other material
confidence high
sentiment neutral
materiality 0.45
LFTD Partners amends exec comp; caps 2022 bonus to protect $0.56 diluted EPS
LFTD PARTNERS INC.
- Terminates right to bonus compensation exceeding Modified 2021 Bonus Pool from Dec. 2021 agreement.
- 2022 Bonus Pool capped so diluted EPS does not fall below $0.56 per share; example caps pool at ~$1.25M.
- $500K bonus reallocated as $166,666.66 retention bonus each to Warrender, G. Jacobs, W. Jacobs payable Dec. 2022 if not resigned.
- Chairman of Compensation Committee authorized to negotiate 2023 supplemental retention bonus for the three executives.