leadership
confidence high
sentiment neutral
materiality 0.40
Gevo amends CEO Gruber and Pres. Ryan agreements; adds pacts for officers Bloom, Bowron
Gevo, Inc.
- CEO Gruber: $650k base salary, 100% target bonus, severance 24 months salary + 2x bonus, 18 months COBRA; single-trigger change-in-control vesting eliminated.
- COO Ryan: $431.6k base, 80% target bonus, severance 12 months salary + 1x bonus, 18 months COBRA.
- New agreements for Paul Bloom ($407k base, 80% target bonus) and Kimberly Bowron ($333.3k base, 65% target bonus); severance 6 months salary (12 months near change-in-control).
- Each executive receives 10,000 restricted shares for non-compete; non-compete periods are 2 years for Gruber/Ryan, 18 months for Bloom/Bowron.
- Agreements include retirement transition provisions allowing continued equity vesting and consulting fees for up to 2 years.