leadership
confidence high
sentiment neutral
materiality 0.35
Taylor Devices enters CEO employment agreement with Timothy Sopko; base salary $250K
TAYLOR DEVICES, INC.
- CEO Timothy Sopko enters one-year employment agreement with Taylor Devices, effective Aug 9, 2021, automatically renewing annually.
- Base salary set at $250,000 per year, subject to increase by Board discretion.
- Executive eligible for incentive compensation based on company performance as approved by Board.
- Severance includes 12 months base salary and COBRA premium reimbursement if terminated without cause or for good reason.
- Either party may decline renewal with 90 days' notice; non-renewal by company triggers severance.