{"url_path":"/sec/ppli/8-k/2026-06-22/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-22","source_url":"https://www.sec.gov/Archives/edgar/data/1800227/0001104659-26-076369-index.html","accession_number":"0001104659-26-076369","cik":"0001800227","ticker":"PPLI","issuer_name":"People Inc","edgar_url":"https://www.sec.gov/Archives/edgar/data/1800227/0001104659-26-076369-index.html","primary_entity_key":"0001800227","primary_entity_name":"People Inc"},"word_count":338,"has_tables":true,"body_markdown":"**Item 5.02      Departure of Directors or\nCertain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**\n\n \n\n**Appointment of Principal Accounting Officer**\n\n \n\nOn June 16, 2026 (the “Effective\nDate”), Christopher Currier was appointed as Chief Accounting Officer (Principal Accounting Officer) of People Incorporated,\na Delaware corporation (the “Company” or “People”), effective immediately. Prior to this appointment,\nMr. Currier, age 41, served as the Company’s Senior Vice President and Controller. Prior to joining the Company, Mr. Currier spent\nover seven years with Ernst & Young LLP in various roles within the transformative strategy and transactions, audit, financial accounting\nadvisory and valuation practices. Mr. Currier joined the Company in 2014.\n\n \n\nIn connection with his appointment,\nMr. Currier entered into a Retention Agreement with the Company, dated May 26, 2026 (the “Retention Agreement”). Pursuant\nto the terms of the Retention Agreement, in the event that the Company terminates Mr. Currier’s employment without Cause (as defined\nin the Retention Agreement), Mr. Currier will be entitled to accelerate and vest in the greater of: (i) 100% of any Company restricted\nstock unit (“RSU”) awards outstanding as of the date of the Retention Agreement; or (ii) any Company RSU awards outstanding\nas of the date of his separation from employment that are unvested at the time of such separation but which would, but for the separation\nof service, have vested during the twelve (12) month period following the date of such separation, subject to applicable performance conditions\nand vesting schedules.\n\n \n\n**Departure of Principal Accounting Officer**\n\n \n\nConcurrently with Mr. Currier’s\nappointment and as of the Effective Date, Michael H. Schwerdtman, Senior Vice President, Chief Accounting Officer (Principal Accounting\nOfficer) notified the Company that he was retiring from his position, effective as of the Effective Date, after having served in such\nrole since November 2024 and previously from December 2004 until his retirement from his position in August 2023. Mr. Schwerdtman will\nremain an employee of the Company and continue to serve as an advisor from the Effective Date through February 28, 2027."}