BRIDGFORD FOODS CORP : Entry into a Material Definitive Agreement, Change in Directors or Principal Officers, Financial Statements and Exhibits (form 8-K)

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Item 1.01 - Entry into a Material Definitive Agreement Effective February 1, 2023 , Raymond F. Lancy retired from his positions of employment with Bridgford Foods Corporation (the "Company"). Mr. Lancy will remain on the Board of Directors for the upcoming term in 2023. Raymond F. Lancy served as Treasurer of the Company for more than the past five years. He also served as Chief Financial Officer from 2003 to October 2022 , as a member of the Executive Committee from 2001 to October 2022 , and as a Vice President since 2001. Recognizing Mr. Lancy's exceptional service and continuing value to the Company, the Company entered into a consulting agreement (the "Agreement"") with Mr. Lancy effective February 2, 2023 in which he will continue to be available for consultation with management of the Company. The Company shall pay Mr. Lancy at the rate of $157.50 per hour for his consulting services pursuant to this Agreement, which amounts will be paid on a monthly basis. Additionally, Mr. Lancy will be reimbursed for all reasonable out of pocket expenses incurred in rendering such services. The Agreement is terminable by either party upon at least thirty (30) days' notice to the other party. Additionally, a copy of the Agreement is attached as Exhibit 10.1 to this report and is incorporated herein by reference. The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to such Exhibit 10.1. Item 5.02 - Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers. The disclosure set forth under Item 1.01 is hereby incorporated under this Item. Item 9.01 - Financial Statements and Exhibits (d) Exhibits. Exhibit Number Description 10.1 Consulting Agreement by and between Bridgford Foods Corporation and Raymond F. Lancy dated February 2, 2023 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) © Edgar Online, source Glimpses

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