Certain Officers; Compensatory
Arrangements of Certain Officers
On June 25, 2020, the board of directors of Yunhong CT Ltd. (the Company) appointed Jana Schwan, its current Vice President of Operations, as its new Chief Operating Officer and Jennifer Connerty, its current Controller, as its new Chief Financial Officer.
Ms. Schwan, 43, has served in various operational, purchasing and product development roles for the Company since 2002 and was appointed as Vice President of Global Procurement in 2012. Ms. Schwan was appointed as Vice President of Operations on December 1, 2017.
Ms. Schwan is the daughter of John Schwan, a principal shareholder and former Chairman of the Board of the Company.
Ms. Connert y, 39, joined the Company in November 2016 as an Assistant Controller and was promoted to Controller in April 2018. Prior to joining the Company, Ms. Connerty served as a Senior Accountant at Transilwrap Company, Inc. from December 2015 to November 2016, and held several accounting positions at Prima Power from November 2010 through December 2015. Ms. Connerty received her MBA in Accounting from the Keller Graduate School of Management at DeVry University.
There are no family relationships between Ms. Connerty and any director or executive officer of the Company.
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: June 29, 2020
YUNHONG CTI LTD.
/s/ Frank Cesario
President, Chief Executive Officer, Chief Financial Officer and Secretary
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