leadership
confidence high
sentiment neutral
materiality 0.50
Nicholas Financial extends CEO Michael Rost's contract through Feb 29, 2024, with $100K bonus structure
OLD MARKET CAPITAL Corp
- CEO Michael Rost's employment term extended to February 29, 2024, with two possible 3-month extensions by mutual consent.
- Base salary remains $250,000 unchanged; bonus terms revised: $25,000 payable by Sept 9, 2023, and $75,000 within 30 days after term end.
- $75,000 post-term bonus forfeited if CEO resigns voluntarily or is terminated for cause before Feb 29, 2024.
- Stock purchase matching program (Section 3(e)) eliminated from the agreement.