leadership
confidence high
sentiment neutral
materiality 0.30
Nathan's Famous extends Executive Chairman Howard Lorber's contract to Dec 2027; grants 50,000 RSUs
NATHANS FAMOUS, INC.
- Employment term extended from Dec 31, 2022 to Dec 31, 2027 via Amendment No. 3.
- Lorber receives 50,000 restricted stock units vesting in equal annual installments over five years.
- First RSU vesting on Dec 8, 2023; grant under 2019 Stock Incentive Plan.
- Amendment adds Section 409A compliance provisions for deferred compensation.
- No other material changes to base salary, duties, or other terms of the agreement.