PRGX PRGX Global Inc

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 13, 2020, the Board of Directors of PRGX Global, Inc. (the “Company”) appointed Kurt Abkemeier as the Company’s Executive Vice President, Chief Financial Officer and Treasurer. Mr. Abkemeier was already serving as the Company’s Chief Financial Officer and Treasurer. The addition of the Executive Vice President title reflects Mr. Abkemeier’s additional responsibilities including oversight of the Company’s Information Technology and Data Privacy & Security functions. Mr. Abkemeier joined the Company in January 2019, initially serving as the Company’s Chief Financial Officer, Treasurer and Controller. In connection with his most recent appointment, Mr. Abkemeier’s annual salary was increased to $400,000 and he will be eligible for an annual incentive bonus (at target equal to 75% of his annual base salary and at a maximum of not less than 150% of his annual base salary) in accordance with the terms of the Company’s Short Term Incentive Plan. In addition, Mr. Abkemeier will receive a discretionary cash bonus of $125,000, which will be payable on March 13, 2020. The other terms of Mr. Abkemeier’s compensation are provided in his Employment Agreement described in and attached to the Company’s Current Report on Form 8-K filed January 7, 2019.