OpGen cuts exec and director salaries 40% starting Sept 1, 2023

CapForce Inc.

CEO Oliver Schacht salary reduced from $408K to $244.8K; CFO Albert Weber and COO Johannes Bacher each from $300K to $180K.
Non-employee director annual cash retainer cut 40%: to $15K per director, $45K for chairman.
Committee chair retainers reduced to $9K (audit), $7.2K (compensation), $4.5K (other); member retainers also cut.
Reductions effective Sept 1, 2023 as part of cost management efforts.
BoD approved director compensation cuts alongside executive salary reductions.

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