Ivanhoe Electric sets $500k base salary for Executive Chairman Robert Friedland; provides change-of-control benefits

Ivanhoe Electric Inc.

Annual base salary of $500,000 effective Jan 1, 2024; eligible for short-term bonus of 100% and long-term bonus of 200% of salary.
Short- and long-term bonuses to be awarded in equity under company's incentive plans.
Upon change of control and termination within 12 months, lump sum cash payment equal to 18 months' base salary.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.4

Ivanhoe Electric Inc. entered into Compensation Letter with Robert Friedland valued at $500,000 per year (effective 2024-05-09).

Action: entry
Counterparty: Robert Friedland
Value: $500,000 per year
Effective: 2024-05-09

Exact text from the filing

On May 9, 2024, Ivanhoe Electric Inc. (the “Company”) entered into a compensation and change of control arrangement with Robert Friedland with respect to his services as the Executive Chairman of the Company.

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Ivanhoe Electric Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-059418

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