leadership
confidence high
sentiment neutral
materiality 0.50
Weis Markets enters CEO employment agreement with Jonathan H. Weis through 2025 with base salary of $1.26M
WEIS MARKETS INC
- Base salary of $1,262,821/year; eligible for bonus, equity, and long-term cash incentive plans.
- CEO Incentive Award Plan provides retention award of 2x base salary and performance awards tied to net sales and MROIC targets.
- Without Cause termination: continued base salary until end of Term plus highest annual bonus from prior two years.
- Upon death, $3M lump sum paid to surviving spouse/estate under the Plan, plus 50% of base salary until end of Term.