Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
of Certain Officers.
WOODBURY,
NY, December 4, 2020. Research Frontiers Inc. (Nasdaq: REFR) today announced that Seth L. Van Voorhees, Ph.D., Chief Financial
Officer and Vice President of Business Development, has resigned his position, effective December 4, 2020, in order to become
CFO of a public biotechnology company located in New Jersey.
Joseph
M. Harary, President and CEO, who previously served as the company’s Chief Financial Officer, will assume the responsibilities
of the position of interim Chief Financial Officer.
“During
his nearly ten years at Research Frontiers, Seth has been an important member of our executive team” commented Joseph
M. Harary, President and CEO of Research Frontiers. “On behalf of the Board of Directors and the entire Research Frontiers
team, we thank Seth for his strategic contribution to Research Frontiers’ growth and mission, and we wish him well in his
new endeavor. In addition, we look forward to his continued involvement and input with Research Frontiers as a long-standing shareholder.”
Dr.
Van Voorhees added, “I am grateful for my time at Research Frontiers and for the opportunity to work with such an incredible
team of leaders. I continue to believe in the strength of Research Frontiers and wish the team all the best and future success.”
Details
are noted in the press release attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
The Research Frontiers press release is also available on the Company’s website at www.SmartGlass.com and at various other
places on the internet.
This
report and the press releases referred to herein may include statements that may constitute “forward-looking” statements
as referenced in the Private Securities Litigation Reform Act of 1995. Those statements usually contain words such as “believe”,
“estimate”, “project”, “intend”, “expect”, or similar expressions. Any forward-looking
statements are made by the Company in good faith, pursuant to the safe-harbor provisions of the Act. These forward-looking statements
reflect management’s current views and projections regarding economic conditions, industry environments and Company performance.
Factors, which could significantly change results, include but are not limited to: sales performance, expense levels, competitive
activity, interest rates, changes in the Company’s financial condition and several business factors. Additional information
regarding these and other factors may be included in the Company’s quarterly 10-Q and 10K filings and other public documents,
copies of which are available from the Company on request. By making these forward-looking statements, the Company undertakes
no obligation to update these statements for revisions or changes after the date of this report.
The
information in this Form 8-K or the press release reproduced herein shall not be deemed “filed” for purposes of Section
18 of the Securities Exchange Act of 1934, nor shall they be deemed incorporated by reference in any filing under the Securities
Act of 1933, except as shall be expressly set forth by specific reference in such filing.