SECURITIES AND EXCHANGE COMMISSION
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PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed, on December 5, 2018, Hill International, Inc. (the “Company”) entered into a Board Observer and Standstill Agreement (the “Agreement”) with Richter Capital LLC and David L. Richter (collectively, the “Richter Group”), pursuant to which the Richter Group agreed to certain standstill provisions and the Company agreed to appoint Mr. Richter as an observer to the Company’s Board of Directors (the “Board”).
As a result of a professional conflict, on February 1, 2021, Mr. Richter delivered a notice of termination of the Agreement to the Company. Mr. Richter is therefore no longer an observer to the Board and the Agreement has been terminated, provided that the Richter Group must comply with certain post-termination obligations (such as confidentiality, standstill and non-compete/non-solicit provisions) for applicable time periods.
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|HILL INTERNATIONAL, INC.|
|By:||/s/ William H. Dengler, Jr.|
|Name:||William H. Dengler, Jr.|
|Dated: February 12, 2021||Title:||Chief Administrative Officer, Executive Vice President and Corporate Secretary|