Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
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On March 8, 2021, the holders of Jack Creek Investment
Corp.s (the Company) Class B ordinary shares elected Richard Noll to serve as a director of the Company. Mr. Noll will also serve as a member of the Audit Committee, Compensation Committee and Nominating Committee, with
the Companys Board of Directors having determined that Mr. Noll satisfied all applicable requirements to serve on such committees, including without limitation the applicable independence requirements of the Nasdaq Capital Market and the
Securities Exchange Act of 1934, as amended. Following the appointment of Mr. Noll, the Companys Compensation Committee and Nominating Committee each consists of Heather Hartnett, Samir Kaul and Mr. Noll and the Companys Audit
Committee consists of Heather Hartnett, Samir Kaul, Jeffrey Kelter and Mr. Noll. Mr. Noll will serve as part of the Companys second class of directors until the second Annual Meeting of Stockholders or until his successor shall be elected
and duly qualified.
Mr. Noll served as Chairman of the Board of Directors of Hanesbrands Inc. from 2009 to 2019, and Chief Executive
Officer from 2006 to 2016. Mr. Noll joined Hanesbrands Inc. from Sara Lee Corporation where he worked for 14 years in various management positions, including President and Chief Operating Officer of Branded Apparel and Chief Executive Officer
and Chief Operating Officer of Sara Lee Bakery Group, and led the turnarounds of several Sara Lee Corporation bakery and apparel businesses. Since January 2020, Mr. Noll is Chairman of the Board of Reynolds Consumer Products Inc., and serves on
the Audit Committee and Compensation, Nominating and Corporate Governance Committee. In July 2019 he was appointed a member of the board of directors of Carters Inc., where he serves as a member of its compensation committee. Mr. Noll
previously served as a director of Fresh Market Inc. from 2011 to 2016. Mr. Noll received a B.A. in Business Administration from Pennsylvania State University and an M.B.A. from Carnegie Mellon University. The Company believes Mr. Noll is
well qualified to serve on the Board due to his extensive managerial experience.
There are no arrangements or understandings between
Mr. Noll and any other person pursuant to which he was elected as a director of the Company, and there are no family relationships between Mr. Noll and any of the Companys other directors or executive officers.
In connection with Mr. Nolls appointment, he and the Company entered into an indemnification agreement, a letter agreement and a
joinder to the registration and shareholder rights agreement, each dated as of March 8, 2021, entered into by the Company with its directors and officers in connection with the Companys initial public offering. Each of the director
indemnification agreement, the letter agreement and the registration and shareholder rights agreement was described in, and the forms of which were filed as exhibits to, the Companys registration statement relating to the Companys
initial public offering (File No. 333-248951).
In connection with his appointment as a
director of the Company, Mr. Noll will receive 25,000 founder shares from the Companys sponsor, JCIC Sponsor LLC.
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