 restricted stock units of the
Company's common stock, par value $0.01 (the "RSUs"), which will vest subject to
the Company's Telemedicine Brands (as defined in the Amendment) achieving
certain revenue milestones. The RSUs will also vest upon a Change of Control (as
defined in the Amendment).
Item 5.02 of this Current Report on Form 8-K contains only a brief description
of the material terms of the Amendment and does not purport to be a complete
description of the rights and obligations of the parties to the Amendment, and
such description is qualified in its entirety by reference to the full text of
the Amendment, which will be filed with the Quarterly Report on Form 10-Q for
the quarter ended June 30, 2021.
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