Jul. 9 at 12:18 AM
$ZONE
There was a filing yesterday about the CFO voluntarily adjusting his annual base salary from
$75K to
$62.4K, with the company in return granting him a one-time consideration of restricted stock units vesting into 80K shares of common stock. He also waived his rights to receive cash compensation for any unused paid time off in the event his employment was to be terminated.
This could be a consequence of the mistake that required the prior 10-Q to be restated. It would definitely be a good demonstration of integrity by management that they might as well communicate as such.
https://www.sec.gov/Archives/edgar/data/1956741/000121390026075952/ea029718401ex10-1.htm
