Company: ATLN
Filing Date: 2025-01-23
Form Type: S-4/A
Source: 0001213900-25-006032
Chunk: 33

Company: ATLANTIC INTERNATIONAL CORP.
Filing Date: 2025-01-23
Form: S-4/A
Chunk 33
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ing 360 stockholders should be aware that certain Atlantic International’s executive officers, and their affiliates, have interests in the Merger. Atlantic International’s Board of Directors was aware of these interests and considered them, among other matters, in approving and declaring advisable the Merger Agreement and the transactions contemplated by the Merger Agreement. •pursuant to the terms and conditions of an Executive Employment Agreement dated as of June18, 2024 by and between Atlantic International and Jeffrey Jagid, as Chief Executive Officer of Atlantic International, Mr. Jagid is entitled to receive a transaction bonus in the amount of $100,000 for a completed acquisition in excess of $8 million, including this Merger, in consideration for his assistance in closing such transaction. •pursuant to the terms and conditions of executive Employment Agreement dated as of June18, 2024 by and between Atlantic International and Christopher Broderick, as Chief Financial Officer and Michael Tenore as General counsel, each of them is entitled to a transaction bonus of $75,000 upon the closing of the Merger transaction. Interests of Staffing 360’s Directors and Executive Officers in the Merger (Page 96) In considering the recommendations of the Staffing 360 Board of Directors, Staffing 360 stockholders should be aware that Staffing 360 directors and executive officers have interests in the Merger, including financial interests that may be different from, or in addition to, the interests of other Staffing 360 stockholders generally. The Staffing 360 Board of Directors was aware of and considered such interests, among other matters, in reaching its decision to approve the Merger Agreement and the transactions contemplated by the Merger Agreement. 4 These interests include, among others: •after the Merger, each of Brendan Flood and Alicia Barker with continue to be employed within their respective roles with Staffing 360; •pursuant to the Merger Agreement, Atlantic International and the Staffing 360 have agreed to negotiate and agree to the terms of amended employment agreements with Brendan Flood and Alicia Barker, as President and Executive Vice President, respectively, prior to the filing with the SEC of the Registration Statement on Form S -4in connection with the Merger, with such terms including an issuance of 1,263,020 of Atlantic common stock to each of Brendan Flood and Alicia Barker, which includes a six -monthvesting period and a term of three years; and •the continued indemnification of current directors and officers of Staffing 360 and the