Every company has to file Form 10-K that shows executive compensation.
Link: https://www.sec.gov/Archives/edgar/data/1071739/000107173922000286/a2022063010-qexhibit103.htm
Today we will learn about CFO compensation:
- Base salary of $1,100,000 for 2023
- Base salary may not be decreased during the Employment Term
Annual Incentives:
- Annual Standard bonus - 125% to 250% of Base salary
- Annual Special bonus - TBD by board
- Short Term Bonus - TBD by board
- Long Term Bonus - TBD by board
- Annual Cash Award - 100% of Base salary
- $6 million of stock option for 2023
Total target level of compensation for the Executive for 2023 will be at least $8,900,000
Board of Directors have decided that EACH executive WILL MAKE no less than $8.9M