UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
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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. |
Effective as of February 8, 2023, Thomas Zielecki and iMedia Brands, Inc. (the “Company”) mutually agreed to end his employment as Senior Vice President and Chief Financial Officer of the Company. Mr. Zielecki will serve as a consultant to the Company for the next three months to provide, among other things, consultation and assistance as reasonably requested by the Company. In exchange for his continued service, Mr. Zielecki will be entitled to continue to receive his existing compensatory arrangements for the duration of his continued service to the Company.
Timothy A. Peterman, the Company's Chief Executive Officer, will serve as acting Chief Financial Officer, serving as the principal accounting and financial officer, until a successor is appointed. There is no change to Mr. Peterman’s compensation for service in this role.
Additional information about Mr. Peterman as required by Item 401 of Regulation S-K can be found under the heading "Directors, Executive Officers and Corporate Governance" in Item 10 of Part III of our Annual Report on Form 10-K for the fiscal year ended January 29, 2022, and such information is incorporated herein by reference.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: February 13, 2023 | iMedia Brands, Inc. | |
| By: | /s/ Timothy A. Peterman | |
| Timothy A. Peterman | ||
| Chief Executive Officer & Interim Chief Financial Officer | ||