Sphere 3D cuts CEO salary to $350k; new CFO agreement with $320k salary and RSU grant

Sphere 3D Corp.

CEO Patricia Trompeter voluntarily reduced base salary from $450k to $350k, effective Jan 22, 2024; arrears payable on request.
Second amendment clarifies change-of-control calculation on as-converted basis, regardless of conversion restrictions.
New CFO Kurt Kalbfleisch agreement: $320k base salary, eligible for discretionary bonus up to 75% of base, plus RSUs.
Kalbfleisch received 125,000 RSUs (~$170k at $1.36/share); 25% vested March 27, 2024, rest quarterly through Jan 2026.
Severance includes 18 months base salary and 50% target bonus for 18 months upon qualifying termination.

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