leadership
confidence high
sentiment neutral
materiality 0.40
A-Mark Precious Metals signs new CEO employment agreement with Gregory N. Roberts effective July 1, 2023
Gold.com, Inc.
- New employment agreement for CEO Gregory N. Roberts from July 1, 2023 through June 30, 2027.
- Base salary of $1,000,000 per year; annual performance bonus of $0 to $2.0 million based on pre-tax profits.
- Cash incentive at end of four-year term equal to 2% of Total Shareholder Return minus salary and cash bonuses paid.
- Severance upon termination without cause or for good reason: lump sum equal to annualized salary over 36 months plus average annual bonuses, minimum $2 million.
- Business-protection covenants remain substantially the same as prior agreement.