{"url_path":"/sec/nlst/8-k/2026-07-02/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-02","source_url":"https://www.sec.gov/Archives/edgar/data/1282631/0001104659-26-080376-index.html","accession_number":"0001104659-26-080376","cik":"0001282631","ticker":"NLST","issuer_name":"NETLIST INC","edgar_url":"https://www.sec.gov/Archives/edgar/data/1282631/0001104659-26-080376-index.html","primary_entity_key":"0001282631","primary_entity_name":"NETLIST INC"},"word_count":197,"has_tables":true,"body_markdown":"**Item 5.02. Departure of Directors or Certain Officers; Election\nof Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\nOn July 1, 2026, Netlist, Inc. (the “Company”) adopted\nthe Netlist, Inc. 2026 Performance Equity Plan (the “Plan”). Pursuant to the terms of the Plan, the Company may, under the\ndirection of the Company’s board of directors (the “Board”), make grants of stock options, restricted and unrestricted\nstock awards and other stock-based awards to employees (including current and future executives), consultants and directors. The Company\nreserved 33,600,000 shares of the Company’s common stock, par value $0.001 per share, for issuance under the Plan. The Board intends\nto grant performance awards under the Plan to the Company’s executive officers, including awards to one or more of the Company’s\nnamed executive officers, as incentive compensation. The Plan was approved by the Board without stockholder approval.\n\n \n\nThe foregoing description of the terms of the Plan is not intended\nto be complete and is qualified in its entirety by reference to the Plan and the form of Restricted Stock Unit Agreement adopted under\nthe Plan, copies of which are included hereto as Exhibits 10.1 and 10.2 and incorporated herein by reference."}