leadership
confidence high
sentiment neutral
materiality 0.45
CV Sciences enters new 3-year employment agreements with CEO and CFO
CV Sciences, Inc.
- CEO Joseph Dowling new base salary $300K/year, target annual bonus 50% of base.
- CFO Joerg Grasser new base salary $235K/year, target annual bonus 20% of base.
- Both agreements run through June 20, 2027, with change-of-control severance of 2x base salary.
- Dowling has $433,871 in deferred base salary plus $490,274 total accrued (2020-2022).
- Dowling eligible for $1,500/month car allowance and $1.5M life insurance paid by company.